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- Red Mountain Mining (RMX) has completed a required heritage survey and will begin drilling at the Mt Maitland Gold Project in the upcoming days
- During the recent heritage survey, a consultant structural geologist completed additional geological mapping to aid Red Mountain in the upcoming drill program
- The geologist concluded that gold mineralisation is concentrated in individual zones throughout the project area
- This upcoming drilling program will consist of 18 reverse circulation holes, for roughly 1300 metres
- Red Mountain is up a healthy 14.3 per cent and shares are trading for 0.8 cents each
Red Mountain Mining (RMX) has completed a required heritage survey and will begin drilling at the Mt Maitland Gold Project in the upcoming days.
Mt Maitland spans 65 square kilometres and lies within the Murchison Goldfields of Western Australia.
It contains two north-south mineralised shear zones that span a strike length of 19 kilometres within an Archean greenstone belt.
Gold was first discovered in 1898 and historic production averaged a 19g/t gold grade.
During the recent heritage survey, a consultant structural geologist completed additional geological mapping to aid Red Mountain in the upcoming drill program.
The geologist concluded that gold mineralisation is concentrated in individual zones throughout the project area.
Further, a Red Mountain employee found a gold nugget while prospecting at Mt Maitland, confirming the potential of the high-grade mineralisation.
This upcoming drilling program will consist of 18 reverse circulation holes, for roughly 1300 metres.
Red Mountain is up a healthy 14.3 per cent and shares are trading for 0.8 cents each at 12:24 pm AEST.
