Medallion Metals Moots Meridian Regional Potential

THE DRILL SERGEANT: Medallion Metals (ASX:MM8) reported further drilling results from outside the current Minerals Resource Estimate at the company’s Kundip Mining Centre (KMC) near Ravensthorpe in Western Australia.

Medallion Metals received results from Phase 2 drilling undertaken at the regional Meridian prospect that is situated approx. 21 kms along strike from the KMC, which hosts the current JORC 2012 MRE of 1.4 million ounces at 2.6 grams per tonne gold equivalent.

Medallion considers the latest results to reinforce the multi-million ounce potential of the Ravensthorpe gold project with recent intercepts including:

DD22MR023
3.5 metres at 17.45 grams per tonne gold, 0.26 per cent copper, 3.12g/t silver from 133m; and

RC22MR024
8m at 3.45g/t gold, 0.27 per cent copper, 5.81g/t gold from 122m.

“The positive results from second phase drilling at Meridian are very encouraging,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“As well as the high grades we’re seeing sulphides and anomalous gold in all the holes demonstrating the structures are open.

“Drilling remains wide spaced so we have confidence Meridian is a mineralised system with scale and there is plenty of scope to expand.

“Located over 21 kilometres along strike from the 1.4 million ounce gold equivalent resource at Kundip, Meridian reinforces the multi-million ounce potential of Medallion’s dominant landholding across the Annabelle volcanics.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au