Gold Mountain Limited reports significant new rare earth oxide anomalies and a large gold target at its Down Under Project in Brazil, reinforcing its position in an emerging world-class rare earth province.
- 271 stream sediment samples reveal extensive TREO anomalies
- Significant extensions to Irajuba mineralisation confirmed
- Large-scale gold target identified with arsenic, molybdenum, sulphur support
- Targeted auger drilling and diamond drilling planned to refine resource estimates
- Radiometric traversing and geophysical surveys to follow for high-grade zones
Exploration Breakthrough in Brazil
Gold Mountain Limited (ASX – GMN) has announced highly encouraging exploration results from its Down Under Project in eastern Brazil, where 271 regional stream sediment samples have revealed extensive total rare earth oxide (TREO) anomalies. These findings highlight significant extensions to the known Irajuba mineralisation and confirm the growing prospectivity of this emerging rare earth element (REE) province.
The samples, collected across the northwest tenements including the Planaltino, Maracas, and Nova Itaipe prospects, have identified strongly anomalous TREO zones that suggest a much larger mineralised footprint than previously understood. This reinforces Gold Mountain’s strategy to position itself as a key player in the global REE market, which is critical for technologies such as electric vehicles and renewable energy.
Gold Potential Adds New Dimension
In addition to the rare earth discoveries, the company has identified a large-scale gold anomaly, particularly at Nova Itaipe, supported by coincident arsenic, molybdenum, and sulphur anomalies. These geochemical signatures are often associated with structurally controlled gold mineralisation, suggesting the potential for a significant gold deposit alongside the REE assets.
Gold Mountain plans to follow up with auger drilling and soil sampling to better define this gold target before undertaking detailed geophysical surveys and infill sampling. This multi-commodity approach could enhance the overall value proposition of the Down Under Project.
Next Steps – Drilling and Radiometric Surveys
The company is advancing its exploration with a targeted auger drilling program aimed at refining diamond drill targets in the highest TREO zones. Access agreements and permitting are underway, with radiometric traversing planned to identify ultra-high-grade hard rock REE mineralisation. Meanwhile, diamond drilling at the Irajuba IR-1 prospect is progressing well, underpinning the potential for a substantial resource.
These activities are expected to provide critical data to support future resource estimation and potentially move the project closer to development. The combination of stream sediment sampling, auger drilling, and radiometric surveys represents a comprehensive approach to delineating both the scale and grade of mineralisation.
Strategic Positioning in a Growing Market
Gold Mountain’s expanding portfolio in Brazil, which includes lithium, copper, and nickel projects alongside REE and gold, positions the company well within a resource-rich region. The Down Under Project’s large landholding and diverse mineralisation styles offer multiple pathways for growth and value creation.
Executive Director David Evans expressed confidence that the ongoing programs will unlock significant value, highlighting the company’s commitment to advancing its pipeline of high-quality targets. The recent results mark an important milestone in confirming the scale and potential of the Down Under Project.
Bottom Line?
Gold Mountain’s latest discoveries deepen its foothold in Brazil’s rare earth and gold sectors, setting the stage for a pivotal drilling campaign.
Questions in the middle?
- How will upcoming auger and diamond drilling results impact resource estimates?
- What is the potential scale and grade of the newly identified gold target?
- How quickly can permitting and access agreements be secured to maintain exploration momentum?