- Mt Malcolm Mines (M2M) released its initial results from the reverse circulation (RC) drilling program at Golden Crown
- The company completed nine RC holes at its site for an advance of 860 metres
- The best intercept result included three metres at 11.97 grammes per tonne gold from approximately 37-40 metres
- Mt Malcolm believes further opportunities exist to enhance and build on exploration data taken from the site
- On market close for the day, Mt Malcolm Mines is in the grey and trading at 16 cents per share
Mt Malcolm Mines (M2M) has released initial drilling results from the reverse circulation (RC) drilling program at its Golden Crown located near Leonora, Western Australia.
Located near Leonora the company has reportedly completed nine RC holes at the site for an advance of 860 metres.
The company says the best intercept result was three metres at 11.97 grammes per tonne gold from approximately 37-40 metres.
Mt Malcolm is planning a second drilling program to follow up on these results.
Within the next two years the company aims to conduct regional geological mapping and geochemical planning. It also plans to undertake focused and systematic exploration and scientific research programs.
Additionally Mt Malcolm says it will seek exploration and development opportunities of other targets and quality projects that meet its development objectives.
The company believes the Mt Malcolm Gold Project has the potential to host economic gold mineralisation, going on to say opportunities exist to further enhance and build on the substantial exploration data assembled to date.
On market close for the day, Mt Malcolm Mines was in the grey and trading at 16 cents per share.