Mt Monger Resources sampling has revealed two locations bearing gold and lithium anomalies at the Albion project located south of Norseman in the Eastern Goldfields of Western Australia.
Surface geochemical sampling assays defined gold anomalies over 1km strike length, associated with gold mineralised quartz reefs.
Meanwhile, strong surface dispersion along pegmatites and quartz veins offered additional lithium targets for upcoming reverse circulation drilling at the site.
The Perth-based company is confident further examination of the underexplored project could lead to the discovery of significant resources.
“Identification of lithium anomalism associated with mapped pegmatite exposures provides a new exploration target that has also never been investigated or tested with drilling,” managing director Lachlan Reynolds said.
We are keen to understand more about the size, grade and distribution of these pegmatites to evaluate their potential.”
MTM’s Australian Stock Exchange-listed share price has risen 13.33 per cent today, currently selling at 17c (12.01 pm UTC+ 8 hours).