Medallion Metals Reports High-Grade Drilling Results at Ravensthorpe
Key points
- High-grade results strengthen confidence in Kundip mineralised system
- Gem deposit extended to the east and at depth
- Significant assays include 4.92m @ 15.5 g/t Au, 0.9% Cu
Full summary
Medallion Metals Limited (ASX:MM8) reports new drilling results from the Kundip Mining Centre (KMC) at the Ravensthorpe Gold Project. The drilling highlights the broader growth potential of the deposit at depth and increases confidence in the early mine plan. Significant intersections include 4.92m @ 15.5 g/t Au, 0.9% Cu (16.3g/t AuEq) and 3.29m @ 16.5 g/t Au, 0.6% Cu (17.1g/t AuEq). Managing Director Paul Bennett commented that these results reinforce the view that the Kundip Mining Centre has significant long-term growth potential.
Outlook
The latest drilling extends known mineralisation at Gem and provides further support for the interpreted Hillsborough Deeps position, highlighting the potential for additional mineralisation beneath the current Mineral Resource at the Kundip Mining Centre (KMC).
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