Mt Malcolm Mines outlines shallow 700m long gold corridor at WA gold play

• M2M reports 4.5g/t gold and 700m long strike at Picnic South prospect
• Prospect part of prospective Malcolm project in WA
• Company targeting a maiden resource estimate near-term

Special Report: Mt Malcolm Mines has reported strong gold hits up to 4.5g/t at the Picnic South prospect at its Malcolm project in WA, confirming a continuous corridor over 700m strike length.

The company has drill tested two prospective areas at the Sunday Picnic prospect so far, the Sunday Underground and Picnic South.

At Sunday Underground shallow quartz reef–style gold mineralisation extends over ~250m of strike, historically mined and recently validated by drilling with strong potential for depth and strike extensions.

At Picnic South area, structurally controlled gold mineralisation has now been defined along a ~700m strike corridor. Multiple broad gold intersections were returned including:

• 1m at 4.47g/t gold from 87m
• 1m at 3.83g/t gold from 64m
• 1m at 2.49g/t gold from 48m
• 1m at 2.37g/t gold from 39m; and
• 1m at 2.03g/t gold from 18m.

The program also confirmed several intervals exceed 5 gram-metres, including:

• 8m at 0.74g/t gold (5.88gm),
• 6m at 0.93g/t gold (5.55gm); and
• 5m at 1.11g/t gold (5.54gm).

Mt Malcolm Mines (ASX:M2M) says these intersections demonstrate strong grade–thickness continuity, confirming that mineralisation remains open along down dip and strike aligns the KKTZ shear zone.

Resources estimate on the cards

The plan now is to delineate a mineral resource estimate at Sunday Picnic, within the shallow, well-constrained mineralised corridor of ~700m in strike length.

The company says this discovery adds considerable value to its expanding portfolio and underscores the upside for further exploration, resource delineation, and development in the region.

With current gold prices above A$6000/oz mineralisation of this magnitude in shallow oxide zones present strong potential for initial low-strip, toll-treatment or starter-pit development scenarios.

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“These results are highly encouraging, confirming mineralisation continuity within the strategic Picnic South area, located adjacent to the historic Picnic workings,” MD Trevor Dixon said.

“With current gold prices exceeding A$6000 per ounce, grades of this nature, particularly in shallow, easily accessible zones suitable for low-cost open pit mining—highlight strong economic potential.

“The results will directly support ongoing exploration and future project development.”

Mt Malcolm is well located in the Leonora region, surrounded by a host of underfed mills such as Genesis Minerals’ Laverton, AngloGold’s Sunrise Dam and Gold Fields’ Granny Smith, with toll treaters further to the south around Kalgoorlie at Norton Gold Fields’ Paddington and Black Cat’s Lakewood.

M2M plans to undertake 3-D geological and wireframe modelling, step-out RC drilling to test strike extensions south and metallurgical testwork in the near-term.

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.