Red Mountain’s lithium push is gaining momentum

Red Mountain continues to progress its lithium assets with ongoing reconnaissance surface sampling at the Lithic prospect in Nevada.

The sampling follows the maiden discovery of anomalous surface lithium at the Mustang project though progress has been slowed by recent unusual blizzards and extreme weather in the region.

Red Mountain Mining (ASX:RMX) noted that to improve efficiency, samples have been sent for laboratory analysis as they are obtained.

This program will continue over the next several weeks with assays to provide key indications on target area for the upcoming planned drill program.

Samples collected from uplifted claystone ridges within the hydrologically closed Monte Cristo Valley at Mustang had returned lithium assays of up to 721 parts per million, which is intriguing given the very limited historical exploration work in the area.

Australian exploration imminent

Over in the Northern Territory, the grant of EL33346 in January has allowed the company to start preparing for the commencement of field work at the end of this month.

Initial activities will include geological mapping and soil/rock chip sampling to develop prospective targets for drilling.

Geophysical surveys may also be undertaken to assist in identifying lithium-rich pegmatitic zones under cover.

EL33346 is located in the Bynoe Pegmatite Field, which hosts Core Lithium’s Grants, Carlton and Sandras lithium deposits in the Finniss spodumene mine, and is believed to be prospective for the same kind of lithium-rich pegmatites.

This article was developed in collaboration with Red Mountain Mining (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.