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Manhattan Gold Corporation Limited (ASX:MHC)

ALERT: Price-sensitive ASX Announcement for MHC
Current share price for MHC : $0.023 0.002 (9.52%)+
Announcement
Release
7 May 2026 9:27AM
Price at Release
$0.021
Full Release
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Summary
Manhattan Gold Corporation Limited has expanded its mineral exploration agreement with Nunavut Tunngavik Incorporated to include an additional 15 km² area at the Hook Lake Project, located within the Rankin-Ennadai Greenstone Belt in Nunavut, Canada. This 20-year agreement grants full mineral interests over the expanded area, bringing the total to 338 km². The company emphasizes collaboration with Inuit communities, integrating traditional knowledge, and ensuring community benefits such as local hiring and skills training. The Hook Lake Project has strong community and regulatory support, and exploration activities, including airborne surveys and RC drilling, are set to begin.
Key Points
  • Manhattan Gold Corporation Limited has expanded its mineral exploration agreement with Nunavut Tunngavik Incorporated.
  • The expansion involves an additional 15 km² area of Inuit owned land at the Hook Lake Project, totaling 338 km².
  • This agreement grants a 20-year mineral interest over the land parcels AR-16 and AR-25.
  • The project focuses on the Rankin-Ennadai Greenstone Belt, which is highly prospective for gold and polymetallic mineralization.
  • There is a strong emphasis on respectful engagement and collaboration with Inuit communities and organizations.
  • Commitments include integrating traditional Inuit knowledge and ensuring community benefits like local hiring and skills training.
  • The Hook Lake Project has received full regulatory and community support.
  • Exploration activities such as airborne magnetic surveys and RC drilling are set to commence.
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.