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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 (0%)+
Announcement
Release
1 Apr 2026 8:18AM
Price at Release
$0.021
Full Release
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Summary
Manhattan Gold Corporation Limited (MHC) has advanced its exploration initiatives at the Hook Lake Project in Nunavut, Canada. The company is gearing up for a maiden reverse circulation (RC) drilling program scheduled for April 2026, following the successful completion of a $3M placement to support the project's gold and polymetallic exploration. The Hook Lake Project has shown promising results with high-grade gold findings from historical estimates and recent sampling, though these estimates do not yet conform to JORC Code 2012 standards. MHC is integrating modern geophysical techniques, including airborne magnetic surveys, to enhance target generation and validate previous findings. The project area encompasses significant geological features, including the Turquetil Lake shear zone, which hosts non-JORC compliant gold resources. The region has not seen modern exploration since the 1990s, presenting an opportunity for new discoveries with updated exploration methods.
Key Points
  • Manhattan Gold Corporation Limited is advancing exploration at Hook Lake Project, Nunavut.
  • Maiden reverse circulation drilling program set for April 2026.
  • $3M placement completed to fund exploration efforts.
  • Historical high-grade gold findings from Hook Lake, but not JORC compliant.
  • Modern geophysical techniques are being integrated for target generation.
  • Turquetil Lake shear zone hosts non-JORC compliant gold resources.
  • Opportunity for new discoveries using modern exploration techniques.
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.