Monger Gold begins maiden drilling program at Providence gold prospect within Mt Monger North
Monger Gold has raised $5 million to fund its first two years of exploration in WA’s eastern goldfields.
Monger Gold (ASX: MMG) has started its much-anticipated maiden reverse circulation infill drilling program at the Providence prospect within its Mt Monger North gold project in Western Australia.
The infill program is expected to build on historical results and provide a better-understanding of the gold mineralisation that’s present.
It will test down dip and the strike extent of mineralisation and comprise about 600m of drilling.
Monger non-executive chairman Peretz Schapiro said its was an “exciting” day for the company as it embarks on its maiden RC drilling program.
He said the program will provide “important additional insight” into the Providence target and assist with directing ongoing exploration.
“We are also starting to receive analytical results in relation to historical soil sampling and augur vacuum drilling undertaken at Mt Monger North and will release those results to market once they have been fully assessed,” he added.
Mt Monger North gold project
Data from historical drilling at Providence that Monger has at hand comprises highlight results of 5m at 7.17 grams per tonne gold from 9m, 1m at 20.7g/t gold from 54m, and 2m at 4.21g/t gold from 33m.
The results that are pending are from former owner Torian Resources’ (ASX: TNR) vacuum drilling, which is also expected to generate “considerable additional data” to shape ongoing exploration.
Mt Monger South and Gibraltar
In addition to Mt Monger North, Monger is actively exploring its other two key projects: Mt Monger South and Gibraltar.
Historical exploration at these projects has also identified gold mineralisation.
At Mt Monger South previous work unearthed 1m at 1.32g/t gold from 1m, and 1m at 1.54g/t gold from 14m.
Over at Gibraltar, highlight results were 1m at 27.2g/t gold from 28m, 3m at 3.27g/t gold from 27m, and 5m at 1.7g/t gold from 19m.
All projects contain multiple exploration targets and are in a known prospective gold province.
The assets are also close to the major WA mining centres of Kalgoorlie and Coolgardie.
Soil sampling is underway at Gibraltar and Mt Monger South using the CSIRO’s Ultrafine+ technology.
The company expects this technology will enhance its chance of gold discoveries across its tenements.