Phosphate Australia commences drill testing at Mount Monger Gold Project

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Phosphate Australia's Mount Monger project Image credit: www.phosphateaustralia.com.au

Multi commodity resources company Phosphate Australia Limited has begun drill testing of priority targets at its 100% owned Mount Monger Gold Project which is situated within a well-endowed gold belt in Western Australia.

Phosphate Australia's Mount Monger project Image credit: www.phosphateaustralia.com.au
Phosphate Australia’s Mount Monger project
Image credit: www.phosphateaustralia.com.au

Phosphate said the maiden drill program of approximately 1,500 metres aircore will test multiple priority under-cover gold targets over a 5kn collective strike.

“These targets are located within 10 to 16km of the currently operating 1.2 Mtpa Randalls gold plant of Silver Lake Resources Limited,” the company said in a statement to the ASX.

“The drilling should be completed before the end of March and assay results will be reported once they have been received and assessed.”

Adertisement

The Mount Monger project – which consists of tenement E25/525 (26.6km2) – is located 43km east of Kambalda and approximately 70km by road from Kalgoorlie.

A review of the historic drilling data has identified a palaeochannel and a lode gold target at the Kiaki Soaks Prospect in the eastern tenement area.

The western tenement area contains the Emu Prospect, seven strike kilometres of largely undercover banded iron formation (BIF) which is prospective for gold.