Gold Mountain (ASX: GMN) has continued a successful stream sediment sampling campaign, unearthing more highly-anomalous rare earths from the Irajuba tenements within its Down Under project that sits in the State of Bahia in north-eastern Brazil.
The company says 54 stream sediment samples taken from its Jiquiriçá ground within the tenements returned a peak value of 1196 parts per million total rare earth oxides (TREO) combined with anomalous levels of niobium, uranium and scandium, indicating the potential for high-grade hard-rock monazite-hosted rare earths.
Buoyed by the results, management is now planning to plunge into additional drill sites to test the most anomalous results within several extended areas for a combination of hard-rock monazite-hosted mineralisation and ionic-adsorption clay-hosted rare earths.
Gold Mountain says several of the higher-value TREO anomalies are coincident with the other minerals encountered, potentially adding some cream to the pie as both niobium and uranium have been enjoying their moments in the sun at various times this year.
The company has outlined a series of plans to fully test the promising ground, with the identification of specific sites known to have a well-preserved lateritic weathering profile, in addition to using radiometrics within the most anomalous catchment areas and along drill lines to search for high-grade deposits within its tenements.
Radiometrics is a geophysical method used to estimate the concentration level of various radioelements including potassium, uranium and thorium near the surface. It measures gamma-rays above the ground surface that the radioactive isotopes of the elements emit during radioactive decay and is carried out by helicopters or low-flying aircraft.
Gold Mountain also plans for stream sediment pan concentrate sampling and will test three groups of catchment areas defined by the strong geochemical anomalies.
Various drill targets have now been identified within several proposed drill sites and management is endeavouring to secure the necessary permits to drill at Irajuba by the last quarter of this year.
The company has a plethora of projects within Brazil including eight different lithium exploration licences and three copper projects, in addition to the Down Under operation. It also has two Papua New Guinea (PNG) copper sites.
In PNG, management says the focus is on its Mongae Creek project, which has the potential to host a significant copper-gold deposit and has been the subject of several exploration programs. PNG is known for historically big deposits in the copper and gold space.
Gold Mountain is pursuing a raft of commodities across several global regions and will be hoping its latest exploration program in Brazil brings it one step closer to success.
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