Medallion Gains Benefits from Outstanding Drilling Outcome at Ravensthorpe Gold

2 min read | February 18, 2025 11:00 AM AEDT | By Team Kalkine Media

Medallion Gains Benefits from Outstanding Drilling Outcome at Ravensthorpe Gold — Image source: Shutterstock

Drilling Advancements and Future Plans

Drilling activities are demonstrating that the mineral system within the Kundip mining center has substantial untapped potential. A comprehensive 15,000-meter drill program is being executed to augment both the size and the certainty of the high-grade sulphide underground resource. To date, approximately 10,000 meters of drilling have been completed with a reverse circulation (RC) drill rig, which is now being followed by diamond drilling initiated in December 2024.

By April 2025, the completion of the full drill program is expected, leading to an updated resource estimate within the first half of the year. The data from this initiative is crucial as it could redefine the resource envelope and potentially enhance the project's scale.

Strategic Developments Ahead

The potential new sulphide lode uncovered signifies a substantial upside, prompting careful strategic planning for future drilling operations. This includes the mobilization of a second RC rig to the site to expedite both infill and extensional drilling activities, ensuring comprehensive evaluation and leveraging of the newfound mineralized zone.

The timeline also forecasts the receipt of assay results from the newly interpreted mineralized zones by April, which will critically inform the resource estimate revision. These developments align with Medallion Metals' commitment to enhancing the flagship Ravensthorpe gold project.

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