Mt Malcolm Mines NL (ASX: M2M) has announced initial results from a sample processing study conducted at the Golden Crown Prospect. The study assessed gold recoveries over multiple grades and the economic potential of the project by processing seven batches of samples from 62 mineralized intercepts from the February 2024 RC drilling programme using wet gravity separation at a nearby third-party plant.
The ongoing study plays a pivotal role in evaluating the economic feasibility of processing high-grade material from the company’s upcoming bulk sampling exercise. The company aims to process up to ~8,000t of high-grade material at a nearby third-party plant.
The results will assist the company to determine the suitability of aligning future small-scale mining operations to this 50tpd capacity plant due to its proximity to the Golden Crown Prospect.
Managing director, Trevor Dixon, said, “The preliminary findings of the initial analysis of the gold recovery across seven sample batches reveals a consistent trend: higher average gold grades correlate with better recovery efficiencies.”
The average gravity gold recovery achieved through the study is 63.4%, and the processing study highlights a strong correlation between higher average grades of gold and improved gold recovery. •
Also, the gold recovery across the sample batches varied within a range of 34.7% (Batch B) to 87.7% (Batch G). Batches with an average gold grade of 4g/t Au and above achieved gold recovery rates at the higher average of 73.3%.
In addition, the company has announced that site preparation has begun for the bulk sampling programme, which targets up to ~8,000 tonnes of high-grade shallow gold mineralization.
This result enhances the future mining potential at the Golden Crown prospect, emphasizing shallow, higher-grade gold mineralization. The proximity and availability of a pilot processing plant further strengthens the Golden Crown Prospect for future small scale mining operations.” Added Mr. Dixon.
To find out more, please visit www.mtmalcom.com.au
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