Mt Monger firing up the drill rigs to chase historic gold targets at Duchess of York
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Newly listed WA gold explorer Mt Monger Resources is firing up the drill rigs at its flagship gold project east of Kalgoorlie.
Mt Monger Resources (ASX:MTM) first target is the Duchess of York deposit, a prospect identified by Western Mining Corporation and first drilled by the former Australian mining giant in 1988 and 1989.
Hampton Hill Mining reported a non-JORC compliant resource of 132,000t at 2.3g/t for 10,000oz of gold in 2002, which until now, is where the story ended.
A 1600m reverse circulation drilling program by contractor KTE Mining Services will begin at the prospect in August, with Mt Monger aiming to confirm the known mineralisation and extend it along strike and at depth.
There is plenty of width and grades in shallow historic drilling at the Duchess of York, including strikes of 20m at 2.88 g/t Au and 6m @ 2.42 g/t Au.
Mt Monger MD Lachlan Reynolds, who worked for WMC when it was exploring around the Mt Monger region in the late 80s and early 90s, said the company is pleased to get its boots on the ground.
“The imminent RC drilling program at Duchess of York marks the commencement of a busy field exploration program for the company,” he said.
“We are very pleased to have secured the drilling services of KTE, whose expertise and equipment are well-suited for the proposed program and its crews are familiar with the Mt Monger area.
“We are excited to get drilling underway.”
The Duchess is not the only prospect keeping Mt Monger busy.
It also owns the East Laverton project a couple hundred klicks to the north, which is keeping the company busy prepping a series of regional targets for its exploration crew.
Reprocessed magnetic images have shown the Duchess of York deposit is likely part of a 2km long northwest-southeast trending mineralised structure.
There has been no drilling along the strike-length, with an aircore drilling program currently being planned to test it.
While Mt Monger’s ground is just a few kms from Lefroy Exploration’s market favourite Burns porphyry prospect, it is another nearby gold deposit that could be the analogue for the gold mineralisation on the junior explorer’s tenement.
Mt Monger says it is targeting the discovery of deposits similar in nature to Silver Lake Resources’ 500,000oz Salt Creek gold mine, which is located about 5km southeast and shares geological similarities to MTM’s target zones.
This article was developed in collaboration with Mt Monger Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.