Mt Monger Resources (ASX:MTM) begins RC drilling on namesake project – The Market Herald

0

Subscribe

Be the first with news that moves the market

  • Mt Monger Resources (MTM) begins reverse circulation (RC) percussion drilling on its eponymous gold project in Western Australia
  • The drilling will test the York South, Red Dale North and Peters Dam prospecting zones, all of which are high priority as previous work intersected significant gold mineralization.
  • Between 2000 and 2500 meters will be drilled with results to be announced in due course
  • Mt Monger shares ended the day 5.56% in the red at 17 cents

Mt Monger Resources (MTM) has started reverse circulation (RC) percussion drilling on its eponymous gold project in Western Australia.

The drilling will test the York South, Red Dale North and Peters Dam prospecting zones, all of which are high priority with previous work intersecting significant gold mineralization.

Soil sampling at these prospects has also highlighted the potential for gold mineralized structures that have been poorly tested by historical drilling.

Between 2,000 and 25,000 meters will be drilled and results will be announced in due course.

“A new phase of RC drilling targeting gold mineralization is underway at our Mt Monger
project. This work will focus on a number of different prospecting areas where
drilling has intersected mineralization and where our recent soil sampling program has
highlighted surface gold anomalies along potentially mineralized structures,” said Managing Director Lachlan Reynolds.

“Our exploration team has identified many opportunities both to increase the size
and continuity of known gold mineralization and to potentially make new discoveries
and we would like to test these targets with drilling.

The Mt Monger project covers an area of ​​122 square kilometers and is located in the highly prospective Mt Monger area, approximately 70 kilometers south of Kalgoorlie.

It consists of 12 concessions, including nine exploration permits and three prospecting permits.

Shares of Mt Monger fell 5.56% and were trading at 17 cents at market close.

Share.

Comments are closed.