MT MALCOLM MINES REPORTS PROMISING GOLD RECOVERY FROM GOLDEN CROWN

Bulk Sampling Program Yields High Achievable Recovery Rates

Mt Malcolm Mines NL (ASX:M2M) has announced excellent gold recovery results from tailings samples following gravity separation. These results indicate high achievable recovery and contribute significantly to the total recovery from the gold mineralisation at Golden Crown.

The ongoing progress in the bulk sampling program is encouraged by the positive initial indications.

Highlights

• Comprehensive gold recovery has been determined for the prospect.
• The bulk sampling program is advancing with encouraging indications of visible gold in rock chip samples.
• The gold content in tailings (after gravity separation of A to G Batches, ASX June 28, 2024) ranges from 1.0 to 3.5 g/t Au.
• The average achievable gold recovery across all tailing samples, determined through Accelerated Cyanide Leach Leachwell™ (ACL) testwork, is 94.6%.
• Planning is underway for follow-up drilling.

Managing Director Trevor Dixon said:

The recent testwork on gold recovery from tailings has shown significant value, boosting confidence in the economic viability of processing high-grade material from the ongoing bulk sampling exercise.

This detailed processing approach aims to maximise gold recovery and thoroughly evaluate the prospect’s potential for small-scale mining operations and commercial gold extraction.

Read the full announcement.