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MM8 now Doubtfree: Harbour View keeps sweeping up consistent and continuous gold, copper, silver hits
Mining
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The latest round of drilling provides a perfect illustration of Medallion’s Harbour View opportunity: consistent and continuous high-grade hits along some exciting key structures.
A diamond and reverse circulation (RC) drilling program at Harbour View continues to validate the geological model by confirming mineralisation is hosted in multiple sub-vertical, shear hosted lodes that cross-cut the stratigraphy.
Drilling has specifically targeted two high-grade plunges within the Harbour View shear – northeast dipping host andesitic agglomerates and on the southwest, dipping Felsic Porphyry units that plunge shallowly to the south-west.
The Harbour View deposit is part of the wider Kundip Mining Centre within the Ravensthorpe Gold Project in Western Australia’s southwest with an established high grade gold resource of 8.8 Mt at 2.4g/t gold for 674,000 ounces.
A mineral resource update is underway, which will incorporate around 30,000m of new drilling data.
Results are expected early in the June quarter
Drilling positively impacting the resource
Medallion (ASX:MM8) says the final assays from 2021, combined with the recent 2022 drilling program results continue to intersect targeted high-grade plunges at both Harbour View North and Harbour View South.
MM8 managing director Paul Bennett told Stockhead, another round of consistent drilling results have been received, including “encouraging” copper and silver grades.
“These results will have a significant positive impact on the resource – and further illustrate that Harbour View represents a high-grade mining opportunity which remains open both at depth and along strike,” he said.
High-grade results
At Harbour View North, a total of five holes were completed, with one diamond hole pending assay.
Highlights include 12m at 4.27 g/t gold, 0.04% copper, 0.25 g/t silver from 0m, including 4m at 10 g/t gold, 0.08% copper, and 0.25 g/t silver from 0m.
Other results such as 3m at 4.2 g/t gold, 0.88% copper, and 4.6 g/t silver from 158m and 7m at 7.6 g/t gold, 0.13% copper, and 1.6 g/t silver from 204m were also returned.
Four diamond and three RC holes were drilled at Harbour View South and the May cross lodes, targeting the south dipping high-grade plunges.
Notable results include 1m at 23.2 g/t gold, 7.14% copper, 93.6 g/t silver from 193m, 1m at 11.9 g/t gold, 0.56% copper, and 5.7 g/t silver from 252m, including 18m at 1.56 g/t gold, 0.87% copper, and 8.54 g/t silver from 240m.
Two rigs active at Meridian prospect
Medallion completed around 29,000m of RC and DDH drilling at the Ravensthorpe Gold Project (RGP) throughout 2021.
Three drill rigs (1RC and 2DDH) are currently at the RGP, with the RC and one DDH rig active at the Meridian prospect and the second DDH rig currently at Harbour View South targeting extensions to the high-grade plunges.
Medallion plans to drill about 16,000m of combined RC and DDH drilling at RGP in the first half of 2022.
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.
