For thousands of other reports visit RSC's Mineral Intellingence Map
Gold Mountain Ltd.
Summary
| Project: | Wabag | |
|---|---|---|
| Deposit: | Monoyal | |
| Location: | Papua New Guinea | |
| Commodities: | Copper-Molybdenum-Gold | |
| Date: | 7/17/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-7-2020: Gold Mountain Ltd. announces an Exploration/Drilling Update report for its Monoyal deposit at the Wabag project. Drilling results incl. 32m @ 0.1% Cu, 49g/t Mo, 0.03g/t Au from 170m. Gold Mountain Limited (ASX: GMN) is pleased to provide an upd | |
| 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 ongoing diamond drilling program at the Company’s flagship Wabag Project. Final assay results from MCD007 have now been received, with the hole intersecting broad zones of elevated copper and molybdenum mineralisation, with anomalous gold and silver values. Contained within these broad intercepts are narrower high-grade zones. MCD007 was drilled to a depth of 409.60m, taking the total amount of holes drilled at Monoyal to five, totalling 2,152m. Drill hole parameters and drill hole location map are included as Table 1, and Figure 1 respectively. MCD007 intersected elevated zones +700ppm Cu over wide intervals (between 10m to 48m) contained within these zones were narrower (3m) sections of +1,000ppm Cu with associated molybdenum (Mo) mineralisation. The level of Mo in the system is high. With several broad intercepts of +50ppm Mo intersected, with one interval recording 95ppm Mo from 307m to 354m. Above detection levels of gold (Au) and silver (Ag) were also intersected by the hole. A summary of the results from MCD007 are presented in Table 2 and an idealised section of MCD007 is presented in Figure 2. MCD0015 drilled at Mongae Creek in 2018 falls on the same section as MCD007 and has also been included in Figure 2 for completeness. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report