Gold Mountain Limited (AU:GMN) has released an update.
Gold Mountain Limited announces promising results from its Iguatu Project in Brazil, revealing strong indicators of significant Iron Oxide Copper Gold (IOCG) and Lithium-Caesium-Tantalum (LCT) type pegmatite mineralization. The initial assays from stream sediment samples have identified extensive multi-element anomalies and four high-priority geochemical targets, suggesting the potential for large-scale copper and lithium deposits akin to the world-class Olympic Dam. Managing Director David Evans expresses optimism about the project’s capacity to become a major IOCG deposit, with future work plans including detailed sampling and drill target definition.
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