Medallion Metals Announces High-Grade Gold Results at Lounge Lizard
Key points
- Medallion Metals reports significant high-grade gold intersections at Lounge Lizard
- Integration of historical drilling enhances geological interpretation
- Potential to extend mine life and increase production rates
Full summary
Medallion Metals Limited (ASX: MM8) reports more exceptional high-grade gold results from the ongoing extraction and validation of previously unreleased historical drilling at the Lounge Lizard gold deposit. The latest release includes significant high-grade intersections beneath the historical open pit and surrounding areas. Integration of legacy drilling into 3D geological modelling confirms predictable structural controls on high-grade mineralisation, enhancing exploration efforts. The company is planning further drilling and re-sampling to confirm and extend mineralisation. Initial Mineral Resource Estimate for the Forrestania Gold Project is targeted for Q3 2026.
Guidance
Initial Mineral Resource Estimate for Forrestania Gold Project targeted for Q3 2026
Outlook
Lounge Lizard has the potential to become a near-term production source, supporting future production growth across Forrestania.
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