Mt Malcolm Mines NL (ASX:M2M)
Mt Malcolm Mines NL (ASX:M2M) is a gold focused exploration company. The Company has assembled a tenement package surrounding the Malcolm Mining Centre in the Central Eastern Goldfields, 10-25km east of Leonora. The holding is strategically positioned, has excellent access and is surrounded by several world class gold producers and treatment facilities.
The Project area is within the Kurnalpi Terrane of the Mt Margaret Mineral Field in the Malcolm District of Western Australia. The surrounding Leonora and Laverton Districts have a long and rich gold mining history and are regarded as a well-endowed tier one mineral province.
The Company believes the Malcolm Greenstone Belt is highly prospective for gold mineralisation. Past and recent production, countless workings with untested strike extensions, positive drill assay results, similar structure and rock types of a suitable age together with nugget finds and somewhat superficial past exploration activities indicate and confirm positive gold vectors.