Gold Mountain identifies major lithium corridors in Solonópole tenements

Gold Mountain (ASX: GMN) has identified highly-anomalous lithium in a new batch of samples obtained from the Solonópole tenements in the northern zone of Brazil’s Borborema province.

It is now believed that a previously productive lithium belt may extend into the area, with high-grade results of up to 173 parts per million among 434 stream sediment samples.

Gold Mountain will now focus on two major anomaly clusters among six probable lithium corridors identified that lay parallel to the known regional corridor.

Pathfinder elements

Assays also identified known lithium pathfinder elements such as tantalum, tin and beryllium associated with many of the anomalous lithium results.

The company has ascertained what it believes are the most likely lithium corridor directions and its follow-up work will investigate those areas as well as potential alternative paths.

This work will include soil sampling over the highest order anomalies in two separate corridors and some in-fill drainage sampling will be carried out on large anomalous catchment areas.

Upcoming program

The company will use the current results and returns from the upcoming sampling program to select targets for future reverse circulation and diamond drilling campaigns.

Executive director David Evans said it appears the extensive narrow belt of lithium occurrences and the location of lithium producers to the north both indicate that the potential extends into the Gold Mountain tenements.

Gold Mountain also plans to follow up on artisanal workings identified by local residents within the company’s tenements.

Rare earth success

The lithium discoveries add to Gold Mountain’s recent rare earth element exploration success in Brazil, with initial exploration work at the Down Under project identifying the potential for ultra-high-grade hard rock monazite-hosted mineralisation.

Earlier this week, the company identified mineralisation with peak values of up to 1,196 ppm total rare earth oxides among 54 stream samples collected within Down Under’s Irajuba tenements.

The company recently applied for nine new tenements to cover extensions of highly anomalous catchments in the north-west of the Irajuba tenements.