Mt Malcolm is pulling gold riches out of Calypso’s treasury
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Diamond drilling at the Calypso prospect within Mt Malcolm’s Malcolm project in WA’s Central Eastern Goldfields has intersected several wide gold mineralised envelopes.
Notable results are 26m grading 1.97 grams per tonne (g/t) gold from 261.55m including 1.06m at 7.33g/t gold from 271.94m (22CALDD004) and 10.27m at 1.53g/t from 246.38m (22CALDD003).
It follows on the high-grade intercepts returned to date at the Golden Crown and Dumbarton prospects, and serves to underscore the potential of the Malcolm project, which is located close to some big gold projects.
There are more assay results to come with Mt Malcolm (ASX:M2M) being about halfway through its planned diamond drill program at the prospect.
Drilling is designed to follow up the previously defined gravity/magnetic anomalies and test depth extensions of defined mineralisation.
The Malcolm project is located close to major mining operations like the Granny Smith gold mine, Sunrise Dam, King of the Hills, Gwalia and Mt Morgans.
It is also right near the western boundary of Genesis Minerals’ (ASX:GMD) 2Moz Leonora project.
Calypso itself consists of several anomalies that take an almost hand-like form which appear to be connected by what the company reckons is something fascinatingly large and rich in gravimetric detail.
A review of the historical drilling database and results from recent drilling indicated that these anomalies have been insufficiently drilled or missed altogether.
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.