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Moonlight Resources Ltd (ASX:ML8)

ALERT: Price-sensitive ASX Announcement for ML8
Current share price for ML8 : $0.170 -0.03 (-15%)+
Announcement
Release
27 Jan 2026 9:12AM
Price at Release
$0.200
Full Release
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Summary
Moonlight Resources Ltd has reported significant initial drilling results from the Leo Grande Prospect within the Clermont Gold Project in Queensland, Australia. The campaign comprised of 14 reverse circulation drill holes, each intersecting thick intervals of gold mineralization at near-surface levels. The results validate Moonlight's geological interpretation and confirm the continuity within the Leo Grande Shear Zone. Notable assay results include intersections of 40m at 1.30 g/t and 34m at 1.37 g/t gold, ending in mineralization. The completion of this campaign reinforces the potential for depth and strike extensions, with further drilling scheduled to resume shortly.
Key Points
  • Initial drilling campaign at Leo Grande intersects thick, near-surface gold.
  • All 14 RC drill holes successfully intersected gold mineralization.
  • Results validate existing geological interpretation and continuity.
  • Notable intersections include 40m at 1.30 g/t and 34m at 1.37 g/t gold.
  • Multiple holes ended in mineralization, indicating potential for extensions.
  • Further drilling scheduled, with up to 3,000 meters of additional RC drilling.
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.