Red Mountain Mining has received exceptional new surface gold results from sampling of proposed extensions of the South West Breccia (SWB) Main Lode and Hangingwall Lode on its Lobo Prospect at the Batangas Gold Project in southern Luzon, the Philippines.
The rock-chip sampling results include 90.4 grams/tonne, 23.1 grams/tonne and 17.9 grams/tonne gold. These results have extended the SWB Lode drilling targets.
The majority of the new results are from sampling surface outcrops and semi-residual boulders that occur along southwest strike projections of the SWB Hangingwall Lode and Main Lode and indicate a potential link with the Japanese Tunnel zone, located 140 metres southwest of SWB.
In addition, a single sample from an outcropping lode northwest and potentially parallel to the Tamarind and Limestone targets, 500 metres southwest of SWB, produced a very high grade result of 31.7 grams/tonne.
In a statement released on Monday, Red Mountain said that trenching to bedrock would immediately be carried out to determine the width and average grade of these new lode occurrences before drilling to potentially define additional gold resources.
The objective of the current program is to locate all near-surface, high-grade zones at SWB to allow drilling and a new resource update before finalizing the definitive feasibility study.
Red Mountain’s managing director Jon Dugdale says, “We’re obviously encouraged by these new high grade gold numbers that come at a very strategic time for us as we plan our next drilling campaign. We are also looking forward to drilling the new Tamarind target which offers potential for a brand new SWB-sized system based on the size of the soil anomaly in that area.”