Medallion Metals Says Final Results From Infill Drilling Confirm High-Grade Intercepts at Western Australia Project

MT Newswires Live13:43

Medallion Metals (ASX:MM8) said final results from this year's infill drilling program at the Gem deposit, within the Kundip Mining Centre in Western Australia, confirmed high-grade gold-copper intercepts in areas scheduled for development in the first 12 months of underground mining, according to a Monday filing with the Australian bourse.

Drilling returned three meters at nearly 18 grams per tonne grade of gold, 0.3% copper from 66 meters, two meters at 21 g/t grade of gold, 0.8% copper from 58 meters, and four meters at 6.6 g/t grade of gold, 0.7% copper from 252 meters, the filing said.

First underground ore from the project is expected in the second quarter of 2027, per the filing.

Shares fell 3% on market close.

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