FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

MTM kick off RC drilling at flagship project

1 April 2022
ASX: MTM
Jack Baker

Mt Monger Resources reverse circulation drilling will focus on historical data and low lying gold with the 2500-metre program hoped to unearth scale geological anomalies at the company’s flagship gold project, 45km east of Kambalda in Western Australia.

As gold edges toward US$2000 an ounce, the drilling will form part of the most extensive interrogation of the project’s 130 square kilometre gold heartland in more than two decades.

The project – comprising 12 tenements, including nine exploration licences and three prospecting licences – is considered highly prospective for gold, with a long history of gold production and numerous drill-ready exploration targets.

“Our exploration team has identified numerous opportunities to increase the size and continuity of known gold mineralisation and potentially make new discoveries – we are keen to test these targets with the drilling,” managing director Lachlan Reynolds said.

Meanwhile, Mt Monger will continue exploration for gold and rare earth across its East Laverton and Ravensthorpe projects.

The company is also claiming a stake in the booming battery metal market, acquiring three highly prospective projects near Ravensthorpe.

MTM’s Australian Stock Exchange-listed share price was trading at 18c today (9:34 am UTC+ 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

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!