| 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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