Mt Malcolm Mines (ASX:M2M) said stockpiled material at the Golden Crown prospect, part of the Malcolm project, in Western Australia comprises of 2,442 wet metric tonnes of mineralized material estimated, with an average grade of 3 grams per tonne of gold, according to a Friday Australian bourse filing.
A total of 48 grab samples were collected and the stockpile grab sample grade reached up to 42.74 g/t grade of gold. The stockpile consists of unprocessed mineralized material from a recent bulk sampling program.
It plans to evaluate cost-effective processing options to maximize returns from existing stockpiles.
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