- Red Mountain Mining (RMX) has begun an induced polarisation (IP) survey at its Mt Maitland Gold Project in Western Australia
- The survey is being conducted over the Maitland South and Jacia Prospects to help assist the upcoming drilling program
- Red Mountain is expecting the survey to take around a week to complete with results due by the end of the month
- On the market this morning, Red Mountain is in the grey and trading at 1.2 cents per share
Red Mountain Mining (RMX) has commenced an induced polarisation (IP) survey at its Mt Maitland Gold Project in Western Australia.
The survey is being conducted over the Maitland South and Jacia Prospects and aims to find the region of sulphide accumulation that could be related to higher-grade gold and base metal mineralisation.
Perth-based geophysical consultants, Resource Potentials, was contracted to undertake the IP survey.
The survey will take around a week to complete and results are due by the end of the month. Once the results are received, drilling is expected to commence not long after, subject to approvals and a drill rig.
In January, Red Mountain reported the last assay results from the recent drilling program. Key intercepts include seven metres at3.3g/t of gold from 34 metres, including one metre at 12.7g/t from 37 metres.
Mt Maitland is located 90 kilometres north of Meekatharra in the Murchison Goldfields of Western Australia.
Just last week, the company reported its Déjà vu prospect, which lies within Mt Maitland, could host massive sulphides after completing a technical review.
On the market this morning, Red Mountain is in the grey and trading at 1.2 cents per share at 11:19 am AEDT.