The Australian mineral explorer Red Mountain Mining Limited (ASX:RMX) has commenced its maiden drilling program at 100% owned Mt Maitland High-Grade Gold Project as per the ASX update of 06 November 2020.
Red Mountain had planned to drill 18 holes with a total depth of approximately 1,300 metres Reverse Circulation (RC) drilling.
Earlier, the Company has reported that all prerequisite such as heritage clearance survey, site preparation, and other pre-drilling activities to start drilling has been completed.
The Stocks of the Company was riding high on the news of the drilling program. Red Mountain was trading at A$0.015 (AEDT:11:30 am), 7% gain on a previous day close, at the time of reporting on 06 November 2020.
For details also read: “Red Mountain Mining (ASX:RMX) to acquire 100% of Mt Mansbridge Project”