Mt Monger Resources (ASX:MTM) reports it has confirmed ‘significant’ gold intersections through reverse circulation drilling at the Mt Monger Gold Project, located near Kalgoorlie in Western Australia.
The company previously reported composite sample assay results for this drilling, which highlighted several ‘significant’ intersections. Assays of primary 1m RC drilling samples has confirmed and refined intersections from the drillholes, and a total of 310 new samples were assayed for gold.
A total of 26 RC percussion drillholes were completed at Mt Monger in April 2022, designed to test the gold mineralisation known at a number of prospect areas at the project, including Red Dale North, Duchess of York, Duchess of York South/Gladiator and Peters Dam.
Assays of the primary 1m drill samples has confirmed and provided better definition of the gold mineralisation intersections at Red Dale North, northwest Duchess of York, north Gladiator, and the Peters Dam prospects.
As anticipated by the company, the new downhole intersections compare favourably with the original composite samples though the revised intersections are typically slightly narrower in downhole width and have a higher gold grade.
“There is certainly scope for the discovery of a larger mineralised system”
Mt Monger Managing Director Lachlan Reynolds said initial composite sample results from this drilling program highlighted the potential for gold mineralised structures in all the areas which were tested at Mt Monger.
“Pleasingly, the new assays have confirmed the intersections and provided better resolution on the gold grade distribution.
“There is certainly scope for the discovery of a larger mineralised system.
“Based on these new results, the company is considering further drilling to infill and extend the coverage of the intersected mineralised structures.”.
At the Red Dale North Prospect, hole 22MMRC004 intersected 4m @ 5g/t Au from 48m downhole, and the overall strike length of mineralisation now considered to extend over 300m and is open both along strike and down dip.
A mineralisation zone was also further defined in the Duchess of York area, with an envelope of ‘higher-grade’ mineralisation identified.
At the Peters Dam Prospect, 3 holes were drilled to confirm historic mineralisation and to determine if a continuation of the structure exists to the south.
So far, Mt Monger has defined over 750m strike length, with potential parallel structures existing to the west.
A total of 6 holes were drilled north of the Gladiator Prospect, with 2 holes intersecting promising mineralisation and potentially defining a new mineralised structure open in all directions.
Mt Monger reports results of the more detailed assays confirm widespread gold mineralisation at the Red Dale North, Gladiator North, northwest Duchess of York, and the Peters Dam prospects.
It also says further drilling is required to evaluate the extent and continuity of the structures that host the mineralisation.
Mt Monger Resources is an exploration company searching for rare earth elements (REE), gold, lithium, nickel and base metals in the Goldfields and Ravensthorpe districts of Western Australia.
The company holds over 4,500km-square of tenements in 3 prospective mineral regions.
The Mt Monger Gold Project comprises a contiguous area of around 120km-square containing known gold deposits occurrences in the Mt Monger area, located around 70km southeast of Kalgoorlie and immediately adjacent to the Randalls gold mill operated by Silver Lake Resources (ASX:SLR).
Other projects held by Mt Monger includes the East Laverton Gold Project prospective for REE, and the Ravensthorpe Project prospective for lithium, REEs, nickel and graphite.
Images: Mt Monger Resources Ltd
