Mt Malcolm Mines Launches 2,000m Drilling to Unlock Sunday Picnic Gold Potential

Mt Malcolm Mines has initiated a significant 2,000-metre drilling campaign at its Sunday Picnic Prospect, aiming to refine gold resource estimates and advance mining lease consolidation in Western Australia’s Eastern Goldfields.

  • 2,000m Reverse Circulation drilling underway targeting shallow gold mineralisation
  • Infill drilling to tighten spacing from 100m to 50m along a 700m strike corridor
  • 500m drilling planned beneath historic Sunday underground workings
  • Mining Lease Application lodged consolidating 15 tenements at Sunday Picnic
  • Drilling supports upcoming maiden JORC-compliant Mineral Resource Estimate
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Drilling Program Commences at Sunday Picnic

Mt Malcolm Mines NL (ASX – M2M) has embarked on a ~2,000 metre Reverse Circulation (RC) drilling program at its Sunday Picnic Prospect, part of the company’s wholly owned Malcolm Project in Western Australia’s prolific Eastern Goldfields region. This campaign is designed to infill and test shallow, structurally controlled gold mineralisation along a well-defined 700-metre strike corridor, with the goal of advancing the project towards a JORC-compliant Mineral Resource Estimate.

Strategic Infill and Historical Workings Testing

The drilling program includes approximately 1,500 metres of infill drilling aimed at reducing drill line spacing from historical 100-metre intervals to 50 metres, enhancing the geological understanding of near-surface gold continuity. An additional 500 metres will target mineralisation beneath the historic Sunday underground mine, which produced high-grade gold in the early 20th century. These efforts are critical to validating historical data and supporting resource estimation.

Geological Context and Development Potential

Sunday Picnic lies within the Norseman–Wiluna Greenstone Belt, a geologically robust gold system characterised by quartz-carbonate-pyrite veining and alteration minerals conducive to shallow, oxide-hosted gold deposits. The mineralisation’s proximity to surface and structural continuity with historic workings position the prospect as a promising candidate for low-cost open-pit mining. The company has also lodged a Mining Lease Application covering 15 contiguous tenements, consolidating the area and facilitating streamlined development.

Looking Ahead – Resource Estimation and Development

Mt Malcolm Mines expects to complete the drilling by August 2025, with assay results anticipated within 4–5 weeks thereafter. These results will be integrated with historical data to update the geological model and progress towards a maiden JORC Mineral Resource Estimate. The company’s Managing Director, Trevor Dixon, emphasised the technical appeal of Sunday Picnic and its role in advancing Mt Malcolm’s strategy to become development-ready.

Bottom Line?

As drilling progresses, Mt Malcolm Mines moves closer to defining a viable gold resource that could reshape its development trajectory.

Questions in the middle?

  • Will the new drilling confirm the continuity and grade of historical high-grade gold intercepts?
  • How quickly will the Mining Lease Application be approved to enable development?
  • What impact will the maiden JORC resource estimate have on Mt Malcolm’s valuation and project financing?