Medallion Metals Kickstarts Major Drilling Program

Medallion Metals Ltd (AU:MM8) has released an update.

Medallion Metals Ltd has launched an ambitious 15,000-meter drilling program at their Ravensthorpe Gold Project to bolster confidence in their high-grade gold and copper resources and to secure the mine plan for upcoming production. The program, which includes in-fill drilling and testing new extensional targets, aims to enhance the project value and sets the stage for near term production utilizing the Cosmic Boy Process Plant. The company is optimistic about the project’s progress and expects to report initial drilling results shortly, with increased reporting frequency as additional drilling rigs arrive.

For further insights into AU:MM8 stock, check out TipRanks’ Stock Analysis page.