Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Medallion Metals Ltd.
Project name: Ravensthorpe
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 19m @ 2.26g/t Au, 2.33% Cu, 13.03g/t Ag from 69m
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 outstanding new results from drilling at Harbour View, part of the Kundip Mining Centre (KMC) which hosts the Company’s current Mineral Resource Estimate (MRE) of 674,000 oz1 @ 2.4g/t Au. Harbour View is located in the central area of KMC within the greater Ravensthorpe Gold Project (RGP) (Figure 1). RC and DDH drilling throughout 2021-22 has concentrated on down-dip and down-plunge extensions of mineralisation in the central and southern sections of Harbour View. Drilling continues to validate the geological model by confirming the position of mineralisation hosted within the broader Harbour View shear. Mineralisation remains open down-dip and down the high-grade plunge to the south. The latest results demonstrate a material improvement in the grade and consistency of copper grades with some substantial intersections recorded over broad widths. The results indicate that a major new value stream from the copper mineralisation is emerging from the Project.
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