- M3 Mining (M3M) has identified gold-in-soil anomalies at the Edjudina gold project in WA
- The company completed a soil sampling program over a combined strike of 9000 metres across multiple prospects to the east of the project
- This work identified the continuation of gold trends as well as key pathfinder elements, and also defined a new gold trend to the east in an area which hasn’t been drilled
- M3 Mining plans to conduct a maiden drilling program to follow up on sampling and test the wider mineralisation potential across its tenement package
- Company shares end the day 12.5 per cent in the green at 13.5 cents
M3 Mining (M3M) has identified prospective gold-in-soil anomalies at the Edjudina gold project 150 kilometres northeast of Kalgoorlie, Western Australia.
The company undertook a soil sampling program which collected nearly 1400 samples over a strike length of 9000 metres which covered section of the eastern tenements at Edjudina.
According to M3 Mining, soil sampling successfully identified the continuation of the gold anomalous trends that are associated with known gold mineralisation to the south. The work also identified pathfinder elements such as arsenic, antimony, barium, sulphur, manganese and zinc.
Interestingly, sampling defined a new gold trend to the east within felsic volcanics which has never seen previous drilling.
Executive Director Simon Eley said the results and subsequent analysis are “very promising” and confirms the tenements contain extensions of the mineralised trends from the gold prospects to the south.
“The presence of gold in addition to other key elements is encouraging and presents us with multiple drill ready targets,” Mr Eley said.
M3 Mining plans to conduct a maiden drilling program to test targets identified in recent sampling and test the wider mineralisation potential across its tenement package.
The aircore drilling program will cover between 5000 and 10,000 metres and is set to begin some time this quarter.
Company shares ended the day 12.5 per cent in the green at 13.5 cents.