Mt Malcolm Mines NL reports significant progress on its maiden JORC Mineral Resource Estimates for the Golden Crown and Dumbarton prospects, highlighting high-grade gold mineralisation and promising extensions. Metallurgical testwork and further drilling plans aim to unlock early mining potential and cashflow.
- High-grade gold mineralisation identified at Golden Crown with clear geological controls
- Mineral Resource Estimates for Golden Crown and Dumbarton approaching completion
- Metallurgical testwork underway at Dumbarton to support resource finalisation
- Planned infill and extensional drilling to target early mining and resource growth
- Robust geological modelling underpinned by detailed RC drilling and bulk sampling
Geological Advances at Golden Crown
Mt Malcolm Mines NL (ASX – M2M) has announced solid progress towards delivering its maiden JORC Mineral Resource Estimate for the Golden Crown prospect, situated within its Malcolm Project in Western Australia. The company’s geological team, working alongside consultant Dr. Spero Carras, has completed an updated geological model that identifies distinct high-grade gold mineralisation controlled by subvertical quartz vein structures striking northwest. These veins host gold grades exceeding 2 grams per tonne, while lower grade mineralisation (0.5 to 2 g/t) is associated with flat dipping structures to the northeast.
This refined geological interpretation is based on a rigorous review of reverse circulation (RC) drill data and observations from a bulk sampling pit, where innovative techniques such as placing contrasting mafic aggregate downhole have enhanced structural understanding. The mineralised corridor at Golden Crown is defined within a 150 by 200 metre area and remains open at depth and along strike, suggesting further upside potential.
Resource Estimation and Metallurgical Progress
The Mineral Resource Estimate for Golden Crown is nearing completion, supported by consistent high-grade intercepts and excellent gravity recoveries from bulk sampling, which yielded 362 ounces of gold dore from 979 wet metric tonnes. These results confirm both the grade and recoverability of the gold mineralisation, underpinning confidence in the deposit’s economic potential.
At the Dumbarton prospect, located about 20 kilometres southeast of Golden Crown, metallurgical testwork is underway to determine gold recoveries from RC drill samples. Dumbarton hosts multiple mineralised lode systems within sheared and altered basalt sequences, with historical mining records indicating high-grade production. The maiden Mineral Resource Estimate for Dumbarton is also approaching finalisation, pending metallurgical results.
Strategic Drilling Plans and Early Mining Potential
Mt Malcolm plans to leverage the updated geological interpretations to guide future drilling campaigns. These will include shallow infill drilling aimed at maximising the extent of coarse gold intercepts within the high-grade quartz veins, with a view to early mining and cashflow generation. Additionally, extensional drilling will target mineralisation at depth and along strike to expand the resource base.
The company’s approach reflects a balanced strategy of delineating a robust resource while advancing towards near-term production opportunities. The Malcolm Project’s location within the prolific Malcolm Greenstone Belt, known for hosting significant gold deposits, further enhances its strategic value.
Compliance and Environmental Considerations
All exploration and reporting activities comply with the JORC 2012 Code, with rigorous quality assurance and control measures applied to sampling, assaying, and data validation. Mt Malcolm is also actively engaging with Traditional Owner representative bodies regarding Aboriginal Cultural Heritage considerations overlapping the Golden Crown tenement. Environmental and waste rock characterisation studies are planned to ensure sustainable development practices.
Overall, the company’s methodical progress towards maiden resource estimates, combined with promising metallurgical results and strategic drilling plans, positions Mt Malcolm Mines as a compelling player in the Western Australian gold exploration landscape.
Bottom Line?
With maiden resource estimates imminent and early mining plans underway, Mt Malcolm Mines is poised to unlock value from its high-grade gold prospects.
Questions in the middle?
- What are the final tonnage and grade figures expected in the maiden JORC Mineral Resource Estimates?
- How will metallurgical test results from Dumbarton influence the resource classification and mining approach?
- What timeline does Mt Malcolm envisage for commencing early mining and generating cashflow?