Mt Monger Resources Limited (ASX:MTM) has commenced a programme of aircore (AC) and reverse circulation (RC) percussion drilling has commenced at the company’s Pt Kidman and Seahorse prospects located near Laverton in Western Australia.
“A new phase of AC drilling targeting extensions of known rare earth element mineralization at the Point Kidman prospect is underway,” Exploration Manager, Antony Zebisch, said.
“This programme follows up on our previous drilling campaign and recent soil sampling results. Furthermore, RC drilling is being used to target an anomalous nickel-cobalt gossan in the Pt Kidman prospect.
“We also have exciting geochemical anomalies at the Seahorse prospect that we are targeting with both RC and AC drilling, including gold targets and an area where a 1.1% nickel and 1.57% cobalt rock chip sample was taken.”
Pt Kidman Prospect
Drilling is planned across the Pt Kidman prospect to evaluate anomalous rare earth element geochemical anomalies and an interpreted nickel-cobalt gossan. The drilling will test both newly defined REE geochemical soil anomalies in the north and east of the prospect area and extend the mineralized zones intersected by previous drilling.
The previous drilling completed by Mt Monger in May 2022 identified REE mineralization occurring as broad, near-surface, clay-hosted zones hosted within the weathering profile. The proposed AC drilling is expected to intersect similar mineralization.
A small programme of RC percussion drilling is also proposed at Pt Kidman to test a possible nickel-cobalt gossan exposure that was identified by recent rock chip sampling in the area.
AC and RC percussion drilling proposed at the Seahorse prospect will test anomalous multi- element surface geochemistry results. These surveys showed significant gold, nickel, copper, cobalt, lead, zinc geochemical anomalies and provide further confirmation that the East Laverton area contains inliers of deformed greenstone rocks interpreted from regional aeromagnetic images.
Much of the geology in the region is covered by transported material and consequently has not been explored effectively. The proposed drilling is therefore at a reconnaissance stage and designed to give the company confidence that the areas contain potentially economic mineralization.
For further information please visit: https://mtmongerresources.com.au/