USD $4,165.18
Goldman Shallow High-Grade Zones Highlight Significant Potential
Mount Malcolm Mines NL (ASX:M2M) has shared thrilling results from its recent exploration at the Golden Crown Prospect, marking the highest ever recorded gold intersections at the site, showcasing both the shallow nature and high-grade potential of the mineralization.
Exploration Triumphs:
- The company has announced an extraordinary 6m @ 24.45 g/t Au hit within a broader 10m @ 15.40 g/t Au high-grade zone, including an incredible 1m @ 60.55 g/t Au slice, in drill hole 24GCRC060.
- Additional significant gold assays include 4m @ 5.23 g/t Au, 6m @ 4.77 g/t Au, and 3m @ 6.88 g/t Au from various depths, confirming the presence of widespread mineralization.
- The drill program also reported numerous intercepts with visible gold, accentuating the prospect’s richness.
- Importantly, the mineralization remains open in all directions, which is a promising sign for the extension drilling currently in the planning phase.
Management’s Enthusiasm:
Trevor Dixon, Managing Director of Mt Malcolm Mines, expressed his enthusiasm:
Golden Crown Prospect Resource Definition drilling results have returned the highest ever assay results within shallow mineralisation providing an ideal environment for cost-effective mining operations. Focused work from our geological team has delivered a breath of new life into this classic old producer from a bygone era. We are committed to achieving critical milestones whilst
advancing Golden Crown towards development.
With the Golden Crown Prospect located just 10km from Leonora and residing on a granted Mining Lease, Mt Malcolm Mines NL’s latest results affirm the site’s high-grade nature and affirm the company’s strategic direction towards developing this promising prospect.
