Mandrake Resources Limited has now received final results from reverse circulation (RC) and diamond drilling at the 100%-owned Berinka Pine Creek Gold-Copper Project in the Northern Territory. Mandrake drilled a total of 11 holes for 1,131m which comprised 1,047m of RC drilling plus an 84m diamond tail of NQ2 core at FBRD014. RC sampling primarily comprised 4m composites, the results of which were released 19 October 2022.

Results have now been received for diamond core (FBRD014) and individual metre samples over mineralised intervals identified by the 4m composites results. FBRC013 was drilled at Terry's Gap to test along strike from mineralisation intersected during the 2020 RC drilling campaign. Strong oxide gold-copper mineralisation associated with weathered quartz veining and silica alteration was intersected near the top of the hole from 4m, returning 6m @ 2.3 g/t Au and 0.34% Cu which included 3m @ 3.8 g/t Au and 0.35% Cu from 7m.

Several zones of strong alteration and veining were mostly related to rafts of sheared gabbro and quartz/pyrite veining within the Ti-tree Granophyre host rock. The interval 164- 165m assayed 7.3 g/t Au. FBRD014 intersected an intense zone of carbonate crackle veining and brecciation from 88m to 110m which was clearly evident in diamond core.

Results from the core included 3m @ 0.27g/t Au from 96m. Drilling to date has defined gold mineralisation over a strike length of greater than 2km between Vegetation Anomaly and Terry's Prospect. Most of this area is under cover and there is insufficient drilling to enable a complete understanding of the extent of higher- grade zones or their controlling structures.

A further drilling programme is required to more adequately define the controls and extent of Au/Cu mineralization with further work also required to investigate Ni/PGE anomalism identified within the Sandy Creek mafic unit. This drill programme is planned for the conclusion of the 2022/2023 wet season.