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Mining industry

Mt Malcolm Mines NL Commences RC Drilling Program at Sunday Picnic Prospect

Strategic Insights

— 1 min read

Mt Malcolm Mines NL (ASX: M2M) has initiated a ~2,000 metre Reverse Circulation (RC) drilling program at the Sunday Picnic Prospect, located within the Malcolm Project in Western Australia's Eastern Goldfields. The program aims to infill shallow, structurally controlled gold mineralisation along a defined 700-metre strike corridor. The drilling program will support the Company's strategy to advance into a development-ready position and contribute to the maiden JORC-compliant Mineral Resource Estimate for the Malcolm Project.

Key Takeaways:

  • The ~2,000m RC drilling program at Sunday Picnic Prospect includes ~1,500m of infill drilling targeting shallow gold mineralisation across a 700m-long mineralised corridor.
  • The infill holes are designed to test between existing historical 100m-spaced drill lines, reducing spacing to ~50m centres.
  • An additional ~500m of drilling is planned to test the mineralisation beneath the historical Sunday underground mine and associated Sunday workings.
  • Drilling will contribute toward future JORC-compliant resource estimates for the Malcolm Project.
  • Managing Director Trevor Dixon highlighted the technical compelling nature of Sunday Picnic, with "strong structural controls, consistent shallow mineralisation, and a history of gold production."
  • The drilling program will support the Company's strategy to advance into a development-ready position.
  • A Mining Lease Application has been lodged over 15 contiguous tenements, consolidating the Sunday Picnic area into a single tenement.
  • The prospect area has excellent access and lies within trucking distance of several toll processing facilities in the Leonora-Laverton district.
  • Historical high-grade production, mapped structural continuity, and shallow oxide-hosted mineralisation position the Sunday Picnic Prospect as a high-priority, near-term development opportunity.

Statistics:

  • ~2,000m RC drilling program is underway at Sunday Picnic Prospect.
  • 1,500m of infill drilling is targeting shallow gold mineralisation across a 700m-long mineralised corridor.
  • 500m of drilling is planned to test the mineralisation beneath the historical Sunday underground mine and associated Sunday workings.
  • Sample analysis will be conducted at SGS Kalgoorlie for 50g Fire Assay (FA) with MP-AES finish.
  • First assay results are expected in approximately 4-5 weeks post-submission.

Sources:

  • Mt Malcolm Mines NL news release dated (no date provided).
  • ASX: M2M listing.
  • "List of Cancelled Gold Mining Leases which have produced gold, Western Australia Department of Mines, 1954." (Source not online).

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