Red Mountain Mining extends Lobo breccia

THE DRILL SERGEANT: Red Mountain Mining (ASX: RMX) has encountered a thick and high-grade trenching intersection it claims has extended its South West Breccia (SWB) shoot, at the Lobo prospect within the company’s Batangas gold project in the Philippines.

According to Red Mountain the new trenching intersection extends a zone intersected by Trench 27 that was announced in April this year of 5 metres at 7.15 grams per tonne gold.

 

Plan of SWB lode outcrop with trenching intersections and drillhole locations. Source: Company announcement

 

The latest total intersection in Trench 27 returned: 19.4m at 8.24g/t gold including 5.05m at 15.7 g/t gold.

The company said it has additional trenching in progress along strike to the northeast to extend this high-grade zone at surface.

Following results from this surface trenching, Red Mountain indicated a drilling program will be designed to test for immediate depth extensions.

A deeper drill hole (LB114) is currently underway, which Red Mountain explained is testing for extension of the existing high-grade gold resource down plunge of another recent intersection achieved this month LB 110, which returned: 6m at 7.16g/t gold.

“This exceptionally thick and high-grade intersection extends what is already a fantastic, outcropping ore-body,” Red Mountain Mining managing director Jon Dugdale said in the company’s announcement to the Australian Securities Exchange.

“Our current focus is to extend the South West Breccia high-grade resource at surface and at depth.”

Email: info@redmm.com.au

Website: www.redmm.com.au