ASX-listed mining exploration company M3 Mining (ASX:M3M) reports it has uncovered ‘significant’ gold (Au) mineralisation following a maiden aircore (AC) drilling program at the Jump Up 1 prospect, as part of its Edjudina Project in Western Australia.
The results, generated by a total of 119 drillholes, indicate that the Jump Up 1 Prospect remains open at depth and along strike and has returned multiple ‘significant’ gold intersections.
Key intercepts include hole EDJAC085 with 12m at 0.84g/t Au from 68m including 4m at 1.92g/t Au from 72m; and hole EDJAC071 with 3m at 1.50g/t Au from 76m.
Drilling was undertaken by Raglan Drilling in September this year across 6 of the 9 prospects at the project. This drilling uncovered and confirmed primary gold mineralisation at the project which warrants further work.
Addressing the results, M3 Mining Executive Director, Simon Eley says: “Our maiden drilling program completed in September at Edjudina was successful in uncovering primary gold mineralisation that warrants follow up RC drill testing.
“The intersections from the Jump Up 1 prospect indicate a mineralised system that is open along strike and at depth”
The intersections from the Jump Up 1 prospect indicate a mineralised system that is open along strike and at depth. The company is actively planning a follow up RC program which will provide us with a greater understanding on the style of mineralisation at Jump Up.”
The company also notes that the prospects drilled have a much deeper weathering profile than previously thought, which is encouraging for a geological system that has undergone strong alteration and deformation. M3 mining states this is a sign for a potentially large mineralised system.
Results also demonstrate the presence of a 1.2km long northwest striking gold system that is open both along strike and at depth.
In addition, in conjunction with current and historical ‘high-grade’ intercepts at Jump Up 1, ‘extensive’ soil sampling completed in the past by other parties around the prospect indicates an additional 2.5km gold-in-soils anomaly continues to the southeast along strike from where the recent drilling was completed.
M3 Mining is a Perth-based mineral exploration company that is focused on creating value for its shareholders through exploration and development of a high-quality copper and gold exploration portfolio. The company’s Edjudina project is situated within an established mining district proximal to operating mines about 150km northeast of the regional city of Kalgoorlie in Western Australia. The project has been the centre of ‘high-grade’ historical drilling that demonstrates ‘exceptional’ exploration potential.
With drilling at the Edjudina project now complete, M3 Mining announces that further Reverse Circulation (RC) and AC drilling is planned for Q1 2023 to test extensions of mineralisation at depth, as well as the 2.5km long gold-in-soil anomaly along strike of Jump Up 1 respectively.
M3 Mining reports that it is well-funded to commence follow-up drilling in 2023.
Images: M3 Mining Ltd