Mt Malcolm’s Golden Crown glitters with high-grade results

• Drilling at Mt Malcolm Mines’ Golden Crown prospect hits up to 3m at 11g/t gold
• Results confirm predicted mineralisation at the Western Lode and highlight its lateral continuity
• Follow-up drilling planned to test extensions of Western Lode along with step-out drilling at Dumbarton

Special Report: Infill drilling has confirmed and extended mineralisation at Mt Malcolm Mines’ Golden Crown prospect within its Malcolm project in WA’s Eastern Goldfields after intersecting broad zones of gold.

Notable results from the program of eight reverse circulation holes, seven of which intersected gold mineralisation, are:

• 3m grading 11g/t gold from a down-hole depth of 22m including 1m at 30.77g/t from 23m;
• 11m at 3.13g/t gold from 6m including 2m at 9.5g/t from 6m and 2m at 4.91g/t from 10m; and
• 12m at 2.15g/t gold from 16m including 1m at 4.64g/t from 16m and 1m at 3.73g/t from 22m.

Mt Malcolm Mines (ASX:M2M) said the results confirmed predicted mineralisation at Western Lode, outlined the mineralised zone’s lateral continuity and demonstrated the broader mineralisation within the Western Lode and depth extensions in some sections.

The infill drill program was designed to enhance structural interpretation, providing valuable insights into the geometry and continuity of the mineralised zones.

It targeted down-plunge and along-strike extensions of the known high-grade gold system, focusing primarily on the Western Lode.

Malcolm project

The company’s namesake project covers +230km2 of ground just 12km from the town of Leonora and Genesis Minerals’ (ASX:GMD) historic Gwalia gold mine.

This region is well known for its high-grade orogenic gold systems and well-established infrastructure with Gwalia being one of a number of processing facilities nearby.

Bulk sampling at Golden Crown last year provided critical insights into grade distribution, metallurgical recovery (up to 22.4g/t gold) and structural controls.

It also has proven ability to produce gold with historical production of 1720oz from 1863t between 1899 and 1904, while the company’s recent bulk sampling program produced 345.7oz of gold doré from 979 wet metric tonnes of mineralised material and delivered ~$1.38m into the company’s coffers.

M2M is now planning to carry out follow-up RC drilling to further test extensions of the Western Lode at Golden Crown.

This will include step out drilling at Dumbarton to increase depth continuity.

Watch more from M2M: Building a Leonora gold base

The company will also update geological and structural models to support maiden resource estimates and to inform preliminary pit shell designs and evaluate small-scale, low-capex mining options.

Additionally, further metallurgical test work for cyanide leach will be undertaken to optimise processing pathways and support project economics.

Preparations are underway to for general purpose lease applications and associated environmental approvals to enable near-term production at Golden Crown.

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.