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 Parts (REE) Goal, a part of the Brothers Challenge, together with greater than 7,000 components per million (ppm) whole uncommon earth oxides (TREO).

The corporate says this system’s findings have surpassed preliminary expectations, significantly when it comes to TREO concentrations.

REE in all holes

The drilling program was in depth, overlaying 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 important grade and scale.

This system revealed constant widths of 20-30 metres with REE mineralisation grading larger 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 mission’s sturdy potential.

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

This can be a essential issue, given the excessive demand for these supplies in numerous technological functions.

Environmentally sound

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

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 predicted to be accomplished inside a two-to-three-week timeframe.

Enterprise managing director Andrew Radonjic mentioned: “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 out to be an distinctive uncommon earths mission.

“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 may be highway, energy and port infrastructure adjoining to the mission. 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 might 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 contains slimline RC drilling for exact useful resource definition, complete mineralogical and metallurgical take a look at work, and additional exploration of the big alkaline intrusion beneath the clay-hosted REE mineralisation.

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


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