Announcement Date: 2023-07-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Red Mountain Mining Ltd.
Project name: Mustang
Location: United States
Commodities: Lithium
Highlight: Drilling results incl. 48.77m at 687ppm Li from 3.05m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Red Mountain Mining Limited (“RMX” or the “Company”) is pleased to advise that fast-tracked assay results have confirmed the discovery of lithium bearing claystone from its Phase 1 drilling campaign at its 100% owned Mustang Lithium Project in Nevada, U.S.A. The recently completed maiden reverse circulation (RC) program at Mustang has successfully provided confirmation of lithium discovery from initial surface sampling in February 20231. Significant thick high-grade lithium claystone was intersected in eight (8) out of ten (10) drill holes at the greenfields tenure of Mustang (see Figure 1), with seven (7) holes intersecting high-grade lithium from or near surface.
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