Red Mountain Mining Limited (ASX: RMX) has successfully lodged a drilling permit for its recently acquired Mustang lithium project with the Nevada Bureau of Land Management.
Highlights
• Extensive surface sampling and geological mapping at Mustang have enabled the project’s lithology and stratigraphy to be evaluated.
• Phase 1 drilling programme for Mustang has been designed targeting the lithiated sediments.
• Advanced discussions in progress for securing local drilling contractor.
• Additional surface sampling and mapping continues at the Lithic Lithium Project for further assessment and evaluation.
Mustang Lithium Project
The company has found increased geological confidence in its Mustang Lithium Project based on recent samples’ assay grades, onsite mapping and evaluation of the lithology and stratigraphy.
This evaluation work identified numerous drilling targets that will be drill tested in RMX’s maiden drilling programme. Initial Phase 1 drilling program at Mustang will consist of eight drill holes drilled to a maximum of 100m in depth that target lithium bearing clay horizons.
Drilling permit for Mustang has been successfully lodged with the Nevada Bureau of Land Management (BLM). The review process by the BLM is expected to be completed within four weeks.
Lithic Lithium Project
Additional mapping and surface sampling at the Lithic Lithium Project will assist RMX with further evaluation of the project’s lithology and stratigraphy, which will provide future drill targets. A drilling programme for Lithic will be subsequently designed upon receipt of assay results from surface sampling.
For further information please visit: https://www.redmountainmining.com.au/
