| Announcement Date: | 2022-02-22 |
|---|---|
| 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. 7m @ 7.6g/t Au, 0.13% Cu, 1.6g/t Ag from 0m |
| 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 the 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 at Omaha (Figure 1). Final assay results from 2021 combined with the recent 2022 drilling programme results continue to successfully intercept the targeted high-grade plunges at both Harbour View North and Harbour View South. New drill intercepts at Harbour View (>5 gram x metre) are shown in Figures 2 and 3, along with the 2021-22 program and historical results. |
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