Medallion Metals has released final results from its 2026 infill drilling programme at the Gem deposit within the Kundip Mining Centre in Western Australia, where the Ravensthorpe Gold Project is under development. The programme comprised 22 reverse circulation and diamond holes totalling 3,093m across the upper levels, largely confirming earlier high-grade results in zones targeted for early development. Key intercepts included 3m at 17.8 g/t gold and 0.3% copper from 66m, and 2m at 21.3 g/t gold and 0.8% copper from 58m. The company said the results strengthen confidence in the grade, width and geometry of the lodes, and several short-strike lodes were closed off as expected. Project development is progressing, with box-cut excavation at 55% completion, underground development scheduled to start in November 2026, and first underground ore expected in the second quarter of 2027.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
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