Red Mountain Mining Launches Drilling at Kiabye Gold Project Targeting New Magnetic Anomalies
Red Mountain Mining has initiated a 1000m reverse circulation drilling program at its Kiabye Gold Project in Western Australia, aiming to test newly identified magnetic anomalies and historic gold zones. The program is backed by recent capital raising and coincides with ongoing sampling at its Armidale Antimony-Gold Project.
- 1000m RC drilling program underway at Kiabye Gold Project
- Focus on two NE striking magnetic anomalies at Kiabye North
- Drilling to test historic gold hits and anomalous soil samples at Kiabye South
- Sampling completed at Armidale Antimony-Gold Project with assays due late May
- Program funded by recent capital raising supported by shareholders
Drilling Commences at Kiabye Gold Project
Red Mountain Mining Ltd (ASX: RMX) has announced the start of a targeted 1000-metre reverse circulation (RC) drilling campaign at its 100%-owned Kiabye Gold Project in Western Australia. The program aims to test two recently delineated northeast-striking magnetic anomalies at Kiabye North, which are interpreted as magnetite-bearing quartz vein systems, structures often associated with gold mineralisation in the region.
The company is also focusing on Kiabye South, where historic drilling and soil sampling have identified promising gold signatures. Notably, a previous shallow RAB drill hole ended with a high-grade gold intercept of 3.45 grams per tonne, and soil sampling has revealed anomalous gold concentrations coinciding with a 2-kilometre-long magnetic feature. This suggests potential mineralised leakage points along a fault or shear zone, which the current drilling will seek to confirm and extend at depth.
Strategic Exploration Supported by Recent Capital Raising
The drilling program is fully funded by a recent capital raising round, reflecting strong support from both new and existing shareholders. Red Mountain’s methodical approach combines high-resolution ground magnetic data with geochemical soil and rock chip sampling to refine drill targets, enhancing the chances of discovering economically viable gold mineralisation.
Alongside the Kiabye drilling, Red Mountain has completed an extensive sampling campaign at its Armidale Antimony-Gold Project in New South Wales. Over 860 soil samples and 170 rock chip samples were collected from the historic Oaky Creek stibnite mines area. Assay results from this program are expected by late May and could provide further exploration impetus.
Looking Ahead: Potential for Resource Growth
While the Kiabye Project drilling is still in its early stages, the combination of structural magnetic targets and encouraging historic gold hits positions Red Mountain well for potential resource expansion. The company’s exploration strategy, supported by competent geological oversight, aims to validate these targets and potentially unlock new zones of gold mineralisation.
Investors will be watching closely for assay results from both the Kiabye drilling and Armidale sampling programs, which will be critical in assessing the economic potential of these projects. The outcomes could influence Red Mountain’s development trajectory and market positioning in the competitive gold exploration sector.
Bottom Line?
Red Mountain’s drilling at Kiabye marks a pivotal step in testing promising gold targets, with assay results set to shape the company’s next growth phase.
Questions in the middle?
- Will the Kiabye drilling confirm extensions of high-grade gold mineralisation beyond historic intercepts?
- How will assay results from the Armidale Antimony-Gold Project influence Red Mountain’s exploration priorities?
- What are the implications of the magnetic anomalies for the broader gold potential of the Kiabye Greenstone Belt?
