Metal Hawk Limited has released encouraging results from its maiden reverse circulation drilling campaign at its Leinster South Project in the Agnew-Lawlers region of Western Australia. The initial batch of six RC drill holes at the Thylacine prospect has confirmed the presence of bedrock-hosted gold within multiple stacked quartz veins. Notable assay highlights include several high-grade intercepts, such as 1m at 5.28 g/t gold from one of the holes, along with others reporting grades up to 4.07 g/t gold. The drill program, which has completed 22 holes across both Thylacine and the nearby Siberian Tiger targets, is now moving to focus on thicker, more robust gold zones based on these initial positive results. The technical data reveals that multiple quartz veins at Thylacine have been intersected between depths as shallow as 11m up to 125m. The programme has not only validated the geological model but also confirmed that the gold mineralisation extends at depth into the bedrock, reinforcing the prospect’s high-grade potential. The company’s geologists noted that the mapped veins dip steeply between 75° and 80° to the northeast, and that structural features such as fold hinges could represent favorable targets where vein thickness “blows out” to several metres. In addition to the promising Thylacine results, assay data is still pending for 17 RC holes drilled at the Siberian Tiger prospect. The company is also undertaking detailed downhole logging using optical and acoustic imagery to develop a structural model that could help target zones of enhanced mineralisation. With nearly $5 million in cash as of 30 June 2025, Metal Hawk Limited is well capitalised to aggressively continue its exploration programme across its tenement package. The news presents a bullish sentiment with strong early assay results indicating a fertile gold system and the potential for thicker and higher-grade gold zones. The company’s strategic focus on areas with structural thickening, combined with robust financial backing, bolsters optimism among investors. On the bearish side, the results come from the first phase of drilling, and the relatively narrow widths of some intersections suggest that further drilling is needed to fully delineate the resource. As the work progresses into more detailed structural interpretation and additional assays from Siberian Tiger are awaited, uncertainties remain about long-term continuity and scale of the mineralisation.