Red Mountain begins systematic rock chip sampling at Pioneer tungsten project
Key Takeaways
- •Initial reconnaissance sampling reported anomalous tungsten values of up to 3,159 ppm WO3 at Greenstone and 2,856 ppm WO3 at Mammoth.
- •The new sampling program will evaluate surface grade, extent, variability and continuity across mapped skarn exposures.
- •Sampling will be conducted on east-west traverses at roughly 50-metre spacing using channel samples and rock chip grab samples.
- •The current work adds coverage at Lost Creek and at newly staked Greenstone ground that Red Mountain expects to be granted by the end of July.
- •Assay results from Greenstone and Lost Creek are expected by late August and will be used to plan further drill testing.
Red Mountain Mining (ASX:RMX) is working to define stronger drill targets along the eastern margin of the Mount Torrey Batholith at its Pioneer tungsten project in Montana, where “massive” limestone-hosted garnet skarns host scheelite tungsten mineralisation, through systematic rock chip sampling.
The program is focused on the Greenstone and Lost Creek claims, two of the three areas at the Pioneer project, as well as Mammoth.
Initial reconnaissance sampling reported on July 1 returned anomalous values of up to 3,159 ppm (0.32%) WO3 from the Greenstone area and 2,856 ppm (0.29%) WO3 from the Mammoth claims. Lost Creek was not included in that earlier sampling.
Red Mountain said the new round of sampling is designed to assess surface grade, extent, variability and continuity across mapped surface exposures in order to identify eastern down-dip extensions.
Sampling will be carried out on east-west traverses across the garnet skarn mineralisation at a nominal 50-metre spacing, using representative channel samples and individual rock chip grab samples. At Greenstone, the work will also cover an area Red Mountain has staked and expects to be granted by the end of July.
The approach is intended to help build a clearer picture of how the mineralised skarn is distributed at surface before the company decides where to focus follow-up drilling, with the current work adding coverage at Lost Creek and the newly staked Greenstone ground. HotCopper understands assay results from Greenstone and Lost Creek are expected by late August. Those results will be used to plan further rapid drill testing.
“The relatively simple and well-understood geology of the Pioneer project means the company anticipates it will be able to move rapidly to drill testing of downdip extensions of skarn mineralisation, subject to positive analytical results from the current sampling,” the company said.
RMX was trading at 1 cent per share on the morning of the update.
Disclaimer: This content was prepared as part of a partnership with Red Mountain Ltd. It is intended to inform investors and should not be taken as financial advice. The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions.