Gold Mountain Limited
Metals/Mining - N/A, N/A, AU
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Gold Mountain Limited Details
Gold Mountain Limited (ASX: GMN) is an Australian, publicly listed company exploring for world class, porphyry copper-gold-molybdenum deposits in the highly prospective Papuan Mobile Belt (PMB) in Papua New Guinea. GMN's flagship Wabag Project has three priority targets all of which were previously covered by BHP tenement applications:Target 1 - Monoyal - Porphyry Copper, Gold and Molybdenum TargetWide intercepts of copper and molybdenum identified in drill holesMineralisation covers a 1km long by 800m wide areaRecent outcrop sampling extends area of known mineralisation to the North WestTarget 2 - Mt Wipi - Porphyry Copper, Gold and Skarn targetsGMN has targeted the Mt Wipi area which is considered to be highly prospective, it is located along the same structural trend as both the Monoyal and Sak Creek targetsHigh grade copper assays were obtained from outcrops along a creek systemTarget 3 - Sak Creek - Porphyry Copper and Gold TargetLarge copper in soil anomaly – covers 800m long by 500m wide areaAlternation characteristics of typical porphyry depositsHigh grade copper / gold and lead – zinc mineralisation identified in shears which is indicative of being at the upper levels of a porphyry system
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