Gold Mountain (ASX: $GMN) Rare Earth Drill Targets Defined

Gold Mountain Limited (ASX: $GMN) has announced the definition of drill hole locations at its Down Under Project in Brazil, targeting rare earth mineralisation. The company has identified highly anomalous stream sediment samples and radiometric anomalous responses, leading to the definition of initial 3,220m of high priority augur drill targets. The project has shown potential for ultra-high grade hard rock monazite hosted REE-Niobium-Uranium-Scandium, with ongoing sampling and additional spectrometer traverses planned.

Executive Commentary on Rare Earth Drill Targets

The company is excited to announce the progress made in defining rare earth drill targets at the Down Under Project in Brazil. The initial 3,220m of high priority augur drill targets have been defined, and the reconnaissance work has yielded promising results. We are looking forward to commencing heavy mineral sampling programs and additional spectrometer traverses to further confirm the presence of Rare Earth (REE) contents in the geochemically and radiometrically anomalous areas. The ongoing stream sediment sampling and interpretation of additional results are expected to lead to the identification of more drill holes as we continue to advance our exploration efforts.

Summary of Rare Earth Drill Targets Announcement

Gold Mountain Limited (ASX: $GMN) has made significant progress in its greenfield exploration program at the Down Under Project in Brazil. The identification of high priority drilling targets and the potential for ultra-high grade rare earth mineralisation is a positive development for the company. With ongoing sampling, additional spectrometer traverses, and heavy mineral sampling programs planned, Gold Mountain is poised to further validate the presence of rare earth elements. The company's focus on defining drill hole sites and conducting preliminary metallurgical testing demonstrates its commitment to advancing the exploration and unlocking the potential of its projects. The future workplan, including the commencement of drilling and the interpretation of additional results, reflects Gold Mountain's dedication to maximizing the value of its assets and driving its exploration initiatives forward.