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Mt Malcolm kicks of Leonora gold probe

Junior gold explorer Mt Malcolm Mines has begun probing the depths of its Dumbarton prospect within the company’s 100 per cent owned Malcolm project near Leonora in Western Australia.

It has planned up to 1500 metres of RC drilling to test for extensions of known gold mineralisation over 500m of strike length and is also looking to validate historical drill intercepts in and around the old Dumbarton workings.

The historical Dumbarton workings produced more than 300 ounces of gold at a respectable grade of 22.53 grams per tonne between 1899 and 1902.

Whilst not the largest gold workings in the area from that era, it is the lack of systematic modern exploration surrounding the old diggings that appears to have piqued the interest of Mt Malcolm.

Shallow RAB bedrock geochemical drilling completed during the 1980s returned a peak value of 4m grading 7.44 g/t gold from just 35m down hole that included a 1m sweetener returning 18.3 g/t gold.

Limited follow up drilling in the 1990s coughed up an intriguing 4m returning 7 g/t gold from 44m depth.

Previous tenement holder Torian Resources completed a 14-hole program in 2017 that returned a swathe of encouraging shallow results including 3m at 1.96 g/t gold from 31m and 1m grading 2.99 g/t gold from just 36m downhole.

Interestingly, previous drilling focused largely on the easy-to-access shallow gold oxide ore with very little drilling extending below depths of 60m.

According to management, results from the drilling program will provide a better understanding of the style and characteristics of gold mineralisation at Dumbarton before committing to a more comprehensive drilling campaign in the leadup to calculating a mineral resource estimate.

The Perth-based company controls a formidable 247 square kilometres of prospective tenure in WA’s lucrative eastern goldfields within cooee of a slew of major gold mines including St Barbara’s mammoth Gwalia gold mine and Red 5’s resurging King of the Hills.

Since consolidating its landholding and listing a little over six months ago, Mt Malcolm Mines has moved quickly to get a handle on its mineralisation. Results from recent drilling at the Golden Crown prospect returned 4m at 2.99 g/t gold from 28 including 1m at 5.78 g/t from 29m along with a 3m hit grading a formidable 11.97 g/t gold from 37m which included a 1m hit going a whopping 33.61 g/t of the precious yellow metal.

Just southeast of Golden Crown, Mt Malcolm also 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 nestled approximately 105-180m below surface that look like they are begging to feel the bite of the drill bit.

With the services of a highly-sought-after drilling contractor secured, and with a suite of high-priority targets lining up to be drill tested in an underexplored region of the goldfields, Mt Malcolm Mines appears to be just warming up in its gold hunt.

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

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