Medallion Metals unveils impressive drilling outcomes

Medallion Metals (ASX:MM8) has declared notable assay results from in-fill drilling at the Harbour View lode, within the Kundip Mining Centre of its Ravensthorpe Gold Project. The highlight includes an impressive 10-meter intercept at 19.9 grams per ton gold and 3.2% copper, establishing the highest value gold equivalent gram meter intercept at the project.

Comprehensive overview of Medallion Metals' recent update

Medallion Metals has reported groundbreaking assay results from its Ravensthorpe Gold Project, featuring a remarkable 10-meter intercept at 19.9 g/t gold and 3.2% copper. This surpasses historical results and indicates promising prospects for near-term development. The new findings will aid in updating the Mineral Resource Estimate, contributing to a final investment decision for the Ravensthorpe-Forrestania production opportunity. Medallion is advancing plans to establish an underground mining operation and is conducting a 15,000-meter drill program to expand the high-grade sulphide resource. An updated MRE is anticipated in the first half of 2025. Additionally, Medallion has an Exclusivity Agreement with IGO Ltd for acquiring assets, including the Cosmic Boy Process Plant, to facilitate ore processing. The company's strategy focuses on transitioning to underground operations, enhancing project returns, and reducing development risks.

Executive commentary from Medallion Metals

These exceptional assay results underscore the significant exploration potential at the Ravensthorpe Gold Project. The drill program continues to deliver outstanding results, which reinforces our confidence in the resource and its potential to support our development strategy.