Mt Monger Resources Reviews REE potential at East Laverton Project

THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) is becoming increasingly confident of the REE potential of the Pt Kidman prospect, part of the company’s East Laverton project in Western Australia.

Mt Monger Resources recently completed a review of rare earth element (REE) potential Pt Kidman that entailed drilling that intersected encouraging widths and grades of REE mineralisation in all areas that were tested.

The area of known REE anomalies extends over and area of more than 20km by 10km, which the company has interpreted to indicate the Pt Kidman area represents a potentially large-scale, rare earth element project.

The recent drilling program only tested a small part of this prospective terrane but has locally shown good continuity and grade within the mineralised zone within the weathering profile over Archaean granitoid rocks.

“Since listing in July 2021 Mt Monger has been excited to test the potential for shallow, rare earth element mineralisation at our East Laverton project,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“A work program since that time has recently culminated in a reconnaissance aircore drilling program that confirmed the presence of broad, shallow mineralisation in the weathering profile over parts of the target area.

“The successful drilling has emphasised the potential scale of the REE mineralised terrane.

“The company’s exploration team now have identified numerous opportunities to test for both extensions of the known mineralisation and for new zones of mineralisation.

“Planning and permitting is currently underway to undertake further drilling and we are keen to understand if the area contains higher-grade zones and what variations exist in the ‘basket’ of rare earth elements that the mineralisation contains.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com.au

 

Web: www.mtmongerresources.com.au