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Manhattan Gold Corporation Limited (ASX:MHC)

ALERT: Price-sensitive ASX Announcement for MHC
Current share price for MHC : $0.018 -0.008 (-30.77%)+
Announcement
Release
20 Aug 2026 9:25AM
Price at Release
$0.026
Full Release
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Summary
Manhattan Gold Corporation Limited has announced the first assay results from its maiden reverse circulation drilling program at the Jaws gold target within the Hook Lake Project in Nunavut, Canada. The results from drillhole JWS26006b demonstrated wide, high-grade gold mineralization, including an intercept of 41.15 meters at 4.66g/t gold from 83.82 meters, with standout high-grade samples reaching up to 41.0g/t. This drillhole, along with others, confirmed the scale and grade of gold mineralization, showing significant upside potential compared to historic drilling data. The results also indicated the presence of high-grade shoots, necessitating further drilling to focus on understanding the shoot geometry and continuity. The drilling program has surpassed 3,000 meters with further assays pending, and additional regional exploration activities are planned to continue supporting the ongoing drill program.
Key Points
  • First assay results at Jaws gold target show high-grade gold intercepts.
  • Drillhole JWS26006b returned 41.15m at 4.66g/t gold from 83.82m.
  • Materially higher grades compared to historic drilling data.
  • Program surpassed 3,000m with further assays pending.
  • Presence of high-grade shoots confirmed, requiring further drilling.
  • Regional exploration includes till sampling to evaluate extensions.
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.