InvestSMART

Manhattan Gold Corporation Limited (ASX:MHC)

ALERT: Price-sensitive ASX Announcement for MHC
Current share price for MHC : $0.024 -0.001 (-4%)+
Announcement
Release
27 Oct 2025 9:35AM
Price at Release
$0.025
Full Release
download
Summary
Manhattan Corporation Limited has announced promising exploration results from its Hook Lake Project in Nunavut, which is located within the Rankin-Ennadai greenstone belt. The project covers a total of 580 km² and involves multiple prospects such as Quantum and Lotus. Significant high-grade gold and silver assays were reported, with rock samples returning up to 16.75 g/t gold and 2660 g/t silver from untested target areas, demonstrating the potential for substantial precious metal discoveries. The results build on previous findings from the Jaws deposit and highlight the presence of a large, fertile mineralized system capable of hosting multiple deposits. Further exploration is planned to enhance the understanding of the mineralization and to potentially redefine resources in accordance with JORC standards.
Key Points
  • High-grade gold and silver assays up to 16.75 g/t gold and 2660 g/t silver.
  • Exploration focused on Quantum and Lotus prospects within the Hook Lake Project.
  • The project is located in the Rankin-Ennadai greenstone belt in Nunavut.
  • Potential for significant precious metal discoveries beyond the Jaws deposit.
  • Further exploration planned to define resources under JORC standards.
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.