Mt Monger Resources Limited (ASX:MTM) has identified extensive gold anomalism associated with interpreted mineralised structures from the results of a geochemical soil sampling programme at the Albion project located south of Norseman in the Eastern Goldfields of Western Australia.
The survey also unveiled a significant lithium anomaly in an area with known pegmatite occurrences.
Managing Director, Lachlan Reynolds, said a programme of reverse circulation (RC) percussion drilling is now planned to test these exploration targets.
The Albion project is exciting for us because it contains known gold mineralisation associated with quartz reefs that are exposed at surface,” Mr Reynolds said.
“These structures have been mined historically but have never been drilled. The sampling indicates broader areas of gold anomalism that require further exploration and there is potential to discover a near-surface gold resource that could feed into the re-development of the Norseman gold mining operations.
“The identification of lithium anomalism associated with mapped pegmatite exposures gives the Company a new exploration target that has also never been investigated or tested with drilling. We are keen to understand more about the size, grade and distribution of these pegmatites to evaluate their potential.”
Soil Sampling Programme
A total of 487 surface geochemical samples were collected during March 2022 across the Albion project, on a nominal 50m x 100m grid. The soil sampling was designed to evaluate a series of moderately dipping quartz veins or reefs that extend across the tenement in a northwest-southeast direction.
The sampling was also intended to test for lithium mineralisation in the pegmatites identified in the field. Samples were assayed for a multi-element suite by SGS Laboratories using their proprietary mobile metal ion (MMI) method.
The surface sampling survey has identified significant gold and lithium geochemical anomalies in different parts of the Albion project area. Gold anomalies appears to be principally associated with a folded and metamorphosed sequence of mafic and ultramafic rocks that are exposed in the central western part of the tenement, while a broad lithium anomaly was defined further to the south-east.