News
Gold Mountain (ASX:GMN) is a mineral explorer with projects based in Brazil and Papua New Guinea (PNG). These assets, which are highly prospective for a range of metals including lithium, copper and gold, are now actively being explored.
Gold Mountain has gradually diversified its project portfolio. The Company has a 75% holding in a package of highly prospective lithium licenses located within the eastern Brazilian lithium belt, spread over parts of the Borborema Province and São Francisco craton in north-eastern Brazil. More recently, Gold Mountain announced plans to acquire a 75% interest in a package of seven highly prospective lithium exploration licenses located in the Salinas II Project area in eastern Brazil.
In PNG, Gold Mountain is exploring the Wabag Project, which covers approximately 950km2 of highly prospective exploration ground in the Papuan Mobile belt. This project contains three targets, Mt Wipi, Monoyal and Sak Creek, all lying within a northwest-southeast striking structural corridor. The three prospects have significant potential to host a porphyry copper-gold-molybdenum system and, or a copper-gold skarn system. Gold Mountain’s current focus is Mt Wipi, which has been subjected to several phases of exploration, and the potential to host a significant copper-gold deposit is high. The current secondary targets are, in order of priority, Monoyal and Sak Creek.
KEY PEOPLE
RELATED STOCKHEAD STORIES
News
ASX Small Caps and IPO Weekly Wrap: The week we learned what Woolies is really worth
Mining
Resources Top 4: Sierra Nevada Gold strikes it lucky with strong hits at historic Warrior
News
Market Highlights: Lyft stock jumps 35pc, the new Sensational Six, and 5 small caps to watch today
News
Top 10 at 10: Rare earths exploration and a wave of yellowcake stocks
News
Rise and Shine: Everything you need to know before the ASX opens
News
ASX Small Caps and IPO Weekly Wrap: A Benchmark bonanza, but harder to pick than a broken nose
News
ASX Small Caps Lunch Wrap: Who’s ready for scientific proof that dogs are better than cats in every possible way?
News
Rise and Shine: Everything you need to know before the ASX opens
News
Closing Bell: ASX trips at starting gun while US Futures jump on world not ending yet
Mining
Gold Digger: Fed and USD flatten gold, but Ray Dalio predicts money printing bonanza
Mining
Eye on Lithium: A sniff of Sigma-like success has ASX hard rock explorers moving to Brazil
News
Top 10 at 11: Lithium, gold, lithium and REEs and lithium seem to be the theme for the day. Again.
Experts
SUNDAY ROAST: The small caps that lit a fire under Stockhead’s experts this week
Experts
MoneyTalks: Why Peak Asset Management is betting on these biotech and lithium plays
Mining
Eye on Lithium: Could this tiny town be the epicentre of a US lithium boom?
News
Closing Bell: ASX falls flat after strong employment data muddies waters
News