M3 Mining (ASX: M3M) tests gold at Edjudina

M3 Mining Limited will put the acid into a new gold trend and known extensions with a maiden air-core drilling program at its Edjudina Gold Project, 140km northeast of Kalgoorlie, WA.

The A 5,000 – 10,000-metre maiden air-core drilling program will test extensions to known neighbouring mineralisation, high priority anomalies identified by soil sampling and ground-based Sub-Audio Magnetic (SAM) surveys.

The company will target three prospects bearing a significant untested and shallow anomaly along the strike of the resource located on tenure held by a joint venture between Legacy Iron (ASX: LCY) and Cazaly (ASX: CAZ).

Additionally, the program will test the interpretation that known principle mineralised structures continue on the Company’s tenements, highlighted by the results of the Sub-Audio Magnetic (SAM) Survey completed in December 2021.

This maiden drilling program will also test two additional targets to the east, generated from pathfinder elements following the soil sampling exercise.

Subject to results from this initial program, M3 Mining anticipates planning an RC drilling program to test the priority targets generated by the air-core drilling program.

“The commencement of a drilling program is an exciting time for any exploration company, and this air-core program at Edjudina is no exception,” Executive Director Simon Eley said.

“We are very keen to test not only the new gold trend identified following the recent soil sampling exercise but also extensions to known neighbouring mineralisation in a prolific gold producing region.”

The Company’s ASX shares are 15.5c.

About M3 Mining

M3 Mining Limited (ASX: M3M) is a Perth-based mineral exploration company focused on creating value for shareholders through the exploration and development of a high-quality copper and gold exploration portfolio. M3 Mining’s projects are strategically located in regions surrounded by majors and have experienced minimal modern, systematic exploration across both projects. The Company’s strategy is to apply a systematic approach to the assessment and prioritisation of its projects, all of which have the potential to produce material discoveries.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.