Monger Gold Ltd (ASX:MMG) Copper & Zinc found in Rock Chip Samples at Mt Monger South

Monger Gold Limited (ASX:MMG) is pleased to announce assay results from follow-up rock-chip sampling on tenements P26/4106 and P26/4106 (fig. 1, table 2*), located within the 17.7km2 Mt Monger South Project.

Highlights:

- Rock-chip sample assay results from the Ben Nevis Prospect at Mt Monger South include:

o Copper assays to a maximum 1,086ppm
o Zinc assays to a maximum of 3,742ppm

- A total of 23 anomalous rock chip samples have extended the surface anomaly to 150m long with one anomalous sample located a further 180m west

- The anomaly is now over 230m strike within a broader prospective zone of 5km of continuous strike, with an increase in zinc found towards the west

- This previously under explored area is being interpreted as a potential zone of copper and zinc VMS style mineralisation

- Geochemical sampling program across all tenements is currently underway and is scheduled to be completed in Q2 2022 with samples to utilise CSIRO Ultrafine+ fraction soil technique

- A FLEM geophysics survey is scheduled across the anomaly in June 2022

This campaign was designed to follow up MMG's 2022 rock chip sampling with anomalous rock chip samples from a gossanous sediment adjacent to a basalt (ASX Release 17 March 2022 - "Copper & Zinc found in Rock Chip Samples at Mt Monger South"). Twenty-four additional samples were taken from the same stratigraphic horizon west along strike, extending the anomaly to over 150m with one additional anomalous sample a further 180 west (fig. 1; table 1*). The samples were found to be higher in zinc compare to the eastern samples with 8 samples above 0.1% zinc.

Monger Gold's Non-Executive Chairman, Peretz Schapiro commented, "These rock chip assay results announced today are a testament to us following through on a methodical and systematic exploration approach. These results have justified our plan for a new EM geophysics survey to be completed in June.

MMG is planning a geochemical soil sampling program in June 2022 and a second stage geological mapping program, focusing on building a structural geological model (specialist structural geologists at Model Earth Pty Ltd) in July. Samples from the geochemical program will utilise the Ultrafine+ fraction soil. A FLEM geophysics program is planned for July (fig 2*).

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/K0M9M3XV

Peretz Schapiro
Non-Executive Chairman
info@mongergold.com.au