Gold and copper explorer M3 Mining (ASX:M3M) has concluded its expedited drilling program at the Edjudina Gold Project in Western Australia.
The $7.44-million-market-capitalisation company completed the program on 30 June 2023, with 74 holes drilled for 3,182m.
M3 reports drilling was following up on mineralisation intercepted in previous programs. Some of these intercepts include hole EDJAC164 with 20m @ 5.7g/t Au from 24m, including 12m @ 9g/t Au from 24m; and hole EDJAC165 with 4m @ 1.7g/t Au from 4m.
Commenting on the completion of the drilling, M3 Mining Executive Director Simon Eley says: “M3 Mining is pleased to share that the expedited drill program at Edjudina has concluded.
The program was designed to test north and south extensions following the results from the initial scout drilling campaign as a precursor, subject to results, a RC program to test the potential depth of mineralisation.
“M3 Mining is pleased to share that the expedited drill program at Edjudina has concluded”
Mechanical issues with the rig along with the implementation of new legislation by the WA state government meant that the target of 4,000m for the program was not met.”
M3 Mining is a Perth-based mineral exploration company focused on the exploration and development of its copper and gold exploration portfolio.
As of 31 March 2023, M3 Mining had $3.3 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: M3 Mining Ltd
