Red Mountain kicks off field work at NT lithium project ahead of dry season
Link copied to
Red Mountain Mining has completed the initial field investigation of tenement EL 33346 at its Charlotte lithium project in the Northern Territory ahead of more extensive exploration planned in the dry season in May.
The preliminary field mapping identified 4 pegmatite outcrops over accessible parts of the tenement and 3 pegmatite trends – however significant portions of the tenement remain unexplored due to wet season access issues.
The mineralogy of the outcrops is dominated by coarse crystalline quartz with minor to moderate accessory minerals, and samples from outcrop four have been submitted for potential gold mineralisation.
The Charlotte Lithium Project, less than 100km by road from Darwin, NT, is located within the Bynoe Pegmatite Field.
Notably, the mapped pegmatites trended north-north-west, which Red Mountain Mining (ASX:RMX) says confirms the regional strike of known pegmatite occurrences throughout the region.
While access to the central and eastern areas of the tenement were restricted by access issues associated with the current wet season, the company says t areas remain prospective for exploration and will be further investigated during the dry season – expected to start in May.
In addition, RMX has recommenced surface sampling at its Lithic and Mustang Projects in Nevada, USA off the back of favourable weather conditions.
This latest geological mapping, assay results and interpretation work will now enable the company to develop its exploration drilling program for the projects.
This article was developed in collaboration with Red Mountain Mining Limited (ASX:RMX), 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