
Red Mountain to start gold drilling as it looks to acquire rare earths project
After completing the required heritage clearance survey, and securing a reverse circulation (RC) drill rig for its maiden drill program at its Mt Maitland high-grade gold project in Western Australia, Red Mountain Mining Limited (ASX: RMX) is set to start drilling. The drilling program is planned for 18 holes for approximately 1300m and is scheduled to commence in the first week of November. Historical mining delivered an average production grade of 19 g/t gold and the company expects there could be early stage share price catalysts on the horizon should the program go well. RMX’s project is in close proximity to the $1.1b Westgold Resources Fortunum Gold Mine and its Bluebird Gold Mine to the south. It is also near…