Medallion Metals Identifies Strong Conductors at Meridian

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported results from DHEM surveying recently undertaken at the company’s Meridian gold prospect in Western Australia.

Medallion Metals completed first pass reconnaissance drilling at the regional Meridian prospect that confirmed a mineralised system over at least 700 metres of strike, open in all directions.

The Meridian prospect is considered by the company to be a highly prospective being located 21kms along strike from the Kundip Mining Centre which already hosts a Mineral Resource Estimate of 674,000 ounces at 2.4 grams per tonne gold.

Intersections from the initial program returned high-grade near surface gold, including:

5 metres at 11.4 grams per tonne gold, 1,572ppm copper, 1.4g/t silver from 32m;

2m at 6.1g/t gold, 1,498ppm copper, 1.9g/t silver from 125m; and

4m at 2.9g/t gold, 411ppm copper, 0.1g/t silver from 58m.

Follow up geophysics has defined multiple strong downhole electro-magnetic (DHEM) conductors from surveys of three Reverse Circulation (RC) drill holes at Meridian.

“The size, strength and location of the off-hole conductors from holes RC21MR003 and RC21MR008 makes them compelling drill targets and they will be tested with the next round of drilling at Meridian in January 2022,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“The strong responses provide us with additional confidence Meridian can mature into deposit that can deliver material ounces into the Ravensthorpe Gold Project resource inventory.”