Mt Monger Resources Scores Anomalous REE Soil Geochemical Results at Pt Kidman

THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) reported results of soil and rock chip geochemical sampling from the company’s East Laverton project in the north Eastern Goldfields of Western Australia.

Mt Monger Resources carried out soil sampling on the Pt Kidman prospect area that has identified a previously unknown rare earth element (REE) anomaly that is open along strike and is considered by the company to warrant further follow-up.

The program comprised a total of approximately 350 samples that demonstrated a total rare earth element (TREE) anomaly, which is the combined results for 13 elements, including: lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, dysprosium, erbium, ytterbium, yttrium and scandium.

“The company has been active at its East Laverton project which we consider to be highly prospective for gold, REE and base metals,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“Our ongoing work program of soil sampling is giving us a basis to develop high priority targets for drill testing.

“Our technical team is particularly focussed on understanding the REE mineralisation that occurs within the Pt Kidman prospect area.

“The available exploration data indicates that anomalism is widespread and locally very high grade.

“These sampling results, which come from a new area, reinforce that further follow-up exploration is required to evaluate the potential for an ionic-style, clay-hosted REE deposit.

“Work to-date has defined a very large prospective area and the company is preparing an initial drilling program to test the priority areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com.au

 

Web: www.mtmongerresources.com.au