M3 Mining Limited (ASX: M3M) has confirmed high-grade hits, including visible gold, in screen fire assay results from the El Capitan prospect at the Edjudina Gold Project in Western Australia.
The 1.0m re-assay screen fire results highlight the high-grade tenure of the mineralisation over a 10m interval. These sample results compare favourably to the original 4.0m composites and allows the company to further refine the zone of mineralisation down the hole and demonstrates increased variability as expected for the style of mineralisation.
The new results will form the basis for sampling and assay methodologies for future drilling programs following detailed magnetic surveys ahead of M3 Mining advancing the bonanza grade El Capitan prospect. The Edjudina Project is located in the eastern Goldfields, approximately 150km northeast of Kalgoorlie in Western Australia.
M3 Mining is extremely pleased to announce the validation of our original four metre composite assays, which have been confirmed on a one metre basis using the screen fire assay method and included a higher sample volume than the initial fire assays,” Executive Director, Simon Eley, said.
“In addition to the assay results, the presence of visible gold within EDJAC164 supports the high-grade gold intercepted at the El Capitan prospect. The screen fire assays increase our confidence in the mineralisation at the recently discovered prospect and provide the company with strong conviction to progress exploration activity at El Capitan.”
Next Steps
The company awaits the receipt of assay results for the expedited AC programme. As shown by the coarse gold panned from EDJAC164 and the screen fire assay results, the mineralisation at El Capitan exhibits a high nugget effect.
As the company advances El Capitan it will be exploring various alternative assay methodologies, such as Photon Assay. This method also uses a 500g charge which provides a more representative analysis than the standard 30g fire assay charge. The company expects to receive these results prior to the end of August.
Further work will be undertaken by the M3 Mining technical team over the coming weeks to better understand the mineralisation and geology present at the El Capitan prospect. This will include analysis of the results received from the recently completed AC drilling programme as well as a detailed magnetic survey.
