Mt Malcolm Mines strikes gold at Dumbarton prospect
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Mt Malcolm has marked an early success at its Dumbarton prospect with the first five holes of its 15 hole drill program returning some intriguing gold assays.
Peak results from the reported drill section are 6m grading 2.86 grams per tonne (g/t) gold including 2m at 6.5g/t gold from a down-hole depth of 36m in 22DBRC004 and 20m at 1.34g/t gold including 7m at 2.22g/t gold from 77m in 22DBRC005.
This early result is encouraging for the program, which was designed to evaluate mineralised lode extensions and to validate historical drill intersections over the 500m strike of the Dumbarton line of lode.
Mt Malcolm Mines (ASX:M2M) noted that these initial holes were drilled east of the lode testing potential further strike extensions and to follow up anomalous RAB drilling conducted by North Ltd that returned a peak hit of 12m at 1.05g/t gold from 48m.
The lode strike at Dumbarton (approx – 900metres) will be tested by the remaining 10 holes over the coming weeks.
Mineralisation at Dumbarton is typically associated with sheared carbonated basalt on or near intrusive dolerite contacts that are carbonated, moderately sheared with minor sulphide alteration.
The system and structure of the exploration target area at Dumbarton is similar to historical underground mine lodes at the historical Richmond Gem and North Star mines.
Those two sites produced 8,987.5oz of gold at an average grade of 30.4g/t and 20,087oz at 21.7g/t of gold respectively.
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.