Montezuma Mining drilling campaign confirms Yamarna potential

THE DRILL SERGEANT: Montezuma Mining Company (ASX: MZM) has received assay results from a recently completed maiden aircore drilling program carried out at the company’s 100 per cent-owned Yamarna project in Western Australia.

The company said this was the first ever drilling campaign to be conducted in this area adding the results have confirmed strong widespread regional anomalism within the project area with the drilling encountering gold signatures commensurate with Archean gold mineralisation at all three targets Jatz, Captains and Cruskit.

They also confirmed multiple kilometre scale mineralised corridors in Archean basement rocks, including 15 metres at 0.4 grams per tonne gold in Archaean greenstone and individual assay values up to 2.7g/t gold.

Montezuma explained the geochemical aircore drilling program had been designed to test for basement (Archaean) hosted primary gold mineralisation beneath multiple regional scale historic gold in soil anomalies.

Of the three targets drilled, Montezuma named Jatz to be the standout target, with strong basement mineralisation, including ore grade intercepts along a strike of over 1.5 kilometres.

The company said it intends carrying out deeper RC drilling to test these targets, which should commence as soon as possible.

“This program has now confirmed the potential for significant Archean gold mineralisation at all three primary target areas, all of which are open in all directions,” Montezuma Mining Company executive director Justin Brown said in the company’s announcement to the Australian Securities Exchange.

“The results have far exceeded expectations and the team stands ready to undertake follow up RC drilling in coming weeks”.

Website: www.montezuma.com.au