Gold Mountain Limited (ASX:GMN) Jiquirica Results Extend Area of Very Highly Anomalous Rare Earths on Down Under REE Project
Price Sensitive Announcement $
Overview
Gold Mountain Limited has announced it has received a batch of 54 stream sediment samples from the Irajuba tenements in the Down Under Project area. Very high-grade results in stream sediment samples demonstrate that the Jiquiriçá tenements in Down Under have excellent REE potential.
Highlights:
Work Undertaken
- Assays received from regional stream sediment sampling with peak values of 1,196
ppm TREO - Potential for ultra-high grade hard rock monazite hosted REE-Nb-U-Sc mineralisation is also indicated from the stream sediment sample results, some of which are coincident with higher value TREO anomalies
- Additional drill sites have been designed to test the extended areas of the most highly anomalous results for both hard rock monazite mineralisation as well as IAC mineralisation
Future Workplan
- Identification of specific drill sites has been undertaken to cover known well preserved lateritic weathering areas
- Radiometric traversing will be undertaken within the most highly anomalous catchments and along all drill traverse lines to search for potential Ultra-high grade hard rock deposits
- A program of stream sediment pan concentrate sampling is planned
- The Company has identified three groups of catchment areas with strongly anomalous geochemical REE assay results with two areas having strongly anomalous results indicating potential for ultra-high grade hard rock mineralisation
- Drill targets have been defined and proposed drill sites planned. Permits for drilling the Irajuba tenements will be sought in the fourth quarter of 2024
Full ASX Announcement: 2A1539635.pdf (discoveryalert.com.au)