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Moonlight Resources hit high-grade gold in all 14 drill holes at its Queensland project, signaling major potential.
Moonlight Resources has reported strong results from its maiden drilling at Queensland’s Clermont gold project, hitting thick, near-surface gold in all 14 holes, including high-grade intersections up to 40 meters at 1.3g/t and 10 meters at 2.52g/t.
The consistent mineralization along the Leo Grand Shear Zone suggests potential for a large-scale system.
The company, which recently acquired the 265-square-kilometre project, plans to drill 3,000 more meters along the Leo Grande trend and then target the nearby Goldfinger prospect.
Despite the district’s history of producing over 6.5 million ounces of gold, much of the area remains underexplored.
With gold prices near record highs above $5,000 per ounce, the exploration efforts are gaining momentum, and management says the current results are just the beginning.
Moonlight Resources encontró oro de alta calidad en los 14 agujeros de perforación en su proyecto de Queensland, lo que indica un gran potencial.