Posts

Medallion Metals Reports Gem Deposit Gold Hits

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported latest results from drilling at the Gem deposit part of the Kundip Mining Centre (KMC) within the company’s Ravensthorpe gold project (RGP) in Western Australia.

The Gem deposit hosts Medallion Metals’ current JORC 2012 Minerals Resources Estimate (MRE) of 674,000.

Highlights include:

RC21KP1056
11m at 10.2 grams per tonne gold, 0.03 per cent copper, 0.5g/t silver from 36m, including 3m at 35.9g/t gold, 0.15 per cent copper, 3.6g/t silver from 36m;

24m at 3.8g/t gold, 0.01 per cent copper, 0.3g/t silver from 127m, including 5m at 10.7g/t gold, 0.03 per cent copper, 0.4g/t silver from 139m;

19m at 1.6g/t gold, 0.1 per cent copper, 1g/t silver from 157m; and

RC21KP1047
8m at 4g/t gold, 0.09 per cent copper, 0.9g/t silver from 134m;
11m at 1.2g/t gold, 0.04 per cent copper, 0.5g/t silver from 168m.

The Gem prospect is located at the northern end of KMC where drilling resumed in early January 2022.

Medallion intends to target the KMC deposits in the coming months, in conjunction with a regional drilling program that will includes follow up drilling at the Meridian and Ariel targets.

The company anticipates the announcement of a global MRE update in the March quarter of 2022.

“This is a great start to 2022, which will be a defining year for Medallion,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“These results continue to demonstrate the continuity of broad zones of mineralisation at the western end of Gem at shallow depths.

“The combination of grade and width demonstrate the potential for this area to deliver material additions to the existing 674,000 ounce gold resource at Kundip.

“From what we are observing in the drilling and geophysics, the trend appears open and therefore Gem is a high priority target as we start the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medalionmetals.com.au

 

Web: www.medallionmetals.com.au

 

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:

RC21MR009
5 metres at 11.4 grams per tonne gold, 1,572ppm copper, 1.4g/t silver from 32m;

RC21MR003
2m at 6.1g/t gold, 1,498ppm copper, 1.9g/t silver from 125m; and

RC21MR008
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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Medallion Metals Eyes Potential of Harbour View

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported drilling results from the Harbour View deposit, part of the Kundip Mining Centre (KMC) within the company’s Ravensthorpe gold project (RGP) in Western Australia.

The KMC currently hosts Medallion’s JORC 2012 Mineral Resource Estimate (MRE) of 674,000 ounces of gold.

The Harbour View prospect is in the central area of KMC, around which drilling is ongoing to support a global MRE update which is expected to be completed in the March quarter of 2022.

The assay results from drilling at the Harbour View deposit returned high-grade gold and copper intercepts, including:

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

RC21KP1001
3m at 9.19g/t gold, 0.15 per cent copper, 3.42g/t silver from 69m;

DD21KP993
1.97m at 5.13g/t gold, 2.62 per cent copper, 47.58g/t silver from 276.63m;

RC21KP990
2m at 4.52g/t gold, 1.32 per cent copper, 14.95g/t silver from 29m;

DD21KP993
0.35m at 16.1g/t gold, 1.40 per cent copper, 5.4g/t silver from 334.28m; and

RC21KP1002
3m at 1.91g/t gold, 0.26 per cent copper, 2.08g/t silver from 80m.

The company indicated that hole DD21KP997 extended a copper rich high-grade sulphide zone 80m beyond previous copper hits, and beyond the margins of the current Mineral Resource.

“The first results from the Harbour View deposit are extremely positive,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Intercepts at the southern end of the deposit represent substantial depth and plunge extensions beyond previous drilling.

“Additionally, the copper grade in DD21KP997 highlights the potential for copper to enhance project economics.

“At the northern end we’ve recorded significant shallow high-grade strike extensions on the Harbour View splays.

“These major step outs from the existing drilling further increase our confidence the project resources will undergo a significant upgrade in early 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Medallion Metals Drills Strong Infill Gold Results at Ravensthorpe

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported further results from drilling at the Kaolin deposit, part of the Kundip Mining Centre (KMC) within the company’s Ravensthorpe gold project in Western Australia.

The Kundip Mining Centre hosts the company’s current JORC 2012 Mineral Resource Estimate of 674,000 ounces of gold.

Recent RC drilling has confirmed a broad zone of mineralisation with strong continuity to surrounding drilling at the western end of Kaolin deposit, returning results of:

RC21KP1050
20 metres at 2.57 grams per tonne gold, 0.14 per cent copper, 2.25g/t silver from 38m, including 9m at 2.6g/t gold, 0.03 per cent copper, 0.91g/t silver from 71m and 8m at 3.4g/t gold, 0.30per cent copper, 4.48g/t silver from 83m; and

RC21KP1049
34m at 1.56g/t gold, 0.2 per cent copper, 2.06g/t silver from 91m, including 21m at 1.45g/t gold, 0.1 per cent copper, 0.84g/t silver from 91m and 11m at 2.01g/t gold, 0.42per cent copper, 4.92g/t silver from 114m.

Mineralisation remains open at Kaolin down-dip to the south and down-plunge to the southwest with extensional drilling in progress.

Deeper stratigraphic drilling has identified multiple mineralised intersections the company has interpreted as down-dip from both the Kaolin and Harbour View prospects.

“These results are significant in two key respects,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Firstly, the continuity of the broad zones of mineralisation at the western extent of Kaolin provide confidence that material additions to the existing 674,000 ounce gold resource at RGP can be expected from this area.

“The widths and grades are amenable to open pit mining and we’re confident this will lead to extensions of the existing pit design at depth and along strike.

“Secondly, the deep stratigraphic holes into the projected intersection of the Kaolin and Harbour View corridors confirm the system is open to a depth of at least 350 metres below surface.

“When Medallion commenced this drill program in April 2021, the average depth of drilling at KMC was 85 metres below surface and we are now starting to see the potential of the area begin to emerge.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medalliometals.com.au

 

Paul Bennett Medallion Metals (ASX: MM8) October 2021

Medallion Metals (ASX: MM8) has just spun out its nickel assets to allow the company to concentrate on its gold portfolio in Western Australia where drilling keeps returning impressive results. Before heading down to the South West Connect Conference, Medallion managing director Paul Bennett zoomed into The Resources Roadhouse to give Wally Graham the lowdown on the company’s progress.