Venture Minerals fields strong rare earth results at new Jupiter target; more than 7,000ppm TREO

Enterprise Minerals Restricted (ASX:VMS, OTC:VTMLF) has unveiled outcomes described as “phenomenal” from its inaugural reverse circulation (RC) drilling program on the Jupiter Uncommon Earth Components (REE) Goal, a part of the Brothers Venture, together with greater than 7,000 components per million (ppm) complete uncommon earth oxides (TREO).

The corporate says this system’s findings have surpassed preliminary expectations, significantly by way of TREO concentrations.

REE in all holes

The drilling program was in depth, masking a 40 sq. kilometre space. It efficiently recognized clay-hosted REE mineralisation in all of its 25 drilled holes, affirming the goal’s potential for vital grade and scale.

This system revealed constant widths of 20-30 metres with REE mineralisation grading higher than 2,000 ppm TREO.

This mineralisation was discovered inside broader zones measuring as much as 64 metres and grading greater than 1,000 ppm TREO, underscoring the venture’s sturdy potential.

Significantly encouraging was the excessive magnet uncommon earth oxides (MREO) content material, averaging 23% over intersections with greater than 1,000 ppm TREO.

It is a essential issue, given the excessive demand for these supplies in numerous technological purposes.

Environmentally sound

Additionally on the upside, the assays confirmed extraordinarily low ranges of thorium and uranium, making the mineralisation extra environmentally and commercially engaging.

Enterprise Minerals has now kicked off a useful resource definition drill program on the Jupiter goal. This formidable program includes some 5,000 metres of drilling and is anticipated to be accomplished inside a two-to-three-week timeframe.

Enterprise managing director Andrew Radonjic stated: “RC drilling at our precedence, large-scale Jupiter uncommon earths goal has delivered even higher grades and widths of clay-hosted mineralisation than our reconnaissance aircore program.

“These phenomenal outcomes improve Enterprise’s perception that the Jupiter goal has the potential to turn into an distinctive uncommon earths venture.

“The size and high quality of this chance together with its proximity to infrastructure and processing crops makes it a standout amongst its friends.

“There’s street, energy and port infrastructure adjoining to the venture. It’s located between Lynas’ current plant and Iluka’s deliberate uncommon earth processing amenities.”

“Jupiter’s speedy worth proposition to shareholders lies in shortly delivering an economical maiden useful resource of high-grade, essential REE minerals which can be in demand in a strategically safe location like Western Australia.”

Trying forward, Enterprise Minerals plans to proceed its exploration efforts on the Jupiter goal.

The corporate’s roadmap consists of slimline RC drilling for exact useful resource definition, complete mineralogical and metallurgical check work, and additional exploration of the big alkaline intrusion beneath the clay-hosted REE mineralisation.

This exploration goals to uncover high-grade main REE mineralisation, shifting the venture nearer to delivering a maiden clay-hosted REE useful resource within the coming months.

admin

Leave a Reply

Your email address will not be published. Required fields are marked *