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- Red Mountain Mining (RMX) discovers heavy rare earth elements (HREE) at its Mt Mansbridge project in the Eastern Kimberley
- Three reverse circulation holes for 451 metres were completed at the prospect during the drilling program
- The company says a six-metre zone 49 metres deep of xenotime mineralisation was identified
- Mineralised samples have reportedly been fast tracked for assaying following on site XRF analysis
- Shares have been down 5.6 per cent, trading at .9 cents
Red Mountain Mining (RMX) have discovered heavy rare earth elements (HREE) at its Mt Mansbridge project in the Eastern Kimberley.
The company completed three reverse circulation (RC) holes at Mt Mansbridge before the drill rig and personnel demobilised from site due to the onset of the wet season within the Kimberley, making access untenable.
The program consisted of 451 metres of drilling with a six-metre zone 49 metres deep of xenotime mineralisation detected. Mineralisation was associated with a silica altered structure, hosted within a broader package of quartz and quartz-mica greywackes and occasional finer-grained pelites.
Visual estimations of the xenotime mineralisation reportedly ranged from between 1-10 per cent of the total composition of minerals over the 6m zone.
On-site analysis using a portable XRF confirmed the zone as anomalous in both Yttrium and Dysprosium. According to Red Mountain, the zone has been prioritised for assay at the laboratory for immediate analysis.
The company expects results will be received for this zone over the coming two weeks and released to the market.
Shares were down 5.6 per cent, trading at .9 cents at 10.40 am AEDT.
