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Moonlight Resources Ltd (ASX:ML8)

ALERT: Price-sensitive ASX Announcement for ML8
Current share price for ML8 : $0.125 -0.025 (-16.67%)+
Announcement
Release
27 Jul 2026 10:57AM
Price at Release
$0.150
Full Release
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Summary
Moonlight Resources Ltd has initiated its maiden Reverse Circulation (RC) drilling program at the Goldfinger Prospect within its Clermont Gold Project in Queensland. The 2,500-meter drilling initiative aims to verify and extend high-grade gold mineralization identified in the late 1980s by Noranda/Plutonic. Historical exploration highlighted multiple shallow high-grade gold intercepts, making Goldfinger a compelling high-priority target. The program will test historical results, including strike and down-dip extensions, to enhance the understanding of the mineralized system's scale and continuity. The project is part of Moonlight's broader strategy to systematically advance exploration opportunities across its portfolio, with results expected to be progressively released as received.
Key Points
  • Moonlight Resources Ltd commences maiden RC drilling at Goldfinger Prospect.
  • 2,500-meter program targets historical high-grade gold mineralization.
  • Historical drilling revealed 12 holes with over 1 g/t Au, including a peak assay of 44.5 g/t Au.
  • Program designed to verify and extend historical mineralization, testing strike and down-dip extensions.
  • Goldfinger is a high-priority target in the Clermont Gold Project in Queensland.
  • The initiative is part of a broader exploration strategy by Moonlight Resources Ltd.
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.