Gold Mountain Limited (AU:GMN) has released an update.
Gold Mountain Limited has reported the discovery of significant thorium anomalies in the Ronaldinho Project area, Brazil, after conducting 3.87 kilometers of preliminary traversing with specialized spectrometers. These anomalies, which are often linked to rare earth element (REE) mineralization, suggest the presence of extensive mineralised rock and warrant further investigation, scheduled to begin in July. The findings highlight potential for high-grade REE mineralization, comparable to known mineralized zones with over 4% TREO.
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