Mt Malcolm Mines NL (AU:M2M) has released an update.
Promising Metallurgical Testwork Results
Mt Malcolm Mines NL reports promising preliminary metallurgical testwork at its Golden Crown prospect, with an average gold recovery rate of 94.3% using conventional cyanide extraction methods. This high recovery rate indicates the potential for efficient extraction of gold from the ore, which is a positive sign for the project’s economic viability.
Discovery of Shallow Stacked Gold Lodes
Recent drilling at the Golden Crown prospect has uncovered four shallow stacked gold lodes, indicating the presence of multiple mineralized zones. This discovery increases the potential for a significant resource base at the project site, providing opportunities for further exploration and development.
Advancing Towards Maiden Resource Estimate
With the positive results from the metallurgical testwork and the discovery of multiple gold lodes, Mt Malcolm Mines NL is now confident in advancing towards a maiden resource estimate for the Golden Crown prospect. This milestone is crucial in determining the size and grade of the mineral deposits at the site, laying the foundation for future mining activities.
For further insights into AU:M2M stock, check out TipRanks’ Stock Analysis page.
Insight: The promising metallurgical testwork results and the discovery of multiple gold lodes at the Golden Crown prospect indicate a strong potential for future resource development and mining activities at Mt Malcolm Mines NL. This positive progress could attract investor interest and boost the company’s stock performance in the market.
