Gold Mountain (ASX: $GMN) announces highly anomalous rare earths in Jiquiriçá tenements

Gold Mountain Limited (ASX: $GMN) has announced the reception of 54 stream sediment samples from the Irajuba tenements in the Down Under Project area, demonstrating very high grade results. The samples indicate excellent rare earth element (REE) potential in the Jiquiriçá tenements, extending the area of highly anomalous rare earths.

Executive Commentary on Jiquiriçá Tenements

The company is excited to report the very high grade results in the stream sediment samples from the Irajuba tenements, which indicate excellent rare earth element potential in the Jiquiriçá tenements. The identified potential for ultra-high grade hard rock monazite hosted REE-Nb-U-Sc mineralisation is a significant development. The future workplan includes the identification of specific drill sites to cover known well-preserved lateritic weathering areas and the undertaking of radiometric traversing to search for potential ultra-high grade hard rock deposits. The company has also planned a program of stream sediment pan concentrate sampling and identified three groups of catchment areas with strongly anomalous geochemical REE assay results. The proposed drill sites are planned, and permits for drilling the Irajuba tenements will be sought in the fourth quarter of 2024.

Summary of Gold Mountain's Announcement

Gold Mountain Limited (ASX: $GMN) has announced highly anomalous rare earths in the Jiquiriçá tenements, with very high grade results in stream sediment samples indicating excellent REE potential. The company's future workplan includes the identification of specific drill sites, radiometric traversing, and a program of stream sediment pan concentrate sampling. The identified potential for ultra-high grade hard rock monazite hosted REE-Nb-U-Sc mineralisation is a significant development. The company has also defined drill targets and proposed drill sites, with permits for drilling the Irajuba tenements to be sought in the fourth quarter of 2024. Gold Mountain's diversified project portfolio in Brazil and Papua New Guinea positions it as an active explorer with highly prospective assets for a range of metals including rare earth elements, niobium, lithium, nickel, copper, and gold.