Mt Malcolm to fire up major drill campaign at Golden Crown and Dumbarton prospects

• A 3000m RC campaign to begin at Mt Malcolm’s flagship project in WA’s Leonora region
• Company looking to expand mineralisation before defining a maiden JORC resource
• Drilling will focus on high-priority targets identified through geological mapping and recent bulk sampling

Special Report: Mt Malcolm is launching a 3000m RC drilling campaign at its flagship project near Leonora in WA, chasing high-grade gold mineralisation at the Golden Crown and Dumbarton prospects. 

All regulatory approvals have been secured, a drilling contractor finalised, and drill pad earthworks currently in progress.

Mt Malcolm (ASX:M2M) is looking to target down plunge and along-strike extensions of quartz vein systems at Golden Crown, following a successful bulk sampling program that produced ~346oz of gold doré sold for ~A$1.4m.

Dumbarton drilling will focus on primary-hypogene mineralisation, testing the continuity of lodes and plunge geometries.

The overarching goal is to support maiden JORC resource estimates and collect data for future development studies.

All eyes on the Golden Crown 

Covering 200km2, the Malcolm Project is positioned along the Keith Kilkenny Tectonic Zone, a key regional fault structure stretching more than 300km through the northeastern Yilgarn Craton.

Numerous gold and nickel operations are located along the structure, among them Northern Star’s (ASX:NST) Carosue Dam, northeast of Kalgoorlie, and Thunderbox, north of Leonora.

Bulk sampling undertaken at the ~200km Golden Crown prospect delivered valuable insights into the high-grade gold mineralisation during the previous quarter.

Watch: Mt Malcolm in the Middle of Leonora largesse

It demonstrated amenability to both gravity recovery and leach processing with gold recoveries up to 22.4g/wmt achieved.

Dumbarton gold workings, characterised by historic shafts approximately 320m apart, yielded significant gold production from 1899-1903.

The company’s past drilling results indicate the ‘line of lode zone’ remains open at depth, with notable intersections including 20m at 1.34g/t gold from 77m to 97m.

Another step closer to JORC resource

M2M is positioning Golden Crown for long-term value creation by expanding its mineral footprint and moving it closer to near-term production.

M2M managing director Trevor Dixon said the company is well-positioned to unlock high-grade potential at Golden Crown and investigate the primary-hypogene mineralisation at Dumbarton.

“This campaign is significant as it moves us closer to defining a maiden JORC resource,” he said.

It will also enhance the company’s 3D mineralisation models and support future resource estimation and potential open-pit design.

The drill program is fully financed and set for completion in six to eight weeks, with assays due approximately four to five weeks after samples are submitted.

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.