Gold Mountain Limited (ASX: GMN) has resumed exploration at Mamba Creek, part of the Wabag Project in Papua New Guinea. A revised geological interpretation at Crown Ridge suggests a northern source for gold nuggets. A significant copper-zinc anomaly at Mamba Creek has been identified as a high-priority target, with potential for both epithermal and porphyry copper-gold systems. A stream sediment and rock chip sampling program is scheduled for late August to assess these targets.
Located 4.5 km north of Crown Ridge, Mamba Creek shares similarities with the Mongae Creek-Monoyal porphyry systems. The planned two-week sampling program aims to evaluate the mineralization potential further.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.