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- Medallion Metals (MM8) reports “exciting” visual results from diamond drilling at the Harbour View deposit, part of the Kundip Mining Centre in Western Australia
- The company undertook major step out holes to target extensions to the Harbour View and May lodes, which intersected visual quartz-sulphide mineralisation
- The company says the drilling validates the structural geological model and shows the system is expansive and capable of delivering material resource growth
- Assays are still pending for the work, with around 13,000 metres of drilling yet to be reported
- Medallion Metals last traded at 28 cents per share on June 6
Medallion Metals (MM8) has reported “exciting” visual results from diamond drilling at the Harbour View deposit, part of the Kundip Mining Centre in Western Australia.
The company undertook major step out holes to target extensions to the Harbour View and May lodes. These holes, located 180 metres from a previous drilling area, intersected visual quartz-sulphide mineralisation.
Medallion said the intersections display characteristic Kundip-style quartz-pyrite-chalcopyrite veins and indicate a significant extension to the known mineralisation, with the nearest holes returning 2.38 metres at 4.26 grams of gold per tonne (g/t gold), 7.19 per cent copper and 37.35 g/t silver from 231.22 metres.
The company said the drilling validates the structural geological model and shows the system is expansive and capable of delivering material resource growth.
Managing Director Paul Bennett said the visual results are evidence of significant extensions of the Harbour View and May structures, which gives the company further confidence in the structural and geological continuity of mineralisation.
“Our project team is developing an excellent handle on what is controlling this system and these results demonstrate our ability to materially extend mineralisation quickly and efficiently,” Mr Bennett said.
“Subject to assay results, shareholders should expect to see further resource growth in this area.”
Assays are still pending for the work, with around 13,000 metres of drilling yet to be reported.
Medallion Metals last traded at 28 cents per share on June 6.
