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Metal Hawk Commences Stage-2 Drilling at Fraser South

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THE DRILL SERGEANT: Metal Hawk (ASX: MHK) has aircore (AC) drilling underway at the company’s Fraser South project, located in the Goldfields-Esperance region of Western Australia.

Metal Hawk said the 50-hole Stage-2 campaign will be targeting new zones of rare earth element (REE) mineralisation and will be following-up high-grade results achieved by a maiden AC program carried out in May 2023.

Drilling will also be testing for early-stage indicators of nickel-copper-PGE mineralisation along an interpreted southern structural extension of the western margin of the Albany-Fraser belt.

“Following the excellent high-grade REE results from our maiden drilling campaign at Fraser South, we are very excited to commence the Stage-2 drilling program,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

“We will be drilling some closer spaced holes at Bozwood and we’ll be testing new target areas for additional zones of REE mineralisation.

‘Additionally, we look forward to further exploring the magnetic high and western margin of the belt for prospective nickel-bearing mafic and ultramafic rocks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Metal Hawk Raises $1.2m to Advance Lithium-Nickel-REE Projects

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THE BOURSE WHISPERER: Metal Hawk (ASX: MHK) received firm commitments from sophisticated investors to raise $1.2 million.

Metal Hawk indicated the proceeds will be put towards exploration activities at the company’s Yarmany and Fraser South projects in Western Australia.

Metal Hawk recently acquired the Yarmany nickel and lithium project, north-west of Coolgardie in WA’s Eastern Goldfields where limited historical drilling has confirmed a favourable geological setting with potential for komatiite-hosted nickel sulphides and pegmatite-hosted lithium mineralisation.

The company also bought out IGO’s 51 per cent JV interest at the Fraser South project where it has completed a maiden drilling program that identified clay-hosted rare earth element (REE) mineralisation.

“We look forward to an exciting period for the company with lithium and nickel exploration ramping up at Yarmany and the next phase of drilling at Fraser South due to commence shortly,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Metal Hawk Claims High-Grade Rare Earths Discovery at Fraser South

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THE DRILL SERGEANT: Metal Hawk (ASX: MHK) reported encouraging assay results from the first aircore (AC) drilling program undertaken at the company’s Fraser South project, located 150km north-east of Esperance, Western Australia.

Metal Hawk carried out drilling to test across an extensive 15 kilometres zone of variably weathered and metamorphosed granites, along a southern structural extension it had interpreted on the western margin of the Albany-Fraser Belt.

The company said the results from this initial program revealed a high degree of REE mineral enrichment in the clay and saprolite zones formed from weathering of the REE-bearing granites in the region.

The drilling encountered wide zones of rare earth element (REE) saprolite enrichment at Fraser South, including:

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26 metres at 1526ppm total rare earth oxide (TREO) from 16m to end of hole (EOH), including 8m at 3101ppm TREO from 32m;

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13m at 1202ppm TREO from 36m, including 5m at 2298ppm TREO from 44m;

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8m at 1087ppm TREO from 36m and 10m at 1781ppm TREO from 52m;

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19m at 816ppm TREO from 8m, including 3m at 2840ppm TREO from 24m to EOH.

“We are very pleased to see high-grades and excellent thicknesses of REE mineralisation from our maiden drilling program at Fraser South,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

“The initial 35-hole aircore campaign has demonstrated the REE potential of this project.

“With our very large tenement holding positioned directly over these fertile granites, there is ample opportunity to expand and discover new additional broad zones of mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE