Mt Monger (ASX:MTM) pours acid on Pt Kidman and Seahorse
January 20, 2023Mt Monger Resources has started a highly anticipated new phase of drilling targeting extensions of known rare earth element mineralisation at its Point Kidman and Seahorse prospects, part of its East Laverton project in Western Australia.
Aircore drilling at Pt Kidman will target recently discovered anomalous rare earth element geochemical anomalies and an interpreted nickel-cobalt hosting area.
The exploration will put newly defined REE geochemical soil anomalies in the north and east of the prospect area while seeking to extend the mineralised zones intersected by previous drilling.
Meanwhile, AC and RC interrogation is proposed for the Seahorse prospect, testing promising anomalous multi-element surface geochemistry results.
“We also have exciting geochemical anomalies at the Seahorse prospect that we are targeting with both RC and AC drilling, including gold targets and an area where a 1.1% nickel and 1.57% cobalt rock chip sample was taken,”Exploration Manager Antony Zebisch said.
“The Company is very excited about the potential outcomes of this program and we look forward to announcing assay results in due course.”
The gridded surface TREE geochemistry image at the Point Kidman prospect shows previous and proposed drilling.
Price Action
The Company’s ASX-listed shares have risen 3.61 per cent today to 8.6c in early morning trade.
About Mt Monger Resources
Mt Monger Resources Limited is an exploration company searching for gold, lithium, nickel, rare earth elements (REE) and base metals in Western Australia’s Goldfields and Ravensthorpe districts. The Company holds over 4,000 km2 of tenements in three prolific and highly prospective mineral regions. The Mt Monger Gold Project comprises a contiguous area of ~120km2 containing known gold deposits occurrences in the Mt Monger area, located ~70km SE of Kalgoorlie and immediately adjacent to the Randalls gold mill operated by Silver Lake Resources Limited. The East Laverton Gold Project is a regionally extensive package of underexplored tenements prospective for gold, base metals and REE. The Ravensthorpe Project contains a package of tenements in the southern part of Western Australia between Esperance and Bremer Bay which are prospective for a range of minerals, including lithium, REE, nickel and graphite. Priority drilling targets have been identified in all project areas, and the Company is well-funded to undertake effective exploration programs. The Company has an experienced Board and management team focused on discovery to increase shareholder value.
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