Red Mountain pinpoints drill targets at Mt Maitland project
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Special Report: Red Mountain Mining is gearing up to drill 3,000m, focused on 21 targets at its high-grade Mt Maitland gold project in WA’s Murchison goldfield.
The drill hole targets, including five high priority targets, were selected by Red Mountain Mining (ASX:RMX) on the advice of its specialist consultant Dr Nigel Brand after he completed an independent review of historic geochemical data from the project area.
Dr Brand’s geochemical analysis has reinforced Red Mountain’s targeted approach at Mt Maitland, which contains two, distinct north-south mineralised shear zones over a strike length of 19km within an Archean greenstone belt.
Red Mountain intends to test three of the five high priority targets, including Jacia-Mt Maitland trend and Lenanphyl — which have been drilled previously, and one target that has not, Second Chance South.
Dr Brand interpreted contacts between different rock types such as basalts, dolerite and basaltic rocks as one of the key controls of the gold anomalism, and the five priority targets for drilling are within the interaction of these contacts.
Soil sampling of the five priority targets have confirmed the analysis which will be tested in a forthcoming drilling program. This is in addition to an earlier round of sampling.
Fresh rock chip sampling at sites across the Mt Maitland tenure has confirmed prospectivity for up to 6 grams per tonne (g/t) gold, 58g/t silver and 7.44 per cent copper.
Red Mountain’s technical team has scheduled a multi-phase drilling program of up to 3,000m to test targets at Mt Maitland, including an initial phase of 1,000m to test Jacia-Mt Maitland and Lenanphyl.
Drilling at Mt Maitland South will test the extension to mineralisation intersected earlier in July, including a hit of 13m at 2.53g/t from 9m.
At Lenanphyl, drilling will test the magnetic and soil signature of the tenement in an area with shafts 10m deep, for which there is limited production records.
The geochemical analysis also confirms the prospectivity of Red Mountain’s new tenement application to the northwest of the Jacia-Mt Maitland trend.
Gold was first discovered at Mt Maitland in 1898, and historic production records note an average grade of 19g/t gold.
This article was developed in collaboration with Red Mountain Mining, 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.