Mt Monger Resources Confirms REE Mineralisation at East Laverton

THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) reported assay results from a recent reconnaissance aircore drilling campaign at the Pt Kidman prospect, part of the company’s East Laverton project in Western Australia.

Mt Monger Resources said the drilling had intersected good widths and grades of rare earth element (REE) mineralisation in all areas that were tested.

Total Rare Earth Oxide (TREO) mineralisation intersections, include:

22ELAC048
15m at 1,461ppm TREO, from 21m;

22ELAC003
5m at 1,790ppm TREO, from 27m;

22ELAC043
6m at 1,493ppm TREO, from 12m;

22ELAC046
2m at 1,889ppm TREO, from 15m; and

22ELAC039
3m at 1,753ppm TREO, from 27m.

“These assays confirm the presence of shallow, rare earth element mineralisation across three broad areas of the Pt Kidman prospect,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“The mineralised saprolitic clay horizon shows continuity over a significant area and only a small fraction of the overall target area has been tested.

“Elsewhere, surface samples and historical drilling results indicate that there is substantial additional potential for zones of clay-hosted rare earth mineralisation.

“Planning and permitting is currently underway to undertake further drilling.

“These results suggest that the Pt Kidman prospect is an exciting opportunity that could evolve into a new critical minerals deposit of importance.”

 

 

 

Email: admin@mtmongerresources.com.au

 

Web: www.mtmongerresources.com.au