{"id":7092,"date":"2024-03-13T03:56:11","date_gmt":"2024-03-13T03:56:11","guid":{"rendered":"https:\/\/economicherald.net\/?p=7092"},"modified":"2024-03-13T03:56:11","modified_gmt":"2024-03-13T03:56:11","slug":"mt-malcolm-soars-to-record-heights-with-a-whopping-61-39g-t-gold-intersection-at-golden-crown","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7092","title":{"rendered":"Mt Malcolm soars to record heights with a whopping 61.39g\/t gold intersection at Golden Crown"},"content":{"rendered":"<p>Peak assay of 61.39g\/t gold returned in M2M\u2019s ongoing RC drill campaign<br \/>\nResults to be incorporated into an upcoming maiden resource estimate<br \/>\nGolden Crown is part of two-year goal of developing shallow-gold mining opportunities<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Mt Malcolm Mines has turned up the highest gold intersection ever recorded \u2013 a whopping 61.39g\/t \u2013 at its Golden Crown prospect near Leonora.<\/strong><\/p>\n<p>Golden Crown is the first of several prospects within <a href=\"https:\/\/stockhead.com.au\/company\/mt-malcolm-mines-m2m\/\"><strong>Mt Malcolm\u2019s (ASX:M2M)<\/strong><\/a> portfolio currently undergoing detailed exploration with an overall objective of building a high-grade resource out in the WA Goldfields.<\/p>\n<p>Based on previous data, M2M believes Golden Crown can produce 42,000-79,000oz when it formulated its exploration target for the historical prospect in September last year.<\/p>\n<p>The explorer is working tirelessly towards a maiden resource with <a href=\"https:\/\/stockhead.com.au\/resources\/visible-gold-puts-a-spring-in-m2ms-step-on-the-journey-to-a-maiden-resource-at-golden-crown\/\"><strong>visible gold cropping up from shallow depths<\/strong><\/a> across numerous intersections.<\/p>\n<p><strong>\u00a0 <\/strong><\/p>\n<h2><strong>High-grade intercepts<\/strong><\/h2>\n<p>RC drilling focused on a 150m x 120m target corridor identified from geological modelling where M2M reckons can potentially host plunging ore shoots with 60 holes across 2,772m completed this year.<\/p>\n<p>Assays revealed notable high-grade intercepts including a peak assay of 1m @ 61.39g\/t gold between 16-17m and five intercepts of &gt;15g\/t gold, while 15 of the total of 60 exceeded 5g\/t \u2013 showcasing the nature of the mineralisation.<\/p>\n<p>Of note, this includes 6m @ 24.45g\/t gold (12-18m) within a broader mineralised high-grade zone of 10m @ 15.40g\/t gold (10-20m), including 2m @ 51.07g\/t gold (16-18m) in drillhole 24GCRC060.<\/p>\n<p>Plans for extension drilling are under way that could uncover potential deeper and along-strike mineralisation at the prospect.<\/p>\n<p>\u00a0<\/p>\n<p>Recent high-grade gold hits at Golden Crown. Pic: Supplied (M2M)<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Breathing new life into Golden Crown<\/strong><\/h2>\n<p>\u201cGolden 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,\u201d M2M managing director Trevor Dixon says.<\/p>\n<p>\u201cFocused work from our geological team has delivered a breath of new life into this classic old producer from a bygone era.<\/p>\n<p>\u201cWe are committed to achieving critical milestones whilst advancing Golden Crown towards development.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Mt Malcolm Mines, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/mt-malcolm-soars-to-record-heights-with-a-whopping-61-39g-t-gold-intersection-at-golden-crown\/\">Mt Malcolm soars to record heights with a whopping 61.39g\/t gold intersection at Golden Crown<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Peak assay of 61.39g\/t gold returned in M2M\u2019s ongoing RC drill campaign Results to be incorporated into an upcoming maiden resource estimate Golden Crown is <a href=\"https:\/\/economicherald.net\/?p=7092\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7093,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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