{"id":4886,"date":"2024-01-25T01:50:18","date_gmt":"2024-01-25T01:50:18","guid":{"rendered":"https:\/\/economicherald.net\/?p=4886"},"modified":"2024-01-25T01:50:18","modified_gmt":"2024-01-25T01:50:18","slug":"mt-malcolm-mines-to-put-more-shine-into-golden-crown-with-upcoming-maiden-resource","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4886","title":{"rendered":"Mt Malcolm Mines to put more shine into Golden Crown with upcoming maiden resource"},"content":{"rendered":"

Mt Malcolm Mines starts RC drilling to define a maiden gold resource at Golden Crown
\nGolden Crown has historical high-grade gold production and drill intersections
\nShallow drill target envelope identified follows dip of volcanic stratigraphy and exploration target<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> Mt Malcolm Mines has started reverse circulation drilling at its brownfields Golden Crown gold prospect to advance its strategy of building high-grade resources to support a sustainable production base.<\/strong><\/p>\n

Golden Crown is a historical gold producer, previously churning out 1,720oz at a very high-grade of 29g\/t gold from several stopes and shafts.<\/p>\n

Since production ceased, it has been subject to relatively minor exploration, including limited shallow drilling by companies such as Jubilee Gold Mines, North Ltd and Melita Mining.<\/p>\n

Such historical drilling returned top intersections including:<\/p>\n

4m @ 10.4g\/t gold from 32m;
\n4m @ 5.01g\/t gold from 17m; and
\n8m @ 3.2g\/t gold from 29m.<\/p>\n

Given the historical production and drill results, Mt Malcolm Mines (ASX:M2M)<\/strong><\/a> has already pencilled in an exploration target<\/strong><\/a> of up to 150,000t @ 15g\/t gold for Golden Crown.<\/p>\n

The fact the prospect sits within the mineral-rich Leonora region \u2013 widely regarded as a Tier-1 gold province with numerous multimillion ounce mines \u2013 is just another reason for the company to be excited about its potential.<\/p>\n

It is certainly enough to propel Golden Crown to the top of its prospects earmarked for model review and drill planning, as part of the company\u2019s strategy to build a high-grade resource base and two-year objective of developing a sustainable production base from progressing shallow mining opportunities.<\/p>\n

\u00a0<\/p>\n

Cross section looking obliquely east with existing drill traces and identified mineralised envelopes. Pic: Supplied (M2M)<\/p>\n

\u00a0<\/p>\n

Drilling to establish maiden resource<\/strong><\/h2>\n

Following data compilation, inaugural drill campaigns, geochemical analysis and surface mapping, M2M has identified a shallow drill target envelope at Golden Crown.<\/p>\n

Geological modelling indicates new, shallow, north-plunging hanging wall ore shoots, which represent a 100m wide target corridor following the dip of the volcanic stratigraphy and the proposed exploration target.<\/p>\n

The closed-spaced (8x12m) program of 65 holes totalling 2,475m will test these gold lodes and extensions with the goal of defining a maiden resource.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Mt Malcolm Mines, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Mt Malcolm Mines to put more shine into Golden Crown with upcoming maiden resource<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Mt Malcolm Mines starts RC drilling to define a maiden gold resource at Golden Crown Golden Crown has historical high-grade gold production and drill intersections [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4887,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nMt Malcolm Mines to put more shine into Golden Crown with upcoming maiden resource - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4886\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mt Malcolm Mines to put more shine into Golden Crown with upcoming maiden resource - 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