Mt Malcolm Mines NL has reported strong assay results from its recent reverse circulation (RC) drilling program at the Golden Crown Prospect, located east of Leonora in Western Australia.
The campaign comprised 24 RC holes totalling 2,520 metres, designed to test depth potential, infill known lodes, and explore western step-out targets.
The program achieved a high success rate, with 22 of the 24 holes returning gold assays above 0.2 grams per tonne (g/t) gold, and 10 holes intersecting high-grade intervals exceeding 1 g/t gold.
Shallow, high-grade highlights from the drilling include six metres at 9.28 g/t gold from 31 metres, including a peak one-metre split of 23.5 g/t gold. Additional notable intercepts returned nine metres at 3.64 g/t gold from 12 metres and three metres at 5.78 g/t gold from 13 metres.
Extensional drilling intersected gold approximately 350 metres west of the 2024–2025 core drilling area. Step-out holes along a 320-metre west-trending traverse confirmed mineralisation, expanding the project’s East-West potential mineralised corridor beyond the initial footprint.
Mt Malcolm Managing Director Trevor Dixon said the results represent a key milestone for Golden Crown, confirming that gold mineralisation extends well beyond previously drilled areas and significantly broadening the exploration footprint.
“Our next phase of work will focus on refining the geological interpretation and drilling the areas with the strongest potential to add scale and support future resource growth.”
Golden Crown currently holds a mineral resource estimate of 95.7 thousand tonnes at 1.50 g/t gold for 4,600 ounces, which does not yet incorporate the latest 2026 drilling data.
Previous metallurgical testwork demonstrated strong preliminary cyanide leach gold recoveries averaging 94.3 per cent.
The company plans to update its 3D structural model and prioritise follow-up step-out and infill drilling along the north-western trend before evaluating the data for a resource update.