Mt Malcolm Mines Confirms High-Grade Near Surface Gold at Golden Crown

THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) declared recent drilling results had greatly progressed exploration at the company’s Golden Crown prospect near Leonora in Western Australia.

Mt Malcolm Mines received assay results for recently carried out Reverse Circulation (RC) drilling focused on a target corridor, specifically targeting areas the company had identified through geological modelling as potential hosts for plunging ore shoots.

The drilling returned the highest ever recorded intersection from Golden Crown of:

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6 metres at 24.45 grams per tonne gold (12-18m) within a broader mineralised high-grade zone of 10m at 15.4g/t gold (10-20m), including 2m at 51.07g/t gold (16-18m), which included 1m at 60.55g/t gold (17-18m) and 2m at 5.05g/t gold (5-7m), including 1m at 8.07g/t gold (6-7m).

The drilling returned 16 Intercepts of greater than 5g/t gold, including seven greater than 10g/t gold, including five greater than 15g/t gold and including three greater than 3g/t gold, which Mt Malcolm said showcased the high-grade nature of the mineralisation.

“Golden Crown Prospect Resource Definition drilling results have returned the highest ever assay results within shallow mineralisation providing an ideal environment for cost effective mining operations,” Mt Malcolm Mines managing director Trevor Dixon said in the company’s ASX announcement.

“Focused work from our geological team has delivered a breath of new life into this classic old producer from a bygone era.

“We are committed to achieving critical milestones whilst advancing Golden Crown towards development.”

The company indicated the assay results from this drilling campaign will lay the basis for preparing the Maiden Mineral Resource Estimate for the prospect.

Golden Crown is the first of several key prospects within the company’s portfolio undergoing detailed exploration and project development.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE