[ad_1]
Marmota’s latest headline drill intercepts from 4m composites were 2104ppm TREO from 8m with 37 per cent MREO, 1761ppm TREO from 20m downhole with 36 per cent MREO, 1508ppm TREO from 20m with 33 per cent MREO, 1219ppm TREO from 16m with 27 per cent MREO and 1029ppm TREO from 12m with 28 per cent MREO.
Notably, the average depth of drilling was only about 27m and the company reported significant intercepts from as shallow as 8m.
Many companies with new projects seem to be finding that sizing beneficiation and non-aggressive hydrochloric acid leaches seem to be working well. And on top of all that, as with every project, grade is king.
Marmota’s tenure includes large areas of prospective Archaean basement geology overlain with weathering clays that could host rare earths accumulation and it could well find itself sitting on a new province.
While its latest results are from reconnaissance level drilling on an open-grid pattern, it has been remarkably successful in its first pass and has highlighted an extensive area that can be transitioned to immediate infill drilling programs, with a reasonable expectation for an early preliminary resource estimate.
So, it appears the company could soon be adding rare earths to its quiver of gold and uranium arrows if it can make its Manna From Heaven target live up to its name.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
[ad_2]
Source link
