Red Mountain Mining (ASX:RMX) - Managing Director, Jon Dugdale
Managing Director, Jon Dugdale
Source: Business News
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Red Mountain Mining (RMX) has begun the exploration field season at its Mt Mansbridge Project in WA’s East Kimberley region
  • The company recently inspected the site with the land’s traditional owners, and agreed upon initial work programs and project access
  • Starting in early June, Red Mountain will commence target definition exploration programs, with an initial focus on three priority targets
  • The company’s activities at Mt Mansbridge will be partially funded by up to $150,000 in EIS co-funded drilling assistance
  • Red Mountain Mining is up 11.11 per cent and trading at one cent per share

Red Mountain Mining (RMX) has begun the exploration field season at its Mt Mansbridge Project in WA’s East Kimberley region.

Recently, representatives of the company conducted an inspection of the site along with members of the Tjurubalan, the land’s traditional owners. Initial work programs and access to the project area were agreed upon and authorised, allowing the field season to begin.

Red Mountain Mining’s exploration programs at Mt Mansbridge are set to commence in early June, starting with initial target definition programs. This work will advance the project’s various heavy rare earth element (HREE) and nickel-copper-cobalt-platinum group element (PGE) prospects.

The company’s HREE exploration will initially focus on three priority targets; the Killi-Killi, Kylo, and Vader prospects. Red Mountain will conduct geochemical surveys, mapping, and rock-chipping at these prospects in order to identify drill targets for later in the 2021 field season. 

The company is also planning to conduct a moving loop electromagnetic (MLEM) survey at the Déjà vu prospect. This survey will assist in identifying potential zones of massive sulphide accumulations for future drill testing. 

Finally, Red Mountain is planning a broader regional geochemical survey, to be conducted over the project as a whole. Much of this exploration work will be partially funded by up to $150,000 in EIS co-funded drilling assistance, which the company successfully applied for recently. 

Red Mountain Mining is up 11.11 per cent, trading at one cent per share at 10:09 am AEST.

RMX by the numbers
More From The Market Online

High grade sniffs in Africa push Mako shares up 14%

Mako Gold Ltd (ASX: MKG) has seen its shares jump above 14 percent on news that it has discovered a high grade zone

Fortescue recovers from iron ore export slump with record shipments in month of March

Fortescue has delivered a mixed-bag report for the March 2024 Quarter, showing a recovery in iron…
Magnetite

Fe grades above 71% make Cyclone Metals bullish about Iron Bear pilot plant

Cyclone Metals, an iron ore developer which has built its business progressing Canadian magnetite play Iron…

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Augustus Minerals is reporting high grade copper rock chip results at Ti-Tree in WA based on…