Gold Mountain’s exploration efforts at the Down Under project in Brazil have yielded promising results, with initial geochemical findings pointing to potential rare earths deposits over a significant area. The company’s regional stream samples have revealed anomalous responses across 80 square kilometres, indicating the presence of ionic-adsorption clay-hosted rare earths deposits and high-grade monazite-hosted mineralisation with niobium, uranium, and scandium.
Further surveys, including radiometric traverses and thorium signatures, have identified seven distinct areas with five immediate drill targets. The combination of stream geochemical and radiometric surveys has proven effective in refining target identification, with thorium signatures coinciding with anomalous rare earths results.
Gold Mountain’s exploration strategy involves following up on geochemically anomalous catchments with radiometric surveys to define drilling targets. The company is also focusing on local radiometric anomalies near Maracas, where well-preserved laterite profiles suggest good preservation of rare earths deposits.
With additional geochemical results expected to be returned soon, Gold Mountain remains optimistic about discovering further high-grade rare earths targets. The company’s field exploration is ongoing, covering significant ground each day, and plans to commence drilling at the new targets once a second rig is delivered next month.
As Gold Mountain continues its exploration efforts in Brazil, the potential for significant rare earths deposits in the region continues to grow, promising exciting developments for the company and investors alike.
