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Montezuma Mining to chase new gold clues at Yamarna


On the back of encouraging drill hits and target-building survey work at its Yamarna gold project in Western Australia, Montezuma Mining Company (ASX:MZM) has flagged a number of prospects for follow-up work in the coming quarters.

The company has planned to focus on the Salada, Sao and Ritz areas of the project in addition to the primary prospects of Captains, Cruskit and Jatz, the latter of which has recently emerged as the most promising development with a strike length of about 5 kilometres and gold values up to 19.1 g/t.

The definition of the new targets followed a close spaced aeromagnetic survey which demonstrated potential for large-scale gold deposits.

Salada and Ritz are characterised by a granite greenstone contact while Sao is noted for being situated in a dilation zone.

Dilation zones represent a geological deformation often known to host gold-bearing quartzes.

Gold at Yamarna occurs in zones of altered greenstones with variable silica, carbonate, pyrite and sericite alteration with quartz veining - demonstrating all the hallmarks of a mesothermal shear hosted gold system with potential for significant scale.

The new targets are in close physical proximity to Jatz, Captains and Cruskit, each of which has produced numerous gold results in previous drilling.

A 37-hole program has so far produced 16 assays to date, with 21 holes pending.

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