Red Mountain Mining Gold Discovery Delivers Exceptional Fry Lake Results

Red Mountain Mining Strikes Gold: Exceptional High-Grade Results at Fry Lake

Red Mountain Mining (ASX: RMX) has announced exceptional high-grade gold assay results from its channel sampling program at the Flicka Zone within its 100%-owned Fry Lake Gold-Copper Project in Ontario, Canada. The results highlight the strong gold tenor of mineralised veins and reinforce the project's potential for follow-up drilling.

Outstanding Gold Assays Confirm Project Potential

Channel sampling across three main vein prospects at the Flicka Zone has returned impressive high-grade gold results, with standout intercepts including:

• 1m @ 13.6g/t Au from Vein 2 (including 0.35m @ 25.1g/t Au)
• 0.5m @ 17.7g/t Au from Vein 2
• 1m @ 9.9g/t Au from Vein 3 (including 0.7m @ 13.2g/t Au)
• 1.7m @ 5.2g/t Au from Vein 3 (including 1m @ 7.9g/t Au)
• 0.25m @ 11.6g/t Au from Vein 1
• 0.6m @ 6.7g/t Au from Vein 1

These results successfully confirm RMX's 2024 grab sampling and demonstrate the high-grade nature of gold mineralisation at Flicka Lake, with all three main vein prospects returning results greater than 5g/t Au.

"A series of shallow, high-grade channel sampling results at our Fry Lake Gold Project underscores the significant potential of the tenement. Fry Lake is now primed for targeted follow-up drilling. The team at Red Mountain is grateful to have the continued support of Fladgate Exploration, who had elected to take part of their consideration in RMX shares. Having partners who are prepared to back their work with equity underscores the strength of the project, the confidence in the exploration strategy and the commitment of all parties involved."

– Lincoln Liu, Managing Director

Comprehensive Exploration Approach

Beyond the high-grade channel sampling at the Flicka Zone, RMX has completed an extensive soil and rock chip sampling program across four priority target areas:

1. North Grid: 523 samples collected in an area where previous soil samples returned up to 17.8g/t Au and 1,630ppm Cu
2. Northwest Grid: 272 samples collected around a previous soil sample containing 0.82g/t Au
3. Central Grid: 86 samples centred around a soil sample that returned 2,420ppm Cu
4. South Grid: 131 samples in an area with previous soil samples containing up to 858ppm Cu

Assay results for these additional samples are expected by the end of September, with potential to identify new gold and copper targets across the project.

Understanding Orogenic Gold Systems

Orogenic gold deposits form in metamorphic rocks along regional-scale fault structures. These systems typically feature gold-bearing quartz veins that follow structural pathways created during tectonic events. The Superior Province in Canada, where the Fry Lake Project is located, is globally recognised as a Tier 1 exploration destination for these types of deposits.

The gold-bearing veins at the Flicka Zone exhibit many classic characteristics of orogenic gold systems, including:

• Quartz-rich veins with visible sulfides (pyrite)
• Structural control along shear zones
• Presence of high-grade gold in discrete vein sets
• Association with altered host rocks

This geological setting is similar to other significant gold deposits in the region, including the historically productive Golden Patricia, Pickle Crow, and Dona Mines.

Strategic Partnership Enhances Exploration

RMX has entered into a strategic partnership with Fladgate Exploration Consulting Corporation to conduct the 2025 exploration program at Flicka Lake. Notably, Fladgate has agreed to accept RMX shares as part consideration for its services, demonstrating strong confidence in the project's potential.

This partnership provides RMX with access to Fladgate's local expertise in the Superior Province, while allowing the company to preserve cash for high-impact exploration activities.

Future Exploration Plans

With these encouraging high-grade gold results, RMX is well-positioned to advance exploration at the Fry Lake Project. The company's next steps will likely include:

1. Targeted drilling to test the depth and strike extent of the high-grade veins at Flicka Zone
2. Follow-up exploration at the four soil sampling grids once results are received
3. Potential expansion of the exploration footprint based on forthcoming assay results

Why Investors Should Track Red Mountain Mining

Red Mountain Mining presents a compelling investment proposition for several key reasons:

1. High-Grade Gold Discovery: The exceptional gold grades from surface sampling (up to 25.1g/t Au) demonstrate the potential for a significant high-grade gold system.

2. Strategic Location: The Fry Lake Project is situated in the Meen-Dempster Greenstone Belt, part of the Superior Province—a world-class gold province with a history of multi-million-ounce discoveries.

3. Multiple Target Areas: Beyond the Flicka Zone, RMX has identified several promising target areas with anomalous gold and copper values, suggesting potential for both precious and base metal discoveries.

4. Vote of Confidence: Fladgate Exploration's willingness to accept RMX shares as payment represents a significant vote of confidence from industry professionals familiar with the project and region.

5. Catalysts Ahead: With pending assay results from over 1,000 soil and rock samples and plans for follow-up drilling, RMX has multiple near-term catalysts that could drive share price appreciation.

Red Mountain Mining has positioned itself in a highly prospective gold district with initial results that validate the high-grade potential of the Fry Lake Project. For investors seeking exposure to early-stage gold exploration with significant upside potential, RMX offers a compelling opportunity backed by tangible high-grade gold results and a clear path forward.

Want to Invest in High-Grade Gold Potential?

Discover how Red Mountain Mining's exceptional gold assays at Fry Lake could represent a significant investment opportunity in a world-class gold province. With high-grade results of up to 25.1g/t Au and strategic partnerships demonstrating confidence in the project, RMX is positioned for exciting developments ahead. To learn more about Red Mountain Mining and its promising Fry Lake Gold-Copper Project, visit their Investor Hub today and stay informed about upcoming exploration activities and results.