RMX riding high with significant gold intercepts at Mt Maitland project

  • November 18, 2020 11:53 AM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
    16932 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

The ASX listed mineral explorer Red Mountain Mining Limited (ASX:RMX) shared the initial assay results from the RC drilling program at the Mt Maitland Gold Project. The Company drilled 27 holes with a combined depth of 1,850 metres.

Red Mountain focused the maiden drilling campaign over the four primary targets- Mt Maitland South, Lenanphyl, Second Chance and Jacia. Some of the significant intercepts results are as below:

  • 7m @ 3.3g/t from 34m, including 1m @ 12.7g/t from 37m
  • 8m @ 1.7g/t from 107m, including 1m @ 7.1g/t from 110m

The Company reported that the drilling program is complete, and some assay results are still pending from the laboratories.

The shares of the Company were trading at A$0.016 at 11:26 AEST with a ~14% high from the previous day close. The Company has a market cap of A$15.83 million as on 18 November 2020.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK