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Kundip shines early with gold and copper

18 November 2021
ASX: MM8
Rueben Hale

The early results stood above other glimmering sections intercepted during recent exploration at the site, including 5.13 grammes of copper grams per tonne over almost 2-metres of dirt, at Harbour View deposit, part of the Ravensthorpe Gold project’s Kundip mining centre.  

 At the same time, another area yielded 4.52g/t of gold over another 2 metres, contributing to 14.95g/t overall from the 29m section.  

The exploration was part of the MM8’s 32,000m drill programme is progressing rapidly with approximately 25,000m of reverse circulation and diamond drilling completed across the company’s mineral project portfolio located in the world-class Southern Cross greenstone belt and the Albany Fraser Orogen.  

The results at the RGP site also extended further for the Kundip-focused explorer with copper-rich high-grade sulphide zone pushing past the aforementioned strikes, pushing out the outermost margins of the current mineral resource by around 80 metres.  

The company said May and Omaha lodes are growing the Harbour View story near the surface and remain open.  

“The first results from the Harbour View deposit are extremely positive,” managing director Paul Bennett said.  

“Intercepts at the southern end of the deposit represent the substantial depth and plunge extensions beyond the previous drilling.  

“Additionally, the copper grade in DD21KP997 highlights the potential for copper to enhance project economics.  

“At the northern end, we’ve recorded significant shallow high-grade strike extensions on the Harbour View splays.  

“These major step-outs from the existing drilling further increase our confidence the project resources will undergo a significant upgrade in early 2022.”    

MM8’s Australian Stock Exchange-listed share price opened today at 21c (7:30am UTC+ 8 hours) 

COMPANY OVERVIEW

Medallion Metals is a minerals exploration company based in Perth, Western Australia. The Company is focused on increasing the established resources at its 100% owned Ravensthorpe Gold Project (RGP), situated 550km south-east of Perth. Located in an historically proven mineral field, the Ravensthorpe Gold Project represents an exciting belt scale advanced exploration opportunity which the Company is confident will grow to one day support a long life, low cost gold mine.

COMPANY INFORMATION

ASX: MM8

Website

https://medallionmetals.com.au/
https://www2.asx.com.au/markets/company/mm8

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