Monger Gold discovers extensive gold anomaly at Monger North project
Drilling at Mt Monger North will test depth and extensions to mineralisation intercepted in the initial campaign last year.
Junior explorer Monger Gold (ASX: MMG) has announced it has discovered an extensive gold anomaly in the southeast portion of its Providence target area in Western Australia.
The Providence prospect is within the company’s Mt Monger North project, located 50km from Kalgoorlie and just 5km from Silver Lake Resources’ (ASX: SLR) Daisy Milano mining centre.
Monger had excavated five surface trenches to test for southeast extensions to known gold mineralisation at Providence, where recent reverse circulation and diamond drilling defined a 16,400-ounce JORC resource earlier this month.
Today the company reported gold and multi-element assay results from 4m composite channel samples from the trenches including a significant 52m interval grading more than 106 parts per billion gold. This result is comparable to the signature in the trench adjacent to the Providence prospect, Monger said.
The anomaly is open to the southeast for 500m strike and is located northwest of Lefroy Exploration’s (ASX: LEX) Hang Glider North gold-in-soils anomaly but is considered twice the magnitude as Hang Glider North reached a peak of 50ppb gold.
It’s worth noting that the anomalous area has not been previously soil sampled or drill tested.
Monger chairman Peretz Shapiro said the discovery of this significant anomaly gives the company the confidence to continue its systematic exploration in the relatively mature mining area.
“New gold targets have been generated in areas previously believed to be non-prospective for gold mineralisation and therefore overlooked by previous explorers,” he added.
Soil sampling program continues
Monger is now referring to this southeast Providence area as the Samocynda prospect.
The prospect has been added to the ultrafine (UFF) soil sampling program being undertaken across all Monger North project tenements.
Following this, a drilling campaign is expected to test saprolite and transitional rock beneath and along strike of the trench geochemical gold anomaly at Samocynda.