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Moonlight Confirms Thick Near-Surface Gold at Clermont’s Leo Grande Prospect

Story Highlights
  • Moonlight’s initial Leo Grande drilling intersected thick, consistent near-surface gold across all 14 reverse circulation holes.
  • Validated geology and open mineralisation at Leo Grande underpin expanded drilling and highlight strong growth potential for Clermont project.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Moonlight Confirms Thick Near-Surface Gold at Clermont’s Leo Grande Prospect

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Moonlight Resources Ltd ( (AU:ML8) ) has shared an announcement.

Moonlight Resources has reported assay results from an initial 14-hole reverse circulation drilling campaign at the Leo Grande prospect within its Clermont Gold Project, with every hole intersecting thick zones of near-surface gold mineralisation and multiple step-out holes ending in mineralisation. The results validate the existing geological model, confirm continuity within the Leo Grande Shear Zone, and indicate strong potential for depth and strike extensions, prompting a further 3,000 metres of RC drilling at Leo Grande in the coming weeks before the rig is mobilised to the nearby Goldfinger prospect, signaling meaningful growth potential for the project and heightened interest for investors in the company’s emerging gold system.

More about Moonlight Resources Ltd

Moonlight Resources Ltd (ASX: ML8) is an Australian gold exploration company focused on advancing its flagship Clermont Gold Project in Queensland, with key prospects including Leo Grande and Goldfinger. The company’s activities centre on reverse circulation drilling and geological modelling to define and expand near-surface gold mineralisation within structurally controlled shear zones.

Average Trading Volume: 196,026

Find detailed analytics on ML8 stock on TipRanks’ Stock Analysis page.

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