Evergreen Lithium (ASX:EG1) continues to build its gold portfolio in WA’s premier gold districts, executing a binding option agreement to acquire up to 100% of the Mt Monger Gold Project.
The deal formalises the transaction first flagged in September and positions Evergreen to leverage a highly prospective, infrastructure-rich package just southeast of Kalgoorlie.
Location with proven potential
The Mt Monger Gold Project spans a contiguous set of tenements within the Mt Monger pastoral lease, an area responsible for more than 1.7Moz of historical production and home to ongoing operations.
The project sits close to existing processing infrastructure (including Vault Minerals’ Randalls mill) and in the same region as Lefroy Resources’ recent Burns discovery.
All prospects within the package have benefited from historic drilling by groups such as WMC, Hampton Hill Mining and Rubicon Resources. However the broader system remains underexplored, with untested strike extensions and favourable structural trends providing plenty of follow-up targets.
Historic intercepts
Notable intersections previously reported include:
- Kiaki Soaks: 40m @ 2.49 g/t Au from 32m
- Duchess of York: 9m @ 5.02 g/t Au from 26m; 3m @ 17.6 g/t Au from 13m; 6m @ 3.63 g/t Au from 118m; 20m @ 2.87 g/t Au from 56m
- Red Dale North: 4m @ 5.01 g/t Au from 45m
- Hickmans Find: 2m @ 3.27 g/t Au from 14m
These intercepts highlight the project’s near-surface potential and the opportunity for both shallow and deeper structural extensions. With approximately 5km of strike between key prospects remaining largely untested, Evergreen sees scope for significant new targets.
