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Manhattan Corporation ( (AU:MHC) ) has shared an announcement.
Manhattan Gold Corporation has funded and scheduled a maiden 4,000-metre RC drilling and till sampling program at its Hook Lake Project in Nunavut, following a A$3 million capital raise. The campaign will test multiple orogenic gold prospects, including Jaws, Quantum, Lotus and Omega, as well as the Spectre VMS target, with mobilisation planned for late April.
The company has expanded its Hook Lake footprint by 81 square kilometres through six new mineral claims west of the existing tenure, securing ground over the largest gold-arsenic till anomaly in the Kaminak Greenstone Belt. Historical surface work on these claims has returned high-grade gold and silver results, and the area remains untested by drilling.
Manhattan has also resumed and expanded its airborne magnetic survey to more than 12,600 line kilometres, deploying a second aircraft to accelerate completion and incorporate the newly staked claims. This high-resolution data is expected to refine priority targets and underpin a follow-up diamond drilling campaign later in 2026.
Regulatory de-risking continues, with a positive screening decision from the Nunavut Impact Review Board and formal support from local Inuit and municipal bodies for the proposed work program. Drilling permits of up to seven years are set to be issued, providing long-term operational certainty for the project.
At the corporate level, the board has been refreshed with the appointment of Gavin Rezos as non-executive chairman and Danielle Kelly as a non-executive director, while Kell Nielsen has transitioned to a non-executive role. These changes signal a governance reset as the company moves from early-stage exploration into a more intensive drilling and project definition phase.
More about Manhattan Corporation
Manhattan Gold Corporation Limited is an Australian-listed mineral exploration company focused on gold and base metal discoveries. Its primary activities centre on the Hook Lake Project in the Kaminak Greenstone Belt of Nunavut, Canada, where it targets orogenic gold and VMS-style mineralisation in highly prospective greenstone terrain.
Average Trading Volume: 1,377,677
Technical Sentiment Signal: Sell
Current Market Cap: A$15.16M
See more data about MHC stock on TipRanks’ Stock Analysis page.