Gold Mountain (ASX:GMN) said assays showed copper-iron anomalies from 306 regional stream sediment samples collected from the Iguatu project in Brazil, according to a Monday Australian bourse filing.
Gold anomalies associated with iron anomalies were interpreted to be related to fault zones and diorite intrusives.
It plans to conduct infill stream sediment and soil sampling in the copper and gold anomalous areas at the project, followed by induced polarization or other ground or airborne geophysics to define specific drill targets.
It will also map the potential dioritic intrusions in the area to assess whether there is gold mineralization associated at the margins.
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