An additional 8500 metres have also been pencilled in to give two standout satellite targets a proper shake.
The first, aptly dubbed Gold Finger, sits within an east-west-trending siliceous zone with outcropping quartz veins in a pyritic, chlorite-altered schist. Limited drilling to date has turned up impressive near-surface hits, including 18m grading 3.5g/t gold and 8m running at 6.54g/t gold.
The second target, Petersens, lies 3km north of Leo Grande on a parallel shear that has proven equally persuasive, with shallow strikes of 9m grading 3.5g/t gold and a broader 35m running at 1.75g/t gold.
Despite the early success of the 1990’s, both targets remain virtually untouched below the oxide zone.
Backed by a buoyant gold price and a prime patch of underexplored tenure, Moonlight Resources has entered the ASX fray with momentum and a full drill docket. With exploration gathering pace, investors will be keen to see what else the curiously named junior explorer advances under the glow of moonlight.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
