Medallion Metals (ASX:MM8) reports the planned 10,000m drill program at the flagship Ravensthorpe Gold Project in Western Australia was launched on 24 September.
The 10,000m reverse circulation (RC) and diamond drilling (DD) program will be undertaken at the Kundip Mining Centre (KMC), which is host to the company’s JORC 2012 Mineral Resource Estimate (MRE) of 1.1Moz of gold, and 50,000t of copper metal contained.
The Gem and Harbour View deposits made the most significant contributions to the growth of the MRE in June 2022, and this ‘aggressive’ drill program has been designed to target depth and strike extensions of these two highly prospective mineralised systems.
Of particular interest, a number of drillholes will also test the area where the Harbour View and Flag lodes are projected to intersect, a high ranking conceptual target.
Several holes to the west of Gem and Harbour View will target shallow SAM geophysical anomalism. The majority of drilling is targeting areas well outside the limits of current MRE boundaries.
Success in demonstrating that the Gem and Harbour View structures extend to the target positions, has the potential to have a significant positive impact on the KMC MRE.
Medallion Metals Managing Director Paul Bennett said it is an exciting time for the company and its shareholders with drilling underway once again at Kundip.
“The previous round of drilling will continue to drive growth in mineral resources and just as importantly that work provides a platform from which to launch this next round of aggressive drilling.
The team has done an outstanding job and are well prepared for this next phase of growth at Kundip.
“Medallion has momentum with drill results pending, another resource update due before the end of the year and then the results flow from this upcoming work”
Medallion has momentum with drill results pending, another resource update due before the end of the year and then the results flow from this upcoming work.”
Medallion Metals is a minerals exploration company based in Perth Western Australia.
The company is focused on increasing the established resources at its 100% owned Ravensthorpe Gold Project, located 500km southeast of Perth.
Located in a historically proven mineral field, the Ravensthorpe Gold Project represents an exciting belt scale advanced exploration opportunity which Medallion is confident will one day support a ‘long life, low cost’ gold mine.
Images: Medallion Metals Ltd
