Mt Malcolm Mines Producing Gold Sales from Golden Crown Bulk Sampling

THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) continues to produce gold recoveries of note from the company’s Golden Crown prospect in Western Australia.

The Golden Crown prospect is part of the company’s Malcolm project located near Leonora in WA, a region is known for rich gold deposits and a history of mining operations.

Mt Malcom Mines 2024 drilling programs identified a mineralised corridor measuring 50m in length and 15m in width characterised by high-grade gold mineralisation and visible gold occurrences.

The company has also been undertaking bulk sampling excavation at Golden Crown, resulting in the processing on stockpiles left by previous owners that is now achieving gold recoveries healthy enough to be generating substantial revenue.

In January, Mt Malcom produced 95.54 ounces (2,972g) of doré from the processing of 200 WMT (Wet Metric Tonne) of ultra high-grade material using wet gravity recovery.

Doré sales to The Perth Mint generated $835,462 with gold purity ranging from 85.6 per cent to 94.5 per cent gold.

“The successful completion of the bulk sampling excavation program with no loss time injuries (LTI) at Golden Crown marks a major milestone for Mt Malcolm,” Mt Malcom Mines managing director Trevor Dixon said in the company’s ASX announcement.

“The recovery of gold doré through gravity processing strengthened our confidence in the economic potential of the prospect.

“As processing continues our forward focus will turn to advancing resource estimations, evaluating monetisation options for stockpiled material, and optimising future mining strategies at Golden Crown.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE