Gold Mountain confirms widespread REE anomalies at Down Under

Proactive - Interviews for investors

Gold Mountain Ltd (ASX: GMN) executive director David Evans sits with Jonathan Jackson in the Proactive studio to discuss initial findings from its Down Under REE Project in Brazil. The company has received results from 260 stream sediment samples and conducted 85 kilometres of detailed geophysical radiometric surveys. Assays indicate widespread anomalies across an 80 square kilometre area and suggest the potential for ultra-high-grade hard rock monazite-hosted REE-niobium-uranium-scandium mineralisation. Extensive REE anomalous catchments have been identified, forming highly anomalous areas up to 8 kilometres in length. Radiometric surveys revealed thorium anomalies up to 1,600 metres wide. In total, 44 spectrometer radiometric traverse lines were conducted, inferring potential areas of significant mineralisation from the geochemical results and radiometric traversing. The comparison of these radiometric values with those in known REE mineralised areas shows similar results within GMN tenements. An auger drill rig has been ordered, with expected delivery in July 2024, to commence drilling in five identified target areas. Follow-up exploration will include further drilling, additional spectrometer traverses and further sediment sampling to confirm REE content. Results from the ongoing laboratory analysis are expected by the end of July. The exploration program also extends to the Ronaldinho Project, where similar techniques are being employed. #ProactiveInvestors #GoldMountainLtd #ASX #REEExploration, #MiningUpdates, #RareEarths, #GeophysicalSurvey, #Mineralisation, #StreamSedimentSampling, #RadiometricSurvey, #AugerDrilling, #ThoriumAnomalies, #Monazite, #GeochemicalResults, #RadiometricTraversing, #DownUnderProject, #RonaldinhoProject, #HighGradeMineralisation, #ExplorationTargets, #MiningNews, #ASXAnnouncements, #REEAssays #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews