RMX to commence gold drilling within 10 days

Red Mountain Mining (RMX) is set to commence drilling at its Mt Maitland gold project in Western Australia.

RMX acquired the project, which lies within the prolific Murchison Goldfields in July this year.

The Mt Maitland Gold Project comprises a 62 square kilometres parcel of tenure and contains two, distinct north-south mineralised shear zones over a strike length of 19 kilometres within an Archean greenstone belt.

It is in close proximity to the $1.1 billion Westgold Resources’ Fortunum gold mine and its Bluebird gold mine to the south of Mt Maitland, and the $773.6 million capped Sandfire Resources’ Monty Gold Mine and its Degrussa copper-gold mine.

Aussie junior Superior Gold is also prolific in the region.

The Mt Maitland project came with multiple drill-ready targets and historic production which averaged 19 grams per tonne gold.

Outstanding results from historic exploration at Mt Maitland include:

  • gold-in-soils: peak 2724 parts per billion, anomalies over 13 kilometres of strike
  • rock chips: up to 62 grams per tonne gold, 8.8 per cent copper and 290 grams per tonne silver channel sampling: 2.5 metres at 22.7 grams per tonne gold and 0.75 metres at 61.8 grams per tonne gold
  • Drill results include 13 metres at 2.53 grams per tonne from nine metres, two metres at 1.53 grams per tonne from 13 metres.

RMX completed a heritage survey and pre-drilling earthworks and secured the drill rig to begin drilling within the next seven to 10 days.

The program is planned for 18 holes for approximately 1300 metres.

During the heritage survey, additional geological mapping was conducted, which has assisted RMX to vector this maiden drill programme.

Conclusions include that gold mineralisation is concentrated in discrete domains within the project area, more specifically, either within or proximal to narrow vein-breccia stock-work, or occur in clusters of small to medium size mineralised bodies along shears or favourable lithological units.

Another mineralisation style appears to be related to steeply dipping dilatational structures, where a high-angle shear at the mafic/ultramafic contact intersects a steeply dipping more competent rock type (BIF) and refracts to a steep angle.

Continued strike-slip displacement causes this refracted surface to develop as an extensional structure. Rock chip sampling was undertaken across certain prospects within the tenure, with samples submitted for laboratory analysis.

The potential high-grade nature of the mineralisation at the Mt Maitland can be seen below in this significant gold nugget shown below:

Nugget found by company employee while prospecting on Mt Maitland tenure.

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