Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Investing

Bonanza Grade Gold Results at Flicka Lake

admin by admin
November 6, 2024
in Investing
0
Bonanza Grade Gold Results at Flicka Lake
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Red Mountain Mining Limited (“RMX” or the “Company”) is pleased to advise that it has received gold results for 91 rock grab samples collected during September from the Company’s 100%-owned Flicka Lake prospect in Ontario, Canada. The rock chip sampling was carried out in parallel with a soil sampling program. Approximately 400 locations were visited within the Flicka Lake claims and 91 rock grab samples and 283 soil samples were collected and submitted for multielement geochemical analysis, including gold by Flame Assay and a base metal suite by four acid digest with ICP-OES finish. Soil results assay results are expected before the end of November.

HIGHLIGHTS

  • Gold results from 91 rock chip samples collected from Flicka Lake received
  • Bonanza grade values confirmed for the Flicka Zone:
    • Flicka Vein #2 returned values of 24.2ppm (24.2 g/t Au) and 19.4ppm (19.4 g/t Au)
    • Flicka Vein #3 returned a peak value of 9.35ppm (9.35 g/t Au)
  • Results supported by historical desktop study as announced last week
  • 0.514ppm (0.514 g/t Au) returned for a pyritic vein sample 800m WSW of Flicka Zone, along the strike of the main shear, highlighting the potential for strike extension of high grade mineralisation
  • Soil assay results are expected to be received before the end of November

As outlined in RMX’s ASX announcement of 30 October 2024, the rock and soil sampling program was designed to test ten target zones defined using available geological and geophysical data for the Flicka Lake tenement. Zones sampled included the Flicka Zone, previously identified and sampled by Troon Ventures in the early 2000s.

High gold grades for the Flicka Zone confirmed by rock chip sample results

The gold values returned for the 91 rock chip samples are shown on Figure 1 and Figure 2 and listed on Table 1. The best results were obtained from Vein #2 and Vein #3 of the Flicka Zone, with peak values of:

  • 24.2ppm (24.2 g/t Au) (Sample 1292085) and 19.4ppm (19.4 g/t Au) (Sample 1292094, shown in Figure 3) from Vein #2.
  • 9.35ppm (9.35 g/t Au) (Sample1292086) from Vein #3.

The RMX rock chip results are consistent with historical rock chip and channel sampling results reported by Troon Ventures for the Flicka Zone (Figure 2) that range up to 16.88ppm (16.88 g/t Au) for Vein #1, 12.96ppm (12.96 g/t Au) for Vein #2 and 20.067ppm (20.067 g/t Au) for Vein #3 (refer to RMX ASX Announcement 30 October 2024).

The gold results to date from the Flicka Zone veins are comparable to the recorded grade of the Golden Patricia Mine (refer to Figure 4), a steeply dipping narrow quartz vein system averaging only 40cm in width that is located approximately 25km NE of the Flicka Lake project area. Between 1987 and 1997, Golden Patricia produced 0.62Moz of gold from 1.22Mt of ore averaging 14.4ppm (14.4 g/t Au)1.

An additional pyritic vein sample, located ~800m WSW of the Flicka Zone along the strike of and striking approximately parallel to the main Flicka Zone shear (Figure 1) returned a value of 0.514ppm (0.514 g/t Au), which highlights the potential for the high-grade mineralisation sampled at the Flicka Zone to persist along the shear system.

Next steps

Following receipt of soil geochemistry and full base metal rock chip sample results, expected during November, RMX will evaluate the full dataset to prioritise targets within the Flicka Lake claims for further surface sampling, where justified and drill testing during the 2025 Canadian field season.

Click here for the full ASX Release

This post appeared first on investingnews.com

Previous Post

Election Edge: Navigating the Gold, Energy and Crypto Markets as Voting Day Approaches

Next Post

Top 10 Uranium-producing Countries (Updated 2024)

Next Post
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Cobalt Producers by Country (Updated 2024)

Top 10 Cobalt Producers by Country (Updated 2024)

September 19, 2024
Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

October 24, 2023
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

June 7, 2025
How AI is Poised to Rewire the Foundations of Medicine

How AI is Poised to Rewire the Foundations of Medicine

June 7, 2025
Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

June 7, 2025
Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

June 7, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

June 7, 2025
How AI is Poised to Rewire the Foundations of Medicine

How AI is Poised to Rewire the Foundations of Medicine

June 7, 2025
Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

June 7, 2025
Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

June 7, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved