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Element 25 Ltd

Montezuma Mining Company wraps up survey over gold target

Montezuma holds a portfolio of projects located in Western Australia.

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The company has a focus on gold and manganese-copper

Montezuma Mining Company Ltd (ASX:MZM) has completed a successful dipole-dipole array induced polarisation (IP) orientation survey at the company’s wholly-owned Holleton Gold Project in Western Australia.

The purpose of the survey was to test whether the technique can be used to target areas with higher sulphide concentrations along the 2 kilometre long basement gold anomaly at the Brahma Prospect.

There has been little historical drilling, with only three holes drilled deeper than 40 metres, with highlights including: 73 metres at 0.3g/t gold.

Montezuma noted that the results of the survey indicate that a larger scale IP survey along the entire 2 kilometre strike length of the Brahma gold target may be the most cost effective method to generate drill targets and expedite the identification of potentially higher grade zones at Brahma.

Portfolio

Montezuma has 100% interests in the Yamarna Gold Project in the Yamarna Greenstone Belt, the Holleton Gold Project in the Wheat Belt region and the Butcherbird Manganese/Copper Project in the Murchison region, all located in Western Australia.

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