The Pick News

Metal Hawk extends high-grade gold at Thylacine

Written by Colin Hay | Jan 22, 2025 5:23:38 AM

Metal Hawk (ASX: MHK) is preparing for a maiden RC drill programme at the Thylacine target after obtaining high-grade of gold rock chip samples from its 100% owned Leinster South project, located 30km south of Leinster, in Western Australia.

Following the discovery of gold at Siberian Tiger less than six months ago, Metal Hawk’s field activities continue to define new targets for the upcoming drilling programme at the Thylacine and Siberian Tiger prospects.

New rockchip samples collected from quartz veins at the Thylacine south zone in early December have returned more high grades with assays up to 62.3g/t gold. These results extend the surface mineralised footprint at the prospect to more than 600m.

“These exceptional results from Thylacine significantly expand the surface footprint of this exciting gold prospect,” Managing Director, Will Belbin, said.

“In addition to the rock chip assays, the new soil geochemical results demonstrate the potential for significant extensive shallow gold mineralisation at the broader Thylacine prospect area. In the coming months we will be conducting additional regional mapping and geochemical sampling at Thylacine, Tysons and other regional gold prospects as we continue to advance our geological understanding of gold mineralisation at Leinster South.

“We are looking forward to completing heritage clearance surveys prior to our upcoming maiden drill program at Leinster South. 2025 is shaping up to be a huge year for Metal Hawk.”

The Thylacine Prospect is located approximately 1.5km ESE of Siberian Tiger on a parallel northern SE-trending magnetic domain within the greenstone belt.

Rockchip samples from Thylacine have returned a large number of high-grade gold assays (up to 62.3g/t Au) in multiple mostly sub-parallel NW-SE-trending quartz veins. The gold mineralisation at Thylacine is very similar to Siberian Tiger and is associated with abundant iron oxides forming bands and local zones of brecciation and boudinage. Mapping and sampling at Thylacine have identified more than 15 closely spaced and stacked steeply dipping mineralised quartz veins.

The Thylacine south zone consists of two previously reported extensive ENE (0700) trending vein arrays which extend for approximately 200m, marking the southernmost extent of known mineralisation at the prospect.

The quartz veins within this array are individually striking north-south and “blow out” to several metres in places, particularly at the western end where new results are up to 62.3g/t Au.

The majority of gold assays from along this array exceed 10g/t Au. Notably, this zone parallels a 20m wide dyke of Proterozoic dolerite, which may have utilised the same structure as the veins and led to some gold remobilisation.