MTM approvals advance REE drilling at Pt Kidman

Mt Monger Resources (ASX: MTM) is expanding REE exploration at the Pt Kidman prospect following approvals from Traditional Owners for reconnaissance aircore drilling, subject to completing site clearances. 

The prospect, part of the Company’s East Laverton project., is strategically located adjacent to the current exploration areas and significantly expands the total area considered prospective for REE mineralisation.

The Company said simultaneous soil sampling results continue to highlight previously unknown, broad areas of coherent anomalism that may reflect a large-scale hydrothermal system with potential for a Tropicana style deposit, representing a vital greenfield target.

REE exploration results show areas of potential REE mineralisation based on available geochemical, geophysical and drilling data.

“The technical team has been spending a lot of time in the field over past months at our East Laverton project, advancing both the reconnaissance soil sampling program and the rare earth element exploration campaign at the Pt Kidman prospect area,” Managing Director Lachlan Reynolds said.

“By successfully negotiating a clearance process under our heritage protection agreement with the local Traditional Owners, we can rapidly expand our drilling coverage of the emerging district-scale rare earth project.”

The Company’s ASX shares will open at 14c.

Further Work

The Company is continuing to progress with its planned drilling to test high-priority target areas now that a process for obtaining heritage clearances has been agreed. Additional aircore drilling in the Pt Kis is currently being designed and permitted for the large, previously untested areas within the tenement block.

The proposed drilling program will comprise vertical drill holes to test the regolith profile forREE mineralisation, as observed in the recently completed program. 

Drilling will test the extent, continuity and grade of REE mineralisation.

Further soil sampling is also planned, extending geochemical sampling coverage further north into the Pt Kidman prospect and other areas. 

The Company is anticipating granting further tenements, and sampling may also be undertaken as a first-pass evaluation of prospectivity.

About Mt Monger Resources

Mt Monger Resources is a mineral exploration, and development company focused on gold and other precious metals discoveries in Western Australia. The Company’s projects comprise the Mt Monger Gold Project and the East Laverton Gold Project.

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