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- Red Mountain Mining (RMX) has completed a technical review of the Déjà vu prospect at its Mt Mansbridge Project
- This company believes the prospect could potentially host accumulation of massive sulphide containing nickel, copper, cobalt and PGEs
- Red Mountain Mining is now planning a ground-based electromagnetic survey to identify potential zones of sulphide accumulation
- The company intends to conduct the survey in the coming months, with drill testing expected to follow mid-year
- Red Mountain Mining is up 8.33 per cent and trading at 1.3 cents per share
Red Mountain Mining (RMX) has completed a technical review of the Déjà vu prospect at its Mt Mansbridge Project.
The prospect is a layered mafic-ultramafic intrusive complex, first identified by CRA Exploration in the early 1990’s. Déjà vu’s historical drilling data goes back to around 1991 to 1993, when it was originally targeted for diamond-bearing kimberlites.
At the time, CRA drilled a single, angled 100-metre reverse circulation (RC) hole into the intrusion, encountering altered peridotite.
While no diamonds or kimberlite were encountered, sporadic sampling and assaying returned encouraging results, including elevated values of up to 0.129 per cent nickel. There was also a broad zone of highly anomalous cobalt, with values of up to 0.34 per cent.
Based on these historical observations, Red Mountain believes that the rocks at the Déjà vu prospect could potentially host accumulation of massive sulphide, containing nickel, copper, cobalt and platinum group elements.
CRA did not drill test the basal contact position of the Déjà vu intrusion, due to the nature of diamond exploration. However, Red Mountain believes that this unexplored position is highly prospective for sulphide accumulations.
Petrological work conducted on recovered drill chips demonstrated pentlandite and chalcopyrite, an encouraging sign that Déjà vu may host massive nickel and copper sulphide accumulations.
Red Mountain is now planning a ground-based, electromagnetic survey, to identify zones of conductivity, which could represent potential zones of sulphide accumulation. The company intends to conduct the survey in the coming months, once the site is accessible and necessary access agreements have been received.
Any conductors identified during the survey will be drill tested during the exploration season scheduled for mid-year.
Red Mountain Mining is up 8.33 per cent, trading at 1.3 cents per share at 12:32 pm AEDT.
