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Mantle Mining assays confirm gold potential at Granite Castle  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 12/11/2012

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(MENAFN - ProactiveInvestors - Australia) Mantle Mining (ASX:MNM) has hit higher than cut-off grade gold at its Edwards prospect at the Granite Castle gold and silver project in Queensland.

The project, which is Mantle's most advanced gold project, has a JORC compliant resource mineralisation in a 600 metre long portion of a single shear, with additional shears similar to the JORC compliant grade having been identified.

At the Edwards Prospect 11 reverse circulation drillholes totalling 928 metres have been completed.

These drillholes have returned encouraging results as the distribution of mineralisation is similar to the Granite Castle deposit with zones of moderate to high grades located within the lower grade envelope.

Nine of the 11 drillholes completed have intersected gold values greater than the 0.2 grams per tonne cut-off used for the Granite Castle deposit and 5 drillholes intersected values greater than 1 gram per tonne of gold.

Mineralisation at the Edwards prospect area remains open to the west, with more follow-up work planned.

The Edwards area is believed to have high potential to contribute additional resources to the Granite Castle project.

Mantle Mining's previous results from drilling in the Tag Alley area confirmed low grade mineralisation, though more follow-up work is targeted.

 






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