It’s Big: MTM discovers new zones of rare earths and niobium at Canadian Pomme project
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Three drill holes have intersected further significant total rare earth oxide (TREO) mineralisation up to 1.3% during diamond drilling at the Pomme project in Québec.
MTM Critical Metals’ (ASX:MTM) Pomme project in Québec, Canada, features similar geology to the nearby, world-class Montviel deposit owned by Geomega Resources, which boasts a 266Mt resource for 1.45% TREO and 0.14% niobium.
The company believes the project, which is shaping up to be a “very large” +2km2 rare earths-niobium system, contains an “economic resource of some scale”.
Pomme is a carbonatite intrusion, a specified class of rare earth deposits which tend to bring high grades and large tonnes.
A similar example is Lynas Corporation’s (ASX:LYN) Mount Weld deposit, one of the largest of its kind on Earth, with total reserves estimated at 19.5Mt at a grade of 8.5%.
New diamond drill hole assays – completed in previously untested areas – have returned up to 1.3% (or 13,000ppm) TREO, confirming REE and niobium mineralisation over broad intervals.
Drill hole POM-23-06 was intersected to 225m depth with the best intersection uncovering 1.5m at 0.74% TREO and 0.03% niobium from 76m.
The second POM-23-08 drill hole was drilled into the magnetic core of the Pomme carbonatite complex.
The hole intersected a broad zone of mineralisation which extends from 122m to 271m down hole, as well as a number of higher-grade zones, returning a best intersection of 1.5m at 1.31% TREO and 0.06% niobium from 215m.
“These new assays results provide us with further information of the geology and distribution of rare earth and niobium mineralisation within the Pomme carbonatite complex,” MTM managing director Lachlan Reynolds says.
“The assays follow encouraging results previously from the first five holes and we are still eagerly awaiting assays for the remaining five holes from the 13-hole campaign completed at Pomme.
“Our technical team will be putting together a 3-dimensional model of the Pomme carbonatite and evaluating the most prospective part of the target for coherent zones of high-grade mineralisation,” he says.
“These areas will be prioritised for further drilling follow-up.”
This article was developed in collaboration with MTM Critical Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.