Step out drilling delivers high grade gold and copper at Medallion Metals’ Kundip Mining Centre where a new resource is expected to be released in November.

The latest results from step out drilling beyond the limit of the Harbour View deposit at Kundip have shown high grade gold and copper extends for up to 180m beyond the limit of the existing resource.

Best results included:

  • 7.15m @ 3.61 g/t Au, 1.55 % Cu, 7.69 g/t Ag from 142.37m (DD22KP1149)
  • 6m @ 3.56 g/t Au, 0.1 % Cu, 3 g/t Ag from 43m (DD22KP1092)
  • 3.43m @ 5.68 g/t Au, 2.07 % Cu, 17 g/t Ag from 207.3m (DD21KP1073)
  • 5m @ 3.16 g/t Au, 0.84 % Cu, 5.3 g/t Ag from 41m (DD21KP1073)
  • 3.35m @ 4.45 g/t Au, 0.69 % Cu, 6.36 g/t Ag from 83.00m (DD22KP1147)
  • 1.07m @ 10.19 g/t Au, 5.43 % Cu, 38.92 g/t Ag from 80.38m (DD22KP1147)
  • 1.35m @ 7.39 g/t Au, 1.73 % Cu, 13.08 g/t Ag from 243.18m (DD22KP1148)
  • 2.8m @ 1.81 g/t Au, 1.78 % Cu, 9.56 g/t Ag from 193m (DD21KP1091)

What a list.

Hole DD22KP1148 is a major boon, with gold and copper struck 180m to the south – more than a footy field away – and down plunge from Medallion’s (ASX:MM8) closest drilling. That’s what is known in the biz as a significant extension.

“These assays, which confirm previously reported visual results, demonstrate the significant depth and plunge extensions of the Harbour View and May structures and build further confidence in the structural and geological continuity of the deposit,” Medallion managing director Paul Bennett said.

“Shareholders should expect to see further resource growth in this area following these results and further drilling planned for the area.”

Medallion Metals asx mm8
Hits included up one strike at Harbour View North of over 7g/t. Pic: MM8

Open all over the place 

The results clearly show the Harbour View Shear remains open to the south, with more hints of gold in the footwall lode, where a 58cm sulphide vein returned 1.56g/t gold, 1.76% copper and 11.6g/t silver from 370.2m in DD22KP1148.

That’s not wide enough to be considered a significant assay, but the high quality copper and silver grades make it a delectable target for future drilling.

The closest hole to this target, some 400m to the north, returned 0.94m at 1.12g/t, 1.45% copper and 24.9g/t silver from 392.1m back in June, suggesting they could be in the same structure.

Medallion has so far completed 46,000m of RC and diamond drilling at its Ravensthorpe gold project since listing in March 2021, with ~40,000m of that complete at Kundip itself, where the explorer posted a resource of 1.4Moz gold equivalent at 2.4g/t in June.

Another 15,000m has been reported since then to the upcoming resource estimate with another 5,000m worth of assays pending for the Flag deposit.

It won’t stop there. Drilling will resume this month, with an initial 10,000m targeting extensions to the established resources at Gem and Harbour View, along with priority near mine and regional targets.

Down hole surveys, structural mapping and analysis will also be rolled out to shine a light on the scope of the opportunity at Ravensthorpe.




This article was developed in collaboration with Medallion Metals, 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.