Mt Malcolm Mines NL (ASX:M2M) Quarterly Activities Report
Key Achievements
Mt Malcolm Mines NL (ASX:M2M) has reported significant progress in its recent activities market by the successful bulk sampling at the Golden Crown Prospect. The inaugural doré bar was produced, leading to cumulative gold recovery of 122.4 ounces (3,809g) from 612 Wet Metric Tonnes (WMT) of processed mineralised material. This achievement translated to AUD$449,194 in revenue from sales to The Perth Mint, with purity levels ranging from 85.6% to 93.2% Au.
Geological Findings
Exploration activities revealed visible gold within quartz veins and sheared intermediate volcanics, supporting ongoing high-grade mineralisation. Rock chip assays returned values up to 458.39 g/t Au, proving the prospect’s potential for further resource estimations and future explorations.
Future Outlook
The company plans to complete the bulk sampling program focusing on evaluating the deposit’s economic feasibility further. Additional drilling strategies will aim to expand identified mineralisation areas. Future plans also include assessing options for monetising stockpiled materials.
Motley Fool contributor Kiarra Jackson 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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