With more than 3,500m of diamond drilling completed on the T3 target at the Calypso prospect, the gold explorer says it now has a better understanding of the ‘Constance Lodes’ discovery near Leonora in Western Australia.

Mt Malcolm’s (ASX:M2M) geological team has confirmed the discovery of ‘Constance Lodes’ being a series of stacked lodes within a multi-phase porphyry corridor outside of the known mineralisation within the T1 and T2 targets at Calypso.

The most significant primary gold mineralisation intersections (>1.0g/t gold) returned from the recent assays include hits such as 0.57m at 25.81g/t gold within a broader zone returning 16.21m at 4.01g/t gold as well as 0.34m at 10.54g/t gold and 2.37m at 10.72g/t gold.

On track for the delivery of a mineral resource estimate

M2M managing director Trevor Dixon says the gold grades and number of mineralised intersections within the newly defined lodes have increased exponentially.

“The geological model has performed well in guiding drill hole placements for cost effective return of mineralised core samples for assessment.

“Diamond core processing continues onsite with a significant amount of mineralised core yet to have assay results returned,” he adds.

Once core processing and detailed drill planning, as well as budgeting, has been wrapped up, Dixon says the company hopes to provide a platform for a drill out of all mineralised areas at Calypso for the delivery of a JORC compliant mineral resource.

 

 

 

This article was developed in collaboration with Mt Malcolm Mines, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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