Company
ASX:MM8
Medallion Metals Ltd (ASX:MM8) is focused on increasing the established resources at its wholly-owned Ravensthorpe Gold Project in Western Australia. Ravensthorpe is in a historically proven mineral field.
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Parallel lodes have been intersected in the footwall to historical workings and structures remain open at depth and along strike. Step-out drilling is planned in the first quarter of 2022.
Consolidating the large amount of historical test-work forms a key milestone for confirming the technical and commercial viability of the Ravensthorpe Gold Project.
The transaction sharpens Medallion’s focus on the high-grade gold and copper opportunity at the Ravensthorpe Gold Project, where it aims to build project resources to 1.5 million ounces and beyond.
With the results received to date, Medallion is even more positive that it is “well on our way to achieving our goal of 1 million gold ounces at RGP”.
Results of up to 1.5 metres at 19.4 g/t gold push the company closer to its goal of defining a 1-million-ounce resource at the southern WA project.
NickelSearch will be a nickel sulphide discovery and exploration company listed on the ASX if the IPO is successful.
Drilling underway at the Kundip Mining Centre (KMC) is being carried out to extend the depth and strike of the known resources as well as test near mine targets including areas where mineralised trends are interpreted to intersect.
All results reported to date are outside the current mineral resource estimate with a new estimate for Gem Restored to be completed in September 2021.
