- Red Mountain Mining (RMX) has identified two anomalies at the Mt Maitland Project in Western Australia
- The anomalies were identified through a recently completed induced polarisation survey which targeted two mineralised zones
- In an upcoming diamond drilling program, Red Mountain Mining will test the anomalies’ potential for precious and base metal mineralisation
- All relevant approvals, as well as a drilling contractor, have been secured for the program to begin in the next few weeks
- Company shares are trading in the grey at 1.2 cents
Red Mountain Mining (RMX) has identified priority anomalies at the Mt Maitland Project in Western Australia’s Murchison region.
Zonge Engineering and Research Organisation recently completed an induced polarisation survey. Initially, the survey consisted of three 1.6-kilometre-long lines. However, encouraging results early on led to a further two infill lines being completed.
Pleasingly, the survey work identified the two targets at depth and trend along the Jacia and Maitland South mineralised zones.
The Jacia prospect is believed to be prospective for volcanogenic massive sulphide-style precious and base metal mineralisation. Meanwhile, the Maitland South prospect is a 500-metre-long gold mineralised shear zone.
These IP anomalies will be followed up in the next phase of diamond drilling.
Red Mountain Mining has already been granted government approval and heritage clearance for the upcoming drilling program.
In addition, it has secured a diamond drilling contractor who will commence work either at the end of April or start of May.
Company shares are trading in the grey at 1.2 cents at 11:28 am AEST.