goldmountain

⛏️ GOLD MOUNTAIN TARGETS HISTORIC BRAZILIAN TUNGSTEN MINE

Summary:
Australia-listed Gold Mountain has secured an exclusive 12-month right to acquire the historic Malhada do Angico tungsten mine in Brazil, opening a new exploration opportunity in the Seridó Tungsten Province.

Key Points:
🔹 Project covers approximately 857.5 hectares
🔹 Located in Brazil’s Seridó Tungsten Province
🔹 Historic mine operated during World War II
🔹 Three initial samples returned >10,000 ppm tungsten
🔹 Equivalent to roughly 1.25% WO₃
🔹 Auger drilling of historical tailings has begun
🔹 Further exploration is subject to permitting

Market Insight:
Tungsten is a strategically important industrial and critical mineral. Gold Mountain’s move gives it an opportunity to test the potential of a historic Brazilian mining area, but the transaction remains at the exclusive-right and exploration stage.

Asset to Watch: Gold Mountain (ASX: GMN) • Tungsten

#Tungsten #Mining #CriticalMinerals #Brazil #GoldMountain $PAXG $XAUT $XAU