Red Mountain expedites exploration across gold-antimony assets
Red Mountain Mining (ASX:RMX) is accelerating exploration programs across its three key gold-antimony projects in Canada and Australia. At the Fry Lake Gold Project in Ontario, Canada, exploration work is set to kick off in the Canadian field season after winter.
The company plans to target high-grade gold areas of quartz-vein hosted gold mineralisation at the Flicka zone, where initial results provided justification for further surface sampling and drill testing to better understand its extent.
Red Mountain will also target two new areas with highly anomalous gold in-soi, which represents two new potential high-grade orogenic gold targets within Fry Lake.
The prospects will be followed by further detailed surface sampling, including trenching to expose underlying basement geology, followed by anticipated drill testing.
Further, the company will also target two copper-rich polymetallic soil anomalies consistent with volcanic-hosted massive sulphide mineralisation.
At the Armidale Antimony-Gold Project in New South Wales, a rock chip and soil sampling program has been planned over three sites, with over 1,300 samples to be collected.
Consultants have been engaged to conduct a land ownership search across the tenement and direct engagement with landholders is progressing.
The company believes mineralised areas have high residual potential given the historical antimony mining and limited historical exploration.
Meanwhile at the Kiabye Gold Project in Western Australia, a high-resolution ground magnetics and targeted portable x-ray fluorescence assay program has begun.
The program is designed to additionally define potential gold bearing structures for conventional wet geochemical sampling.
Red Mountain Mining is a mineral explorer focused on the discovery and development of gold, lithium, rare earths, and base metal projects in Canada, Australia, and the US.
Source: https://mining.com.au/