Medallion Metals Drills Harbour View Extension
THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported assay results from recent drilling undertaken at the company’s Ravensthorpe gold project in Western Australia.
The latest results stem from diamond drilling completed at the Harbour View deposit within the project’s Kundip Mining Centre (KMC).
Medallion Metals explained the step out drilling was carried out to test both the periphery and beyond the limit of the existing Mineral Resource Estimate (MRE) at the Harbour View deposit.
Continued high-grade gold and copper results were achieved, reinforcing potential at depth and along strike.
Highlights include:
DD22KP1149
7.15 metres at 3.61 grams per tonne gold, 1.55 per cent copper, 7.69g/t silver from 142.37m;
DD22KP1092
6m at 3.56 g/t gold, 0.1 per cent copper, 3 g/t silver from 43m;
DD21KP1073
3.43m at 5.68 g/t gold, 2.07 per cent copper, 17 g/t silver from 207.3m; and
DD21KP1073
5m at 3.16 g/t gold, 0.84 per cent copper, 5.3 g/t silver from 41m.
“These assays, which confirm previously reported visual results, demonstrate the significant depth and plunge extensions of the Harbour View and May structures and build further confidence in the structural and geological continuity of the deposit,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.
“Shareholders should expect to see further resource growth in this area following these results and further drilling planned for the area.”
The KMC hosts Mineral Resources totalling 16.5 million tonnes at 2.1g/t gold and 0.3 per cent copper for 1.1 million ounce of gold and 50,000 tonnes of copper metal contained.
The KMC mineralised system extends over 2.5 kilometres and remains open at depth, along strike and is shallowly drilled.
Medallion has drilling scheduled to recommence Ravensthorpe gold project in September 2022 that will be targeting extensions to established Mineral Resources at the Gem and Harbour View deposits in addition to priority near mine and regional targets.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Web: www.medallionmetals.com.au
