Highlights
- RC drilling at Golden Crown returned a best result of 6 metres at 9.28 grams per tonne gold from 32 metres depth.
- The program extended the known anomaly 320 metres to the west, opening a new corridor for follow-up work.
- A second anomaly, GCTW2, sits 200 metres north-west of GCTW1 and also remains open in multiple directions.
- Results cover only first-pass drilling; deeper and extension holes are planned for the next program.
Mt Malcolm Mines Limited (ASX:M2M) has moved the northern boundary of the Golden Crown gold anomaly 320 metres westward after first-pass reverse circulation drilling at its Western Australian tenements returned a best intercept of 6 metres at 9.28 grams per tonne gold from 32 metres.
Drilling Results
The program tested a series of quartz-float-in-soils geochemical anomalies across two areas — GCTW1, immediately west of existing Golden Crown workings, and GCTW2, about 200 metres to the north-west. At GCTW1, hole GCRC077 returned 6m at 9.28g/t from 32m, described as including visible gold. Several other intercepts of 1–4m at grades between about 1g/t and 5g/t were also returned. GCTW2 is defined by a soil anomaly roughly 700m along strike and 300m across; first-pass results there were lower grade but still indicated mineralised contact zones. The company said the anomalies remain open in multiple directions.
Geological Setting
The Golden Crown prospect sits within M2M's 100%-owned Gilmore gold system project, located south of Leonora in Western Australia. The project covers roughly 25 kilometres of the Merougil greenstone belt. Historical small-scale workings at Golden Crown have been documented, and the area sits along a shear corridor that the company believes connects several mineralised zones. The current drilling confirms that the gold system extends further west than previously defined.
Next Steps
The company said a follow-up RC program has been designed to test depth extensions below the best intercepts at GCTW1 and to expand coverage at GCTW2, where the anomaly is open to the east and at depth. Downhole EM surveys over the better-grade holes have also been recommended. No resource estimate exists for Golden Crown at this stage.





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