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Colin Hay

Medallion Metals (ASX:MM8) is preparing to commence a 2,200m Reverse Circulation (RC) drill programme at the company’s flagship Ravensthorpe Gold Project (RGP) in coming weeks.

Medallion’s new Exploration Manager, Phillip Fox, in conjunction with the Medallion technical team, has undertaken an extensive geological review of the company’s 600 sq. km tenement package over recent months.

This work has highlighted a number of key geological, geophysical and geochemical features that appear to be important for the focussing of mineralising fluids. The planned drilling will test a number of these features and aid in the prioritising of the extensive pipeline of prospects identified to date which are not being tested as part of this program.

The planned drilling will test soil geochemical targets, Bridgetown and Flanders, depth extensions of the main historical workings at the McMahon Mining Centre, as well as the untested structural confluence of Harbour View and Flag within KMC.

“It’s exciting to be gearing up to drill again at Ravensthorpe following a period where the company was focussed on de-risking the significant established resource,” Managing Director, Paul Bennett, said.

“With studies confirming the strong technical and commercial outcomes of the proposed development at Kundip, any new discoveries arising from our abundant regional target set has a clear pathway to being commercialised and will only further enhance project returns. We’re looking forward to reporting progress as the program gets underway.”


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