Medallion Metals Step Out Hole Intersects Visual Mineralisation

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) has encountered visual gold in diamond drilling recently undertaken at the Harbour View and May deposits that are part of the company’s Kundip Mining Centre (KMC) in Western Australia.

Medallion Metals completed step out holes targeting extensions to the Harbour View and May lodes that intersected visual quartz-sulphide mineralisation up to 180 metres from closest previous drilling.

The company declared the intersections to be characteristic Kundip style quartz-pyrite-chalcopyrite veins that indicate an extension to known mineralisation, with the nearest holes returning:

DD21KP997
2.38 metres at 4.26 grams per tonne gold, 7.19 per cent copper, 37.35g/t silver from 231.22m; and

DD18KP884
1.75m at 4.08g/t gold, 17.94 per cent copper, 40.4g/t Ag from 173.0m.

The Harbour View deposit is situated in the central area of KMC within the company’s greater Ravensthorpe gold project (RGP).

Medallion Metals said the visual estimations of mineralisation intersected by the diamond drilling at Harbour View South lode have confirmed an approx. 180 metres strike extension to the south, validating the company’s current geological model.

“These outstanding visual results are evidence of significant extensions of the Harbour View and May structures and provides further confidence in the structural and geological continuity of mineralisation,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Our project team is developing an excellent handle on what is controlling this system and these results demonstrate our ability to materially extend mineralisation quickly and efficiently.

“Subject to assay results, shareholders should expect to see further resource growth in this area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

Web: www.medallionmetals.com.au