Monger Gold Limited announced that the Stage Two Reverse Circulation (RC) drill program of 28 holes for 3,000m has commenced at the Providence Prospect, Mt Monger North Project. The program will test depth and strike extensions of gold intercepts found in the Stage One RC drill program. Company geologist reviews of the project have concluded that historical shallow drill holes did not intersect the high-grade gold mineralisation due to a geological plunge component to mineralisation and secondly because of leaching and removal of gold in saprolite.

Additionally, two historic diamond drill holes in the northeast appear to have failed to intersect the very high-grade gold mineralisation discovered by MMG, because of a northwest-strike fault. MMG analysis of historical geological mapping data found the fault offsets porphyry within a SW linear fault, which is parallel to and may be a continuation of, the rock type found in the porphyry lode at Providence. Due to the linear nature and length of the porphyry (~400m) contained within a structure on the opposite side of the fault (NE), the gold mineralisation at Providence has the potential to have better continuity than has been found when quartz vein gold mineralisation is hosted purely in the Wombola dolerite.

MMG has successfully procured an RC drill contractor and staff to complete this drill program under the current challenging business conditions of staff shortages and disruption to supply lines in the mining industry.