Medallion Metals (ASX:MM8) has reported extensional drilling results from the Flag deposit within the Kundip Mining Centre at its Ravensthorpe Gold project has returned grades of 118g/t gold an 9.3% copper at depth.
Medallion Metals highlighted single diamond hole assays extend Flag at depth including 0.45m @ 118g/t Au, 9.3% Cu, 61.1g/t Ag from 319.9m, and 0.92m @ 34.2g/t Au, 0.5% Cu, 16.4g/t Ag from 283m.
It says the results are confirmation the high-grade mineralisation is continuous and open, and that the results will be incorporated in an upcoming Mineral Resource Estimate update.
Its Managing Director, Paul Bennett says the results, combined with previous drilling and historical underground mapping, gives great confidence the deposit can be mind successfully from underground.