Gold Mountain (ASX:GMN) submits drill samples for analysis at Irajuba prospect

Gold Mountain Limited (ASX:GMN) has submitted 104 drill hole samples from 11 initial drill holes from the Irajuba tenements in the Down Under Project area. The drill holes include holes close to channel sample DUCA013 and DUCA018 that contained 1,045 ppm TREO, magnet REE of up to 33.6% of TREO and heavy REE of up to 19.1% of TREO in a strongly weathered profile.

Executive Commentary on Irajuba Prospect Drill Samples Submission

The Company is pleased to announce the submission of 104 drill hole samples from the Irajuba tenements in the Down Under Project area. This marks a significant step in our ongoing exploration efforts, and we are encouraged by the initial findings. The drill holes have intersected lateritic weathered profiles in the Irajuba prospect tenements, which had outstanding stream sediment values previously reported. We are committed to continuing the drilling program and look forward to the results of the laboratory analysis. Our focus remains on advancing our projects and delivering value to our shareholders.

Summary of Gold Mountain (ASX:GMN) Announcement

Gold Mountain Limited (ASX:GMN) has submitted 104 drill hole samples from the Irajuba tenements in the Down Under Project area for analysis. The drill holes have intersected lateritic weathered profiles and have shown promising initial findings. The Company plans to continue the drilling program, with ongoing auger drilling for the rest of 2024 and into 2025. Extensive radiometric surveying will also be undertaken along all drill hole traverses. The submission of drill samples and the continuation of the drilling program demonstrate Gold Mountain's commitment to advancing its projects and exploring the potential of the Irajuba prospect. The Company's diversified project portfolio, including rare earth elements, niobium, lithium, nickel, copper, and gold assets in Brazil and Papua New Guinea, reflects its focus on exploration and value creation. Gold Mountain remains dedicated to delivering results and creating long-term value for its stakeholders.