Mt Malcolm Mines (ASX:M2M) is building upon recent ‘encouraging’ assay results and has reaffirmed its dedication to unlocking the full potential of the Golden Crown prospect.
The company intends to proceed with resource estimation work at Golden Crown, utilising recent exploration data and drilling results received to date to delineate a Mineral Resource Estimate (MRE) on the prospect in a timely manner.
Furthermore, Mt Malcolm Mines plans to conduct metallurgical studies to assess the recoverability of gold from the ore at Golden Crown.
These studies will involve comprehensive testing to determine the optimal processing methods and recoveries, providing valuable insights into the project’s economic viability. Additionally, waste rock characterisation studies are planned to evaluate the potential environmental impacts associated with mining operations at Golden Crown.
By understanding the composition and behaviour of waste rock materials, Mt Malcolm Mines seeks to implement sustainable waste management practices that minimise the environmental footprint and ensure regulatory compliance.
Golden Crown is the first of the company’s key prospects earmarked to build a ‘high-grade’ resource base focused on the company’s 2-year goal of developing a sustainable production base from shallow mining opportunities.
A recent drill program was designed to explore the Exploration Target Zone, with an estimated range of 120-150,000 tonnes at an average grade between 10-15g/t Au for a contained 42,000 and 79,000 ounces of gold.
Assay results returned the highest ever recorded intersection from Golden Crown, with 6m @ 24.45g/t Au (12-18m) within a broader mineralised high grade zone of 10m @ 15.40g/t Au (10-20m) including 2m @ 51.07 g/t Au (16-18m), which included 1m @ 60.55g/t Au (17-18m) and 2m @ 5.05g/t Au (5-7m) including 1m @ 8.07g/t Au (6-7m) in drillhole 24GCRC060.
Write to Adam Orlando at Mining.com.au
Images: Mt Malcom
