Red Mountain Mining Limited has released encouraging drilling and exploration results from its 100%-owned Kiabye Gold Project in Western Australia. The company’s recent nine-hole RC drilling campaign, totalling 993 metres, focused on both the Kiabye South and Kiabye North prospects. At Kiabye South, the drilling program successfully intersected structurally controlled quartz veining with significant gold values. Notably, one drill hole (KSRC007) returned an intersection of 1 metre grading 2.92 grams per tonne gold, while other holes recorded mineralised intervals with grade values above 0.1 g/t gold. Historical data from shallow RAB drilling further supports the presence of this mineralisation along the north-south trending magnetic line, linked to gold-in-soil anomalies. In parallel, the exploration team reported the discovery of six alluvial gold nuggets from a newly targeted area known as Prospectors Patch, with the largest nugget weighing 10 grams and an aggregate weight of 13.1 grams. While these visually identified nuggets have not been assayed to confirm their purity, they provide additional evidence of gold mineralisation near gossanous quartz breccias and a major thrust fault, possibly indicating proximal primary sources that warrant further systematic sampling. The technical drill programme employed slimline RC drilling alongside high-resolution ground magnetic surveys. The collection process involved 1-m interval samples—sometimes composited over up to 4 metres—and measurements of magnetic susceptibility using a meter with high sensitivity. Results from Kiabye North, while identifying magnetite-bearing quartz-vein systems related to regional structures, returned only trace gold values. Looking at market sentiment, the news carries both bullish and bearish elements. On the bullish side, the intersection of gold-bearing quartz veins at Kiabye South, as well as the discovery of additional alluvial gold nuggets at Prospectors Patch, reinforces the company’s potential for finding significant gold lodes. These results, supported by soil anomalies and geophysical data, suggest promising future drill targets and the possibility of high-grade gold mineralisation. Conversely, the results are still at an early exploration stage and the nugget discoveries, which are isolated in nature, may not represent a continuous or extensive mineralisation. Investors should note that the gold values and structural interpretations remain preliminary, and further drilling and systematic sampling are required to fully assess the project's economic potential. Overall, the announcement shows progress at the Kiabye Gold Project, with encouraging drilling intersections and additional gold discoveries that set the stage for future exploration work and refinement of drill targets.