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Mt Malcolm Mines NL (ASX:M2M) recovered up to 22 grams per tonne of gold through a bulk sampling program at its Golden Crown prospect in Western Australia.
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Gravity processing yielded 337 ounces of gold doré from 972 wet metric tonnes (WMT) to date; sales of this doré (with a purity range of 85.6%-95.19%) to the Perth Mint then enabled Mt Malcolm to bring in a revenue of $1,342,062.
Specific batches in the recovery program have each had their own impressive yield: Batch B7D brought in 49.9 ounces of gold doré from 76 WMT of mineralised material while batches B7E and B7F recovered 69.5 ounces of gold doré from 91 WMT.
Managing director Trevor Dixon said these results proved the quality of the mineralisation at Golden Crown – part of the wider Malcolm project northeast of Leonora – adding it’s also provided Mt Malcolm with solid revenues.
“The strong gravity gold recoveries continue to reinforce Golden Crown’s potential as a
viable near-term production asset,” Mr Dixon explained.
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“With over 337 ounces of gold recovered to date and doré sales exceeding A$1.34 million,
we are building a solid foundation for future growth.
“These efforts position Golden Crown for long-term value creation.”
M2M has been trading at 2.4 cents.
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