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Medallion Metals Limited (ASX:MM8)

ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.565 0.135 (31.40%)+
Announcement
Release
8 Jul 2026 8:31AM
Price at Release
$0.430
Full Release
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Summary
The ASX announcement by Medallion Metals Limited discusses significant gold assay results from the company's Teddy Bear deposit. This document highlights various high-grade gold intercepts obtained through their latest round of drilling, including specific data on unmined, mined, and partly mined areas. These results are expected to enhance the understanding of the deposit's geology and potentially increase the resource base at the Forrestania Project. The report presents detailed drilling data including hole IDs, locations, depths, and gold grades, emphasizing the emergence of a second high-grade gold opportunity at the site. The findings position Medallion Metals to capitalize on the growing gold market and expand its exploration efforts at Forrestania.
Key Points
  • Significant gold assay results from Teddy Bear deposit.
  • High-grade gold intercepts identified through drilling.
  • Results include data on unmined, mined, and partly mined areas.
  • Potential increase in resource base at Forrestania Project.
  • Detailed drilling data: hole IDs, locations, depths, gold grades.
  • Emergence of a second high-grade gold opportunity at Forrestania.
  • Enhancement of deposit's geological understanding.
  • Part of Medallion Metals' strategic efforts in the gold market.
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.