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Medallion Metals Limited (ASX:MM8)
ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.525 0.015 (2.94%)+
Announcement
Release
14 Aug 2026 9:06AM
Price at Release
$0.510
Full Release
Summary
Medallion Metals Limited (ASX: MM8) announced significant drilling results at the Lounge Lizard site, specifically at McMahon's Pit within the Forrestania Gold Project in Western Australia. The company identified high-grade gold intercepts, including a new hangingwall lode, which extends the known mineralization. Historical drilling data has been revalidated with re-assays showing approximately 20% higher gold grades. Medallion plans a 6,700-meter combined Diamond and RC drilling program to further extend and confirm mineralization at Lounge Lizard.
Key Points
- High-grade gold intercepts identified at Lounge Lizard, McMahon's Pit.
- New hangingwall lode discovered, extending known mineralization.
- Historical results validated with re-assays showing ~20% higher gold grades.
- Planned 6,700m combined Diamond & RC drilling program to extend Lounge Lizard mineralization.
- Lounge Lizard gold mineralization concentrated along mafic and ultramafic contact.
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.
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