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Metal Hawk Ltd. ( (AU:MHK) ) has provided an announcement.
Metal Hawk reported that it advanced exploration at its Leinster South Project during the March quarter, completing 18 reverse circulation drill holes for 2,734 metres to test regional gold targets and a key geophysical anomaly, alongside ongoing soil geochemical sampling and mapping. The company also finished planning an extensive ground gravity survey and closed the quarter with $2.23 million in cash and about $2.0 million in listed investments, underscoring a solid funding base for upcoming drilling and survey work scheduled for the June quarter.
Planned work for the current quarter includes completing the regional ground gravity survey, receiving assay results from the recent drilling campaign, and preparing further follow-up drilling guided by new geochemical and geophysical data. These activities are expected to refine Metal Hawk’s understanding of the underexplored Leinster South tenements and could potentially enhance its exploration pipeline and strategic positioning within the Agnew-Wiluna belt if substantive mineralisation is confirmed.
More about Metal Hawk Ltd.
Metal Hawk Ltd. is an Australian exploration company focused on gold and base metals, with its primary activities centred on its 100%-owned Leinster South Project in Western Australia. The project spans more than 430 square kilometres along the Agnew-Wiluna Greenstone Belt, a world-class mineralised region, where historical exploration has been relatively limited.
Average Trading Volume: 182,876
Technical Sentiment Signal: Sell
Current Market Cap: A$11.48M
For a thorough assessment of MHK stock, go to TipRanks’ Stock Analysis page.