Red Mountain Mining has delivered some more bonanza grade trenching results from the Lobo prospect on its Batangas Gold Project in southern Luzon. New trenching has intersected a 4.9 metre lode @ 24.9 grams/tonne gold, including 0.5 metres at 136.9 grams/tonne, while a second ongoing trench intersected 1.75 metres @ 41 grams/tonne, including 0.5 metres @ 125.5 grams/tonne.

The new trenching followed up previous high grade colluvium sampling 30 metres to the west of the South West Breccia resource. Trench 19 was excavated to bedrock, up slope from the high grade colluvium, intersecting a 2.6 metre, true width, lode then another vein in the footwall.

Red Mountain’s managing director Jon Dugdale says, “This is yet another exceptionally high grade surface discovery by the Philippines’ based exploration team. Drilling has started so there is plenty more news to come as we strive to build a substantial high-grade gold resource.”

Drilling has commenced on the lode under Trench 7, which has been intersected and is being cored. Highlighting the prospectivity of this area, previous results from trenching at Trench 7 include 2.0 metres @ 31.1 grams/tonne and 3.0 metres @ 22.2 grams/tonne. The drilling is 200 metres to the southwest. Trench 13 which previously yielded 2.6 metres @ 28.6 grams/tonne is 350 metres to the southwest along strike.

Trenching is continuing to the east of Trench 7 towards Japanese Tunnel, and northeast of South West Breccia at Acacia prospect.

Earlier in January Red Mountain delivered some impressive metallurgy results, which include a 97% gold leach recovery from a South West Breccia resource sample at Lobo. The company demonstrated the very high recoveries from a composite sample grading 8.8 grams/tonne gold, with the recoveries achieved through fine grinding then standard carbon-in-leach (CIL) testing of the resource material.
www.redmm.com.au

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events