| Announcement Date: | 2022-12-21 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Medallion Metals Ltd. |
| Project name: | Kundip |
| Location: | Australia |
| Commodities: | Gold,Copper |
| Highlight: | Initial Resource Estimate for Desmond Deposit |
| 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 an initial JORC (2012) MRE at the Desmond deposit, part of the Company’s flagship Ravensthorpe Gold Project (RGP), located 550km south-east of Perth in Western Australia.Desmond-Elverdton was Western Australia’s largest copper producer until the discovery and development of Telfer during the 1970s. The Desmond-Elverdton mines were worked primarily from underground between 1901 and 1971, producing approximately 15,600 tonnes of contained copper and gold as a by-product. Medallion controls the northern extent of the historical workings which are located on granted mining lease 74/163. Potential extensions to the Desmond deposit along strike to the north, at depth as well as possible mineralised parallel structures, represent significant exploration targets that have the potential to enhance the economics of the established resources at KMC. |
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