Mt Malcolm returns cracking WA shallow gold hit

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RC drilling at Mt Malcolm’s Golden Crown prospect.
Camera IconRC drilling at Mt Malcolm’s Golden Crown prospect. Credit: File

Mt Malcolm Mines’ Golden Crown prospect within the Malcolm Gold project in WA has given up a 3 metre hit grading a formidable 11.97 grams per tonne gold from 37m including 1m going a whopping 33.61 g/t gold. Initial results received come from nine RC drill holes that were sunk into Golden Crown targeting historical workings and open stopes that surround a historical battery with crushing grades of an ounce to the tonne gold.

The Golden Crown historical workings produced an eye-catching average of 33.5g/t gold with battery records indicating that the area operated between 1899 and 1904. Mt Malcolm says the Golden Crown prospect was regarded as a significant historical gold producing area at the turn of the last century.

Other significant shallow results from the latest round of drilling at Golden Crown include 2m grading 0.92 g/t gold from 19m downhole, 7m going 0.34 g/t gold from 25m and 1m at 1.22 g/t gold from 12m downhole.

Assay results from the deeper drill holes at Golden Crown are still pending.

Favourable geology intersected in the latest round of drilling at Golden Crown includes quartz veining and narrow chert horizons that sit within an intensely sheared, silicified, sericitic felsic volcanic sequence. Encouragingly, the higher gold grades in the area have generally occurred within a similar geological sequence.

The company is now planning a second RC drilling campaign that will follow up on and refine targets in the initial RC program.

Historical drill intersections at the Golden Crown prospect include a 4m parcel grading a juicy 10.4 g/t gold from 32m and a 16m wide envelope grading 1.63 g/t gold from only 8m downhole.

Mt Malcolm’s landholding covers an extensive area with ample bituminous access that straddles the Leonora-Laverton road and extends northwest to the Leonora-Nambi road.

Just southeast of Golden Crown, Mt Malcolm recently discovered four “dominant”, high-density gold targets that beamed through the background noise in a gravity survey at its Calypso gold project. Interpretation of the gravity results highlighted four targets that are nestled approximately 105-180m below surface. The Calypso gold project is about 20 kilometres from Leonora in WA and Mt Malcolm said drill testing of the gravity anomalies will now follow.

With over an ounce to the tonne drill hits supporting a slew of historical high-grade hits at the Golden Crown prospect and major gold mines including the mighty Sons of Gwalia and King of the Hills within cooee, Mt Malcolm looks to be ticking the right boxes in some of the most sought-after tenure in WA.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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