announcement more exceptional gold results, page-2

RED MOUNTAIN RELEASES MORE, EXCEPTIONAL, GOLD RESULTS FROM LOBO
? Flat lying colluvium surface zone above lodes produces more, exceptional, gold results
? New results include 1.8m @ 55.9 g/t gold at surface including 0.9m @ 110.9 g/t gold
Perth-based Red Mountain Mining today released further, significant, high-grade gold results from vertical sampling through the shallow dipping layer of colluvial boulders and rubble eroded from the high-grade bedrock lodes announced on Tuesday 7th January 2014, at its Lobo Prospect, Batangas Gold Project, in the Philippines.
The peak new trench sampling intersection (additional sampling of Trench 7) is:
1.8 metres at 55.9 g/t gold (Au), vertically from surface, including 0.9m @ 110.9 g/t Au
Also released are additional results from Trench 13, 100m southwest of Trench 7, from vertical sampling of a colluvium boulder of 1.2m @ 17.2 g/t Au from 1.2m vertical depth including 0.6m @ 31.2 g/t Au.
Red Mountain Mining Managing Director Mr Jon Dugdale said, “These additional high-grade gold results indicate that the exceptionally high grades in bedrock are also dispersed into the overlying colluvium rubble, from right at surface. The Company will continue to rigorously sample the colluvium layer that may be wide spread down slope of the lodes and represent an additional, at surface, mineral resource target in conjunction with the primary target of the high-grade bedrock lode occurrences.”
The further trenching results to date from the colluvium layer are summarised in Table 1 below:
Drill hole
Northing (Grid)
Easting (Grid)
Dip
From m
To m
Thick m
Au g/t
Ag g/t
Cu %
Trench 7 A
9,878
9,997
-90
0.0
1.0
1.0
10.7
6.4
0.07
Trench 7B
9,880
9,998
-90
0.0
1.8
1.8
55.9
8.3
0.10
Including
0.9
1.8
0.9
110.9
14.5
0.14
Trench 9 A
9,870
9,996
-90
0.0
1.2
1.2
0.44
2.4
0.04
Trench 9 B
9,870
9,999
-90
0.0
1.0
1.0
0.35
2.1
0.07
Trench 10 A
9,892
10,003
-90
1.0
2.7
1.7
4.83
5.0
0.04
Including
1.9
2.7
0.9
8.10
5.8
0.05
Trench 10 B
9,891
10,001
-90
0.0
2.6
2.6
2.24
1.8
0.05
Trench 10 C
9,890
9,999
-90
0.0
1.7
1.7
2.25
2.4
0.04
Trench 10 D
9,889
9,996
-90
0.0
1.0
1.0
1.83
2.6
0.06
Trench 13 A
9,985
9,763
-90
1.0
1.4
0.4
0.09
2.4
0.01
Trench 13 B
9,987
9,762
-90
0.8
1.3
0.5
5.13
3.2
0.04
Trench 13 C
9,990
9,762
-90
1.2
2.4
1.2
17.2
7.5
0.03
Including
1.2
1.8
0.6
31.2
12.0
0.04
Trench 16 A
9,986
9,768
-90
0.0
0.6
0.6
0.21
<0.5
0.01