Red Mountain pushing ahead with rare earths, gold exploration
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Red Mountain continues to progress its separate rare earths and gold exploration programs at the Mt Mansbridge and Maitland projects in Western Australia.
Over at Mt Mansbridge, the company completed the collection of 952 soil samples from the Killi-Killi, Vader and Kylo prospects that were identified through geochemistry work earlier this year.
Samples were analysed using a rare earth elements calibrated portable XRF with areas of interest immediately infilled by the team.
Red Mountain Mining (ASX:RMX) expects to start mapping and rock chipping of the REE anomalies once the assays are returned in early August to define targets for drill testing later this year.
Drilling of the REE targets will be co-funded by the West Australian government up to $150,000 under the Exploration Incentive Scheme.
The company also expects to carry out a moving loop electromagnetic survey over the Déjà vu nickel-copper-cobalt and platinum group element prospect soon.
Over at the Maitland project, diamond drilling at the Maitland South prospect is progressing well with the company expecting to intersect the target induced polarisation anomaly in the coming days.
The IP chargeability anomaly coincides with the interpreted down dip position of the mineralised Maitland shear zone.
Maitland South is a +500m long shear zone characterised by numerous historical workings with shallow reverse circulation drilling returning results such as 7m grading 3.3 grams per tonne (g/t) gold from a depth of 34m.
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.