High-Grade Gold-Copper Lode Discovery at Kundip
| Stock | Medallion Metals Ltd (MM8.ASX) |
|---|---|
| Release Time | 15 Jun 2026, 9:16 a.m. |
| Price Sensitive | Yes |
Medallion Metals Discovers High-Grade Gold-Copper Lode at Kundip
- New high-grade gold-copper lode discovered at Kundip
- Significant assays from DD26KP1243 include 13.5m @ 3.3g/t Au, 5.1% Cu, 26.0g/t Ag (7.7g/t AuEq)
- DHEM surveying identifies several highly conductive targets
- Further drilling planned in 2H CY2026
Medallion Metals Limited (ASX:MM8) announces new results from drilling at the Kundip Mining Centre, part of the Ravensthorpe Gold Project. The results confirm the presence of a significant new high-grade sulphide lode position in the footwall of the Gem deposit, referred to as Hillsborough Deeps. Significant assays from extensional drillhole DD26KP1243 include 13.5m @ 3.3g/t Au, 5.1% Cu, 26.0g/t Ag (7.7g/t AuEq) from 379.9m and 11.7m @ 3.5g/t Au, 2.2% Cu, 8.2g/t Ag (5.3g/t AuEq) from 440.0m, including 4.7m @ 7.2g/t Au, 3.9% Cu, 14.4g/t Ag (10.5g/t AuEq) from 446.9m. Downhole Electro-Magnetic (DHEM) surveying has identified several highly conductive targets adjacent to drilling, indicating that Hillsborough Deeps and Harbour View lodes remain open along strike and at depth. Further drilling is planned in the second half of calendar year 2026 to test and expand Hillsborough Deeps and the multiple newly identified DHEM targets.