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Gold Mountain Limited ( (AU:GMN) ) just unveiled an announcement.
Gold Mountain Limited has defined a 14-hole drill program to test high-priority lithium anomalies in the Salinas II Project, Bananal Valley, Brazil. The discovery of these anomalies, some coinciding with outcrops of weathered pegmatite, positions the company strategically in an emerging lithium district. The project is further supported by its proximity to Latin Resources’ significant lithium deposit. The upcoming drilling, contingent on obtaining environmental permits, aims to explore these anomalies and potentially uncover concealed lithium pegmatites beneath thick lateritic layers.
More about Gold Mountain Limited
Gold Mountain Limited operates in the mining industry, focusing on lithium, copper, and rare earth elements (REE) projects primarily in Brazil and Papua New Guinea. The company is involved in multiple regions, including Salinas and Serido Belt for lithium, and Ararenda and Wabag regions for copper projects.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.74M
Learn more about GMN stock on TipRanks’ Stock Analysis page.
