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MTM expands exploration on promising results

22 October 2021
ASX: MTM
Rueben Hale

Mt Monger Resources has confirmed compelling historical results with new assay results showing a higher gold grade than was previously reported. 

MTM is exploring a contiguous tenement package covering 122 square kilometres in the highly prospective Mt Monger region, 70km south of Kalgoorlie, WA. The prolific gold region, close to existing mining infrastructure, has existing external resources and confirmed shallow drilling targets left unexplored since the early 2000s.

The company has also recently received new exploration licenses in East Laverton. It assesses a significant land package covering more than 3000km² of highly prospective under-explored terrain with early high impact drilling targets showing similarities with ‘Tropicana style’ mineralisation and essential structures.

Following gold intersections as high as 3.45 grammes per tonne at the Mt Monger site, the company will proceed with extended drilling and infill coverage of the intersections. The re-essays provide a better definition of gold mineralisation.

It said they are well-positioned to undertake the infill work rapidly and have already initiated preparations for the follow-up drilling programme.

MTM’s Australian Stock Exchange-listed share price has risen 3.13 per cent today, trading at 16c (9.52 am GST + 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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