Gold Mountain Limited announced exploration program on the Salinas II tenements in early March. The Salinas II project was prioritised as the tenements are located in a highly prospective area known to host high grade LCT (Lithium Cesium Tantalum) pegmatites. The Salinas II tenements are held under a joint venture agreement between Gold Mountain Ltd. (75%) and Mars Mines Ltd. (25%).

The Salinas II tenements comprise a western group of tenements located close to the town of Salinas and Água Boa, and one tenement located south of the town of Pedra Grande. The western group of tenements cover areas where subsurface extensions to the Água Boa granitic batholith, have intruded into schists greywackes and arkose sediments of the Ribeirão da Folha formation and greywackes, meta-arenites, meta-conglomerates and schist of the Salinas Formation. Pegmatites are known to emanate out from the Água Boa granite and have been intruded into the adjacent country rock formations.

The Água Boa batholith comprises a series of different suites of intrusives one of which is the G4 intrusive.