Monger Gold resumes drilling at Providence, follows up 2021 gold hits

Monger Gold ASX MMG resumes drilling Providence 2021 gold hits
Drilling at Mt Monger North will test depth and extensions to mineralisation intercepted in the initial campaign last year.

A 3,000m reverse circulation has begun at Mt Monger North, the priority project for Monger Gold (ASX: MMG) as it tests depth and along strike from high-grade hits it reported last year from the Providence prospect.

In November, Monger Gold reported results from Providence including 3m at 7.07m and 8m at 16.15g/t, and 8m at 31.4g/t.

The company says planned drill hole spacing over 28 locations will enable it to release a maiden resource estimate at the end of the program.

The program will test depth and strike extensions found in the stage one program in 2021.

Previous explorers overlooked potential for deeper veins

Chairman Peretz Schapiro said the drilling results so far have confirmed Providence as a key project for the company.

“Previous explorers overlooked the potential for deeper narrow vein high-grade gold mineralisation in the fresh rock, which is the primary focus of our exploration,” he noted.

The company has said previously that significant exploration had been carried out in the Mt Monger North tenements leading to the delineation of 17 prospects in three initial exploration target zones.

The 17 prospects at the Mt Monger North tenements have been named Providence, Pitu, Divine, Prophecy, Avnei, Kess, Meld, Canasta, Rummy, Andromeda, Hyperion, Hoffmann, Lords, Rainbow, Impala, Mustang and Ludlow.

These are the present focus of the company’s investigations.

Historical drilling coupled with fresh geological and structural insights into the Mt Monger North tenements indicate that it has considerable prospectivity for gold, nickel and possibly base metals.

Shallow drill holes failed to find mineralisation

Monger Gold says that its company geologist has concluded that historical shallow drill holes did not intersect the high-grade gold mineralisation due to a geological plunge as well as to leaching and removal of gold in saprolite.

In addition, two historic diamond drill holes in the northeast appear to have failed to intersect very high-grade gold discovered recently by Monger Gold.

“MMG has successfully procured an RC drill contractor and staff to complete this drill program under the current challenging business conditions of staff shortages and disruption to supply lines in the mining industry,” the company added.

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