Montezuma identifies Yamarna Belt gold targets

THE DRILL SERGEANT: Montezuma Mining Company (ASX: MZM) is has completed a review of historic exploration data for the Mallee project (tenement ELA 38/2889), located on the Yamarna Greenstone Belt in Western Australia.

Montezuma claims the review has identified a large area of gold anomalism in surface soil sample data from work completed by Western Mining Corporation (WMC) in the 1990s.

“We are excited by the results of our review of this tenement,” Montezuma Mining Company chief executive officer Mike Moore said in the company’s announcement to the Australian Securities Exchange.

“The area of anomalism shows a number of similarities, both in terms of scale, geology and tenor, to recent discoveries by Gold Road Resources (ASX: GOR) at their nearby Gruyere, Toto and YAM 14 prospects.

“We intend to commence immediate follow up exploration upon grant of the licence to Montezuma.”

 

Mallee historic soil geochemical results. Source: Company announcement

 

Montezuma explained exploration by WMC over the Mallee project in 1997 included the collection of 377 soil samples within tenement ELA 38/2889 as part of a broader regional survey.

WMC collected one to two kilograms of material in the field and submitted the samples for sieving to less than 75 micron.

The less than 75 micron material was analysed for gold parts per billion, copper, nickel, arsenic, iron, chromium, manganese, and cobalt.

Results from the survey defined a widespread region of gold anomalism covering approximately 22 square kilometres containing two parallel anomalous corridors, each approximately five strike kilometres in length.

The anomalous area was interpreted to coincide with a zone of structural complexity along a regional scale granite greenstone contact – a position Montezuma considers to be analogous with a number of other gold discoveries in the region.

Website: www.montezuma.com.au