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Manhattan Gold Corporation Limited (ASX:MHC)

ALERT: Price-sensitive ASX Announcement for MHC
Current share price for MHC : $0.021 -0.001 (-4.55%)+
Announcement
Release
25 Sep 2025 9:35AM
Price at Release
$0.022
Full Release
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Summary
Manhattan Corporation Ltd (ASX:MHC) has expanded the exploration footprint of its Hook Lake Project following encouraging results from a recent field program. The expansion includes staking new mineral claims of 70.7 km² and an application to extend an exploration agreement with Nunavut Tunngavik Incorporated, increasing the project area to over 580 km². The project is situated in the Rankin Inlet-Ennadai Greenstone Belt, known for its Archaean greenstone gold potential and volcanogenic massive sulphide systems. The project expansion secures Manhattan’s position on a highly prospective shear zone, with historical estimates indicating significant gold occurrences. A high-resolution magnetic survey by Terraquest Ltd. is scheduled to further explore gold and polymetallic mineralization. Assays from 70 rock samples taken during the maiden field program are expected soon, marking an exciting phase for the company.
Key Points
  • Manhattan Corporation Ltd expanded the Hook Lake Project's exploration footprint.
  • New mineral claims totalling 70.7 km² have been staked.
  • The project area now covers over 580 km² in the Rankin Inlet-Ennadai Greenstone Belt.
  • Expansion includes an application to extend an exploration agreement with Nunavut Tunngavik Incorporated.
  • The area is known for its Archaean greenstone gold potential and associated VMS systems.
  • Historical gold estimates show significant potential at the Jaws site.
  • A high-resolution magnetic survey by Terraquest Ltd. is scheduled.
  • Assays from 70 rock samples are expected to arrive soon.
  • The expansion strengthens Manhattan's position in a prospective underexplored greenstone belt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.