Red Mountain declares high grade gold samples

Surface rock chips are pointing the way to some exciting new drill targets in the Philippines for West Australian gold miner Red Mountain.

Surface sampling has turned up samples of up to 90.4 g/t at the South West Breccia Lode drilling targets, according to this morning’s ASX announcement.

Another surface rock chip result from an outcropping lode in a hanging wall at the Limestone/Tamarind targets showed 37.1 g/t, about 500 metres southwest of the South West Breccia target.

The targets are located on the Batangas Gold Project, around 120km south of Manila.

In June last year Red Mountain Mining revealed JORC compliant indicated resources of nearly 3 million tonnes at 2.4 g/t (approximately 227,000 ounces), and inferred resources of 3.2 million tonnes at 2.1 g/t.

Red Mountain managing director Jon Dugdale said the company would fast tract additional trenching and drilling to add the new resource zones and set about a potential resource upgrade.

“We’re obviously encouraged by these new high grade gold numbers, that come at a very strategic time for us as we plan our next drilling campaign,” he said.

“We are also looking forward to drilling the new Tamarind target, which offers potential for a brand new South West Breccia sized system based on the size of the soil anomaly in that area.”

Red Mountain has 100 per cent direct and indirect right interest in several Philippines tenements, including the Batangas Project.

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