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MTM ramps up for drilling at Duchess of York

22 July 2021
ASX: MTM
Rueben Hale
Industrial machine used for exploration drilling

Mt Monger Resources Limited has appointed KTE Mining Services to complete highly-anticipated reverse circulation percussion drilling at its promising Duchess of York prospect, which is part of the company’s Mt Monger project located near Kalgoorlie in Western Australia.

The news for the company comes exactly one-week after listing on the  Australian Stock Exchange with its heavily oversubscribed 20c per share offer, placing it in commanding position over its Mt Monger and Eastern Laverton region prospects.

With an eye on additional exploration targets identified along strike to southeast of Duchess and historical gold intersections including 20 metres at 2.88 grams gold, the company anticipates kicking off an initial 1600 metres of drilling early August.

“The imminent RC drilling program at Duchess of York marks the commencement of a busy field exploration program for the Company. We are very pleased to have secured the drilling services of KTE, whose expertise and equipment are well-suited for the proposed program and its crews are familiar with the Mt Monger area,” managing director Lachlan Reynolds said.

“We are excited to get drilling underway.”

The company’s Australian Stock Exchange listed shares had risen 5.17 per cent, trading at  18.5c at 12.00pm (WST) today.

COMPANY OVERVIEW

Mt Monger Resources Limited was incorporated in November 2020 for the purpose of consolidating several gold exploration projects in the Mt Monger region of Western Australia.

COMPANY INFORMATION

ASX: MTM

Website

https://mtmongerresources.com.au/
https://www2.asx.com.au/markets/company/mtm

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