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Medallion Metals (ASX:MM8) has confirmed broad and high-grade zones of mineralisation which include copper, gold, silver, lead, and zinc through drilling at its Trinity deposit in Western Australia.
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The drilling – which has focused on three holes – pulled up results such as 26.8 metres (m) at 2.0% copper (Cu), 0.8 grams per tonne (g/t) gold (Au), 78.3g/t silver (Ag), 5.3% lead (Pb), 3.9% zinc (Zn) – for 7.4% copper equivalent, or CuEq from 90.7m.
This was in one drilled hole and included 5.0m at 3.2% Cu, 1.2g/t Au, 141.8g/t Ag, 9.8% Pb, and 4.4% Zn (11.3% CuEq) from 110.0m.
Medallion has also found that the ore at Trilogy – which is located nine kilometres south of the Kundip Mining Centre – can be processed through flotation; metallurgical test work will now be run on one sample from the drilling to assess whether Trilogy can be commercialised at the Forrestania flotation plant, or through direct shipping of higher-grade sections of the deposit.
The data suggests this ore could be a complementary feed source for the flotation plant, pending completion of the IGO transaction.
Managing director Paul Bennett said this week’s drilling results indicated Trilogy could become a valuable growth option for the company.
“These assay results confirm the presence of broad, high-grade and potentially high-value mineralisation within the fresh component of the deposit, the domain best suited for treatment at Forrestania,” he said.
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“Subject to demonstrating good recoveries and commercial pathways, Trilogy could provide a meaningful addition to the production profile and enhance the returns of the Sulphide Production Strategy.”
Medallion has been trading at 19 cents.
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