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Gold Mountain Ltd.
Summary
| Project: | Wabag | |
|---|---|---|
| Deposit: | Monoyal | |
| Location: | Papua New Guinea | |
| Commodities: | Copper-Molybdenum-Gold-Silver-Sulphur-Zinc | |
| Date: | 2/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2020: Gold Mountain Ltd. announces an Exploration/Drilling Update report for its Monoyal deposit at the Wabag project. Drilling results incl. 101m @ 0.14% Cu, 76ppm Mo from 398m. Gold Mountain Limited (ASX: GMN) is pleased to provide an update in rel | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Patrick Smith (Independent) | |
| ABSTRACT: | Gold Mountain Limited (ASX: GMN) is pleased to provide an update in relation to its current diamond drill program at the Company’s flagship Wabag Project (Figure 1). Assay results from MCD003 have now been received, with the hole intersecting multiple zones of >1,000 ppm Cu and >100 ppm Mo, with the highest samples containing of 0.44% Cu and 993 ppm Mo. Anomalous levels of Au and Ag are also present in the hole with values ranging from 0.02 – 0.22 ppm Au and up to 6.28 ppm Ag. Drill results for MCD003 are summarised in Tables 1 and 2 and a down-hole section of MCD003 is presented in Figure 2. The mineralisation intersected in MCD003 was hosted in a fractured and broken tonalite with the majority of the fractures intersected lined with pyrite±chalcopyrite-molybdenite. The current interpretation is that this style of mineralisation is found peripheral to the main zone of mineralisation which has yet to be identified. | |
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