logo-loader

Montezuma Mining Company reveals high-grade gold anomaly

Published: 17:13 18 Oct 2017 AEDT

Map of Brahma propect
Montezuma has exposure to gold, lithium, cobalt, manganese and copper

Montezuma Mining Company (ASX:MZM) has successfully completed an induced polarisation (IP) survey at its 100% owned Holleton Gold Project in southwest Western Australia.

Historical drilling at the targeted Brahma prospect shows that higher grade gold zones are typically associated with higher sulphide content.

The purpose of the IP survey was to test whether the technique can be used to target areas with higher sulphide concentrations along the identified gold anomaly at the Brahma prospect.

The survey has been successful in highlighting the highest priority part of the 2.5 kilometre long geochemical anomaly.

Planning is now underway to design a drilling program to test the anomaly and other targets within the Holleton Project.

Anomaly at least 300 metres long

The results of the survey confirmed a high amplitude chargeability anomaly located to the north of the basement geochemical expression.

The anomaly plunges to the west and is located under circa 60 metres of interpreted cover.

The known extent of the anomaly extends over 300 metres and is open along strike in both directions.

On section, the anomaly overlaps the previous drilling and shows a weaker chargeability response coincident with the gold and sulphide mineralisation on the same section.

Importantly, directly above the chargeability anomaly, there is a surface gold geochemical signature which appears to be ‘bleeding’ through the transported cover.

READ: Montezuma Mining Company upgrades Butcherbird manganese resource

Element 25 takes step forward in establishing US manganese refinery

Element 25 Ltd (ASX:E25, OTCQX:ELMTF) managing director Justin Brown joins Jonathan Jackson in the Proactive studio to talk about the progress being made in establishing a high-purity manganese sulphate (HPMSM) refinery in Louisiana, USA, as it looks to become a leader in ethically sourced...

1 week, 1 day ago