MTM Critical Metals Limited (ASX: $MTM) has received the results of a surface geochemical sampling program at the Montviel South REE-Nb project in Québec, Canada. The program revealed significant rare earth element (REE) and niobium (Nb) anomalies, indicating the potential for additional carbonatite-hosted mineralisation adjacent to the Montviel REE-Nb deposit. A follow-up exploration program is planned for the summer field season, along with further work at the Pomme project.
The geochemical anomalies highlighted by the sampling at the Montviel South project confirms that the area is geologically prospective for carbonatite-hosted REE-Nb mineralisation, similar to the nearby Montviel deposit and MTM's Pomme REE-Nb project. This part of the Montviel intrusive complex has not been comprehensively explored, and the available exploration results show that the claims contain anomalous REE, niobium and other elements indicative of carbonatite-hosted mineralisation. The Company is currently considering options for the next phase of exploration at Montviel South, which will be undertaken during the summer field season in Quebec, in conjunction with our work program at the Pomme Project.
MTM Critical Metals has identified significant rare earth element (REE) and niobium (Nb) anomalies at the Montviel South project in Québec, Canada, indicating the potential for additional carbonatite-hosted mineralisation. The company plans to conduct a follow-up exploration program during the summer field season, including further soil sampling, trenching, and a high-resolution drone geophysical survey. The anticipated results of this work program should help identify drilling targets and develop a plan for an initial drilling program to discover new areas of prospective carbonatite-hosted REE-Nb mineralisation. The Montviel South area is known to contain highly anomalous REE's in rock outcrops and glacial boulders, and is located 10km south of MTM's Pomme REE-Nb project. The company's Managing Director, Mr Lachlan Reynolds, expressed confidence in the geological prospectivity of the area and highlighted the ongoing exploration efforts in Quebec. MTM Critical Metals remains focused on discovery to increase value for shareholders.