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- Mt Malcolm Mines (M2M) begins a fresh round of drilling at its Calypso prospect near Leonora in Western Australia
- The company has planned a diamond drilling program comprising five holes for 1730 metres to follow up on broad gold mineralisation identified in its inaugural drill program
- The first drill hole — a re-entry and extension of a previous hole in the area — has been completed and intersected wider zones of felsic porphyry
- The second hole is underway and, along with the remaining planned holes, is aimed at extending the known mineralised footprint in the area
- Company shares last traded at 8.6 cents on November 10
Mt Malcolm Mines (M2M) has begun a fresh round of drilling at its Calypso prospect near Leonora in Western Australia.
Calypso is one of the company’s nine prospects in the area that make up its namesake gold project.
Mt Malcolm has planned a diamond drilling program comprising five holes for 1730 metres to follow up on broad gold mineralisation identified in its inaugural drill program
The first drill hole — a re-entry and extension of a previous hole in the area — has been completed and intersected wider zones of felsic porphyry.
M2M said it hoped the data would provide a better understanding of the potential size of the mineralised system and delineate the targeting framework at depth.
The second hole is now underway and, along with the remaining planned holes, is aimed at extending the known mineralised footprint in the area
The holes will be drilled to the south to test the interpreted north plunge of mineralisation and gold-bearing vein sets, as well as to provide what the company said was the “best chance” of delineating multiple mineralised horizons in a single hole.
Company shares last traded at 8.6 cents on November 10.
