M3 Mining (ASX:M3M) has planned a field of operations across both of its wholly owned projects in Western Australia, namely the Edjudina Gold and Victoria Bore projects.
At Edjudina, the company has designed an aircore drilling program to test a ‘significant’ gold-in-soil anomaly discovered at the project, as well as drill test 3 ‘high priority’ targets within a broad 7km trend.
Due to rainfall, the program start date has been delayed. M3 Mining says drilling will begin as soon as conditions allow it to do so.
Meanwhile at Victoria Bore, a follow-up soil sampling program is planned to extend recently uncovered regional base metal anomalism, as well as further investigate 2 ‘high priority’ copper targets along with additional untested targets.
Executive Director Simon Eley says subject to weather conditions, the team will be carrying out these programs in the near future.
“The recent interest in copper supply issues as well as the increasing gold price, underlines the efforts of the company to realise the potential at both of M3 Mining’s projects.”
Alongside its current projects, M3 Mining is progressing towards securing an advanced overseas energy project. The company is currently progressing discussions in relation to securing the assets. Subject to receiving approvals, the company will make an announcement to the market.
M3 Mining is a Perth-based mineral explorer focused on the exploration and development of base metal and gold exploration.
As of 31 December 2023, the company had about $1.933 million cash and cash equivalents at hand, according to its latest half year financial report.
Write to Aaliyah Rogan at Mining.com.au
Images: M3 Mining
