Medallion Metals (ASX:MM8) said new assays from in-fill drilling confirm deposit potential at Kundip Mining Center in its Ravensthorpe gold project in Western Australia, according to a Monday Australian bourse filing.
The results include 6.5 meters at 20.2 grams per tonne of gold, 5% copper, and 15.4 g/t silver from 139.2 meters.
The company's shares rose almost 8% in recent Tuesday trade, earlier hitting their highest since June 2021.
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