Junior explorer Gold Mountain (ASX:GMN) has reported its highest drill hole gold results to date from assays of two more holes at its Mt Wipi prospect in Papua New Guinea.
Gold Mountain (ASX:GMN) discovers drill targets at Mt Wipi
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Gold Mountain (GMN) has identified three high-priority target areas at the Mt Wipi prospect which is part of the Wabag Project in Papua New Guinea
These targets contain anomalous copper, gold, and pathfinder elements which were discovered through a soil sampling program
Of the 550 samples collected so far, Gold Mountain has received assays from 390 samples and will use the findings for an upcoming drill program
Drilling will include between five and 10 holes and is expected to begin next month
Company shares are trading down 2.44 per cent at 4 cents each