Mt Malcolm Mines reports 111g/t at historic Golden Crown prospect in WA
Company recently reported initial recoveries of 63.4% from simple gravity processing
Further drilling and bulk sampling planned
Special Report: Mt Malcolm Mines has announced exceptional gold results including a whopping 1m at 111g/t gold from recent grade control RC drilling at its Golden Crown Prospect in WA.
This comes after news last week that an initial sample processing study at the prospect had returned an average 63.4% gold recovery – highlighting a strong correlation between higher average grades of gold and improved gold recovery.
In February, RC drilling already picked up a well-defined mineralised area with results returning a peak assay of 1m grading 61.39g/t gold between 16-17m, providing a foundation for resource estimates.
Now further grade control drilling has returned:
14m at 16.78g/t Au from 4m, including 1m at 111g/t Au, and 6m at 36.75g/t Au
9m at 21.12g/t Au from 12m, including 1m at 65.66g/t Au, and 4m at 37.87g/t Au
9m at 15.77g/t Au from 9m, including 1m at 50.16g/t Au, and 5m at 26.89g/t Au
4m at 11.75g/t Au from 4m, including 1m at 32.82g/t Au, and 2m at 21.86g/t Au
4m at 3.35g/t Au from 8m, including 1m at 8.75g/t Au; and,
1m at 6.69g/t Au from 5m, and 3m at 1.9g/t Au from 10m.
Results support mining potential
Previous work by Mt Malcolm Mines (ASX:M2M) has delivered an exploration target at the historically producing prospect of between 120,000t and 150,000t grading from 10g/t to 15g/t gold, or about 42,000-79,000oz of gold.
The company says these latest findings confirm robust high-grade mineralisation at Golden Crown, highlighting its potential for low-impact, small-scale mining operations.
“The grade control drilling results have significantly boosted our confidence in the upcoming bulk sampling and the overall mineralisation at Golden Crown,” managing director Trevor Dixon said.
“This drilling campaign has not only confirmed high-grade mineralisation within the sampling area but also provided valuable insights into grade distribution.
“These results are crucial for delineating the bulk sampling grade and assisting in planning for future drilling.”
Site preparation is currently ongoing for a bulk sampling program, which will target a mineralised corridor measuring 50m x 15m that was identified through the RC drilling campaign in February.
This article was developed in collaboration with Mt Malcolm Mines, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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