Gold Mountain Limited (AU:GMN) has released an update.
Gold Mountain Limited has announced promising results from stream sediment sampling at its Down Under Project in Brazil, with very high-grade rare earth element (REE) assays suggesting the potential for significant ultra-high-grade hard rock monazite deposits. The company has identified five high-priority drilling targets based on these assays, which have shown TREO (total rare earth oxides) values as high as 4,582 ppm. This discovery positions Gold Mountain as a burgeoning presence in the global REE sector, with more results expected shortly.
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