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Medallion Metals Limited (ASX:MM8)

ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.425 0.02 (4.94%)+
Announcement
Release
3 Jun 2026 8:50AM
Price at Release
$0.405
Full Release
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Summary
Medallion Metals Limited has reported exceptional high-grade gold discoveries from their Lounge Lizard project, highlighting significant intersections such as 5 meters at 10.16 g/t Au from 98 meters depth, with a notable inclusion of 1 meter at 38.5 g/t Au. The drilling campaign aims to extend existing mineralization and uncover new zones, with promising results supporting the potential for substantial gold resources. The company plans further exploration to verify and expand these promising findings.
Key Points
  • Medallion Metals Limited announced exceptional high-grade gold results from the Lounge Lizard project.
  • Significant gold intersections include 5 meters at 10.16 g/t Au from 98 meters, including 1 meter at 38.5 g/t Au from 98 meters.
  • The drilling campaign is focused on extending known mineralization and discovering new zones of gold enrichment.
  • Several drill holes returned noteworthy results, indicating the potential for substantial gold resources.
  • The company is committed to further exploration to confirm and expand the current findings.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.