Yamarna is located just 20 kilometres along strike from Gold Road Resources (ASX:GOR) multi-million ounce ore body at Gruyere.
Drilling at Yamarna
Montezuma's drilling program intersected broad zones of alteration including silica, biotite and sericite overprinting, associated with quartz veining +/- sulphides in several holes.
The company said the alteration occurs over zones of up to 40 metres downhole and is interpreted to have resulted from a significant hydrothermal event.
The drilling was completed at the Jatz, Le Snak and Salada prospects following a regional integrated structural review using the available aeromagnetic, gravity and drilling datasets.
The favourable geology was associated with significant gold anomalism in places and further confirmed the kilometre scale Jatz trend.