Manhattan Corporation (ASX:MHC) is seeking exploration access to tenement E28/1898 within its Ponton uranium project 200 kilometres from Kalgoorlie in Western Australia.
On gaining exploration access to E28/1898, Manhattan will recommence drill testing and evaluation of the Double 8 uranium deposit and exploration targets identified at Double 8, Stallion South, Ponton, and Highway South.
Double 8 has an exploration target of between 2.5 and 5.5Mlb uranium; Stallion South, 8 to 16Mlb uranium; Highway South, 8 to 16Mlb uranium; and Ponton between 15 and 30Mlb uranium.
Upon approval of Manhattan’s Program of Work by the Department of Mines and Petroleum, the Company plans to complete 200 aircore drill holes for 16,000 metres.
This infill resource definition drilling will be conducted along a prospective palaeochannel within the inferred resource area at Double 8, and will take around 12 months to complete.
Manhatten is modestly valued at its current $5 million market cap.
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