Red Mountain Mining extends gold mineralisation at West Drift

THE DRILL SERGEANT: Red Mountain Mining (ASX: RMX) has continued its run of news from ongoing drilling being conducted at the company’s Batangas gold project, located 100 kilometres south of Manila in the Philippines.

Recent drilling on the West Drift epithermal lode system has extended the high-grade gold zone at the Lobo prospect, situated within the Batangas project.

 

Significant gold intersections at West Drift. Source: Company announcement

Red Mountain has announced results for a further six new drilling intersections from West Drift including:

 –    5.2 metres at 6.05 grams per tonne gold from 138.25 metres, including 1.05 metres at 16.97 grams per tonne gold, which has extended the high-grade zone to the most southern cross section the company has drilled to date.

–    10m at 2.80g/t gold from 170.8m, including 3m at 4.58g/t gold and 3m at 3.49g/t gold, 200m northeast of the above intersection; and

–    4m at 3.17g/t gold from 196m.

Red Mountain has now delineated the high-grade shoot target at West Drift has over a 200m strike length within a plus 400m strike length target zone.

“The latest intersections have extended the high-grade gold target zone and confirmed a potential shallow plunging corridor within which multiple high-grade gold shoots are expected to occur,” Red Mountain executive chairman Neil Warburton said in the company’s announcement to the Australian Securities Exchange.

“Deeper drilling with two rigs is underway to test the trend of increasing grade and thickness with depth with first results from this exciting phase due in coming weeks.”

These new intersections are part of a drilling program by Red Mountain at West Drift to target high-grade gold and convert the gold mineralisation to mineral resource inventory in accordance with the JORC Standards.

A total of 11 holes for 2,158 metres have been completed to date and the program is ongoing.