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Mt Monger Resources (ASX:MTM) - Managing Director, Lachlan Reynolds
Managing Director, Lachlan Reynolds
Source: Mt Monger Resources
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  • Mt Monger Resources (MTM) completes the initial drilling program at the Duchess of York Prospect in Western Australia
  • All up, the company has drilled 28 reverse circulation holes were drilled to test known gold mineralisation
  • Mt Monger has also undertaken drilling 500 metres along strike from Duchess of York and intersected several zones of quartz veining
  • Samples have been sent to the ALS laboratory in Kalgoorlie for analysis with results expected in four to six weeks
  • Shares in Mt Monger are up 7.69 per cent and are trading at 21 cents

Mt Monger Resources (MTM) has completed the initial drilling program at the Duchess of York Prospect in Western Australia.

The Duchess of York Prospect is part of Mt Monger’s namesake project which lies 70 kilometres south of Kalgoorlie and covers 122 square kilometres.

All up, MTM drilled 28 reverse circulation (RC) holes, for 3226 metres, to test known gold mineralisation.

Drilling intersected a complex package of felsic, mafic and ultramafic lithologies with copious quartz veining and zones of pyrite mineralisation.

Mt Monger also undertook drilling 500 metres along strike from Duchess of York and intersected several zones of quartz veining.

Samples have been sent to the ALS laboratory in Kalgoorlie for analysis with results expected in four to six weeks.

If significant gold mineralisation is intersected, Mt Monger will potentially undertake further drilling.

Managing Director, Lachlan Reynolds, was pleased with the completion of drilling and is awaiting results.

“Completion of the drilling program at the Duchess of York Prospect marks an important exploration milestone and we are eagerly awaiting assay results,” Mr Reynolds said.

“We are pleased to have been able to source a drilling rig so soon after listing the company and to mobilise our technical team into the field.”

Shares in Mt Monger were up 7.69 per cent and were trading at 21 cents at market close.

MTM by the numbers
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