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MTM progresses gold and rare earth investigations

13 September 2021
ASX: MTM
Rueben Hale

Mount Monger Resources are progressing field programs, targeting gold at its project near Kalgoorlie and gold-rare earth at its East Laverton site in Western Australia’s Goldfields region.

As the company anticipates results from a 3000-metre drilling campaign at the Duchess of York prospect, part of its Mount Monger project around 70 kilometres southeast of Kalgoorlie, it is underway with a field survey of key prospect areas later this month.

Survey samples will assess previously identified extended mineralised structures under investigation at the southeast of the tenement. Meanwhile, further drilling to the west, where data has identified additional anomalies, will also be reviewed.

At the East Laverton project, work is underway to inspect, sample and test lithologies associated with the known REE anomaly in the Pt Kidman prospect, part of the East Laverton project, which will assess the area’s suitability for geochemical sampling.

MTM plans to provide timely updates as work progresses, including pending tenement and statutory approvals expected soon.

The company’s Australian Stock Exchange-listed shares rose 6.82 per cent today, trading at 23.5c (2:39 pm 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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