| Announcement Date: | 2022-02-01 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Medallion Metals Ltd. |
| Project name: | Kundip |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Drilling results incl. 16m @ 8.95g/t Au, 0.1% Cu, 0.5g/t Ag from 36m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Medallion Metals Limited (ASX:MM8, the Company or Medallion) is pleased to report further results from drilling at the Harbour View deposit, part of the Kundip Mining Centre (KMC) which hosts the Company’s current JORC 2012 Mineral Resource Estimate (MRE) of 674,000 oz1 . Harbour View is located in the central area of KMC within the greater Ravensthorpe Gold Project (RGP)(Figures 1 & 6). The Harbour View deposit strikes north-northeast for ~1km through the central part of KMC. The geology consists of andesitic to dacitic volcaniclastics with minor andesite and rhyolite lavas units. Mineralisation is hosted in sub-vertical, parallel sulphide-quartz veins within a chloritic shear zone. Shallow southeast dipping, east-northeast striking cross lodes are observed extending from Harbour View at May and Omaha (Figure 1). Harbour View The 2021 drilling programme continues to add confidence to the continuity and high-grade tenor of the resource model at Harbour View North (HVN). New drill intercepts from the HVN area (>5 gram x metre) are shown in Figures 2 and 3 in the context of the overall KMC as it relates to results reported in 2021, 2022 and historically. For further information regarding Harbour View drilling results reported in 2021, please refer to ASX announcement dated 18 November 2021. |
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