Medallion Metals Limited (ASX:MM8) Significant Drill Results at Trilogy Deposit
Drilling Highlights
Medallion Metals Limited (ASX: MM8) reported significant intersections of sulphide mineralisation at the Trilogy Deposit. The first drill hole from a new three-hole program encountered semi-massive to massive sulphides starting at approximately 95 metres downhole, spanning a continuous interval of about 22 metres.
This drilling aims to target fresh portions of the Cu-Au and Zn-Pb-Ag dominant lodes to collect samples for metallurgical assessment. Assay results from this drilling initiative are expected by March and April 2025. The metallurgical testwork aims to evaluate the potential to commercialise Trilogy via established processing infrastructure at Forrestania or through direct shipping of high-grade material.
Managing Director’s Comments
Managing Director Paul Bennett stated, “Forrestania infrastructure, particularly the established flotation capacity, has the potential to realise value at Trilogy. Our focus is on the shallow, fresh, high-grade parts of the deposit when considering Forrestania to make a concentrate or direct shipping opportunities. The drilling visually confirms the deposit geometry and provides great encouragement in relation to assay results which are to follow. If Trilogy can yield saleable products, then another significant growth opportunity presents itself for the Company and its shareholders.”
Drilling Operations Overview
The current drilling at Trilogy utilised a diamond drill rig, with operations commencing prior to the Christmas break and resuming on 8 January 2025. The program is set to include three diamond drill holes totaling approximately 400 metres. The core will be analysed to support metallurgical testwork and determine the commercial viability of the project.
The Trilogy Deposit, which boasts a JORC 2012 Mineral Resource Estimate of 162,000 ounces of gold, along with significant amounts of silver, copper, lead, and zinc, forms a crucial part of Medallion’s longer-term growth strategy and project development.
Next Steps
Following the completion of the initial drill hole, further drilling will proceed and results will be assessed for potential metallurgical testwork. Updates will follow as assay results are received and assessed.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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