Mining

Red Mountain Mining starts maiden drilling at Mt Mansbridge

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By Lorna Nicholas - 
Red Mountain Mining ASX RMX Mt Mansbridge Project drilling Western Australia Rare Earth Elements Cobalt Nickel Copper PGE

Red Mountain Mining将在Mt Mansbridge进行稀土、镍、铜、钴和PGE矿化。

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A maiden drilling program has begun at Red Mountain Mining’s (ASX: RMX) Mt Mansbridge project in Western Australia’s Kimberley region, which is prospective for rare earth elements (REE), cobalt, nickel, copper and platinum group elements (PGE).

Red Mountain has secured a contractor which will undertake 1,200m of reverse circulation drilling across a number of targets that were firmed up during the September quarter.

The company received assays in August from the 952 soil samples that were collected from the Killi-Killi, Vader and Kylo REE prospects within the project.

Assays revealed two significant REE anomalies at Killi-Killi.

In addition to REE, the drilling program will target the Déjà vu prospect which is believed anomalous for cobalt where sampling returned up to 0.34% cobalt.

Drilling will also be completed at Cow Creek, after a technical review highlighted it was prospective for nickel-copper-cobalt and PGE.

Mt Maitland gold and base metals project

Over at Red Mountain’s Mt Maitland project in WA’s Murchison, a drilling program was completed at the Maitland South prospect in July.

This comprised a single hole to approximately 420m deep.

Prior to this, the company completed a hole at the Jacia anomaly within this project and uncovered “encouraging base metal and gold indications”.

Minor occurrences of copper, zinc, and lead were noted during logging.

Other assets

In addition to Mt Maitland, Red Mountain owns the Koonenberry gold project which covers 657 square kilometres in New South Wales.

Red Mountain says the project’s geological setting is analogous to the prolific Victorian goldfields in south-eastern Australia.

Koonenberry adjoins Manhattan Corporation’s (ASX: MHC) Tibooburra gold project where a discovery was made in June 2020.

Red Mountain is reviewing available data for the tenements and monitoring other drilling activities in the region.

In the Democratic Republic of Congo, Red Mountain is assessing the prospectivity of its Mukabe-Kasari cobalt-copper project.

And, in the Philippines, Red Mountain retains a net smelter royalty over the Batangas gold project.

Red Mountain also holds 1.7 million shares in Blue Bird Merchant Ventures (LON: BMV) which owns an advanced gold project in South Korea.

Blue Bird’s most recent share price was 2.57 pence.