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Red Mountain Mining Ltd (ASX:RMX) is now looking forward to exciting programs of exploration and development activity across its three key gold and antimony projects in three different jurisdictions.
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These include the Frye Lake gold project in Canada, Armidale antimony-gold project in New South Wales, and Kiabye gold project in Western Australia.
At Frye Lake, the team is awaiting the end of the Canadian winter – and is in talks with the local First Nations community in the lead up to its exploration program, which will involve targeting zones of quartz-vein hosted gold mineralisation. There, it’s looking to progress surface sampling and drill testing of its key target.
RMX is enthused by sampling at the Flicka Zone in 2024, where vein two revealed 24.2 grams per tonne and 19.4 g/t; vein three returned a peak value of 9.35 g/t Au.
Exploration at Frye Lake will also involve targeting two new areas containing highly anomalous gold in soil. RMX believes they represent two new potential high-grade orogenic gold targets.
Surface sampling and potentially trenching will be rolled out to delineate underlying basement geology, with drill testing to follow this up.
Two copper-rich polymetallic soil anomalies – consistent with volcanic-hosted massive sulfide mineralisation – will also be targeted.
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RMX is also planning to roll out a rock chip and soil sampling program at its Armidale project in New South Wales. Three sites are to be targeted, focusing on historical shallow shafts and open pits where mineralisation has been identified.
Finally, exploration activity is already underway at the Kiabye gold project in Western Australia, with a high-resolution ground magnetics and targeted pXRF assay
program commencing in March.
The focus is providing additional definition to potential gold bearing structures for conventional wet geochemical sampling, particularly in the northern section of the licence.
RMX – which is looking ahead to updates – is trading at 0.9 cents.
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