Mt Malcolm has re-started diamond drilling at its Calypso project, one of nine it’s exploring near Leonora, Western Australia.

A five-hole drill program has been designed to test mineralised magnetite-altered porphyry zones that demonstrate increasing widths at depth.

This follows an inaugural diamond program carried out earlier this year where hits up to 26m at 1.97 g/t gold from 261.55m and 10.27m at 1.53 g/t gold were returned from two holes, intersecting several wide gold mineralised envelopes.

Mt Malcom Mines (ASX:M2M) believes there is a confirmed spatial link between anomalous porphyry occurrences and mineralisation returned from drill holes 22CALDD003 and 22CALDD004.

The company says the program will now follow up the broad gold mineralisation returned from these holes to gain a better understanding of the potential size of the mineralised system and delineate the targeting framework at depth, as well as extend the known mineralisation.

Drilling low-down

A HQ diamond drill program for a total of 1,730m is underway after kicking off at the end of October.

M2M says the program will carry on through the quarter, with the first hole re-entry and extension (22CALDD005) for 233.2m complete.

The second hole (22CALDD011) has started coring and another three deep diamond holes are planned for a total advance of 1,500m.

Diamond core is being processed for the first deep extension of 22CALDD005 and assay results will be announced to the market as they come to hand.




This article was developed in collaboration with Mt Malcom 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.