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MTM completes drilling milestone at Dutchess of York

25 August 2021
ASX: MTM
Rueben Hale
A lump of gold on a stone floor

Mt Monger Resources Limited is awaiting highly anticipated results from its inaugural drilling program at the Duchess of York prospect, part of its Mt Monger Gold project near Kalgoorlie.

The exploration is a timely follow-up of known gold targets and interpreted strike extensions with 28 drill holes totalling 3,226 metres following up  Western Mining Corporation’s exploration uncovering abundant quartz veining and pyrite mineralisation known to be associated with gold potential more than three decades earlier.

“Completion of the drilling program at Duchess of York Prospect marks an important exploration milestone, and we are eagerly awaiting assay results,” managing director Lachlan Reynolds said.

“We are pleased to have been able to source a drilling rig so soon after listing the Company and to mobilise our technical team into the field,”

“Our other work programs are getting underway elsewhere at the Mt Monger Project and also at the East Laverton Project.

MTM plans to provide regular exploration updates, including potential infill work or further drilling, pending gold mineralisation results.

The company’s Australian Stock Exchange-listed shares rose 7.69 per cent today, trading at 21c t (10:18 am GMT +8 hours).

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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