Mt Monger Resources (ASX:MTM) has completed a review of rare earth element (REE) potential at its Pt Kidman prospect, part of the East Laverton Project located in Western Australia.
Recent drilling at Pt Kidman has successfully intersected significant widths and grades of REE mineralisation in all areas that were tested.
The area of known REE anomalies extends over and area of more than 20km by 10km, indicating that Pt Kidman area represents a potentially large-scale, rare earth element project.
Mt Monger Resources reports that the recent drilling program only tested a small part of this prospective terrane but has locally shown significant continuity and grade within the mineralised zone within the weathering profile over Archaean granitoid rocks.
Commenting on the results of the review, Managing Director Lachlan Reynolds stated: “Since listing in July 2021 Mt Monger has been excited to test the potential for shallow, rare earth element mineralisation at our East Laverton Project.
“Since listing in July 2021 Mt Monger has been excited to test the potential for shallow, rare earth element mineralisation at our East Laverton Project”
A work program since that time has recently culminated in a reconnaissance aircore drilling program that confirmed the presence of broad, shallow mineralisation in the weathering profile over parts of the target area.
The successful drilling has emphasised the potential scale of the REE mineralised terrane. The company’s exploration team now have identified numerous opportunities to test for both extensions of the known mineralisation and for new zones of mineralisation.
Planning and permitting is currently underway to undertake further drilling and we are keen to understand if the area contains higher-grade zones and what variations exist in the “basket” of rare earth elements that the mineralisation contains.”
Additional aircore drilling in the Pt Kidman area is currently being permitted and the company is in the process of obtaining heritage clearance from the traditional owners.
The proposed drilling program will comprise vertical drill holes to test the regolith profile for REE mineralisation, like that observed in the recently completed program. Drilling will test the extent, continuity, and grade of REE mineralisation.
Mt Monger Resources is an exploration company searching for gold, lithium, nickel, rare REE, and base metals in the Goldfields and Ravensthorpe districts of Western Australia. The company holds over 4,500km-square of tenements in three prolific and highly prospective mineral regions.
The Mt Monger Gold Project comprises a contiguous area 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.
Images: Mt Monger Resources Ltd
