Drilling Extends Lounge Lizard Gold Mineralisation
Open PDF
| Stock | Medallion Metals Ltd (MM8.ASX) |
|---|---|
| Release Time | 14 Aug 2026, 9:06 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
Medallion Metals Extends Lounge Lizard Gold Mineralisation
Key Points
- High-grade gold intercepts reported from recent drilling
- Validation of historical drilling results with higher grades
- New hangingwall lode identified
- ~6,700m drilling program planned to extend mineralisation
Full Summary
Medallion Metals Limited (ASX: MM8) has reported new results from its Slimline Reverse Circulation (RC) drilling program at the northern part of the Lounge Lizard deposit, extending known mineralisation and validating historical data. Significant intercepts include 3m at 3.61 g/t Au and 5m at 5.80 g/t Au. Historical diamond core re-assaying showed average grades approximately 20% higher than original results. The company plans to commence a 6,700m drilling program in August to further explore and extend mineralisation at Lounge Lizard.
Outlook
The company aims to continue growing its resource inventory and build a longer-term production profile through ongoing exploration and validation efforts at Lounge Lizard.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In