Assays from another 57 aircore holes have been received and include several high-grade, thick rare earth intersections at the newly discovered Western Zone of the Cowalinya project.

The drilled extent of the sizeable Western Zone measures roughly five by three kilometres with mineralisation remaining open to the north and northwest.

In total, around 159 mineralised intersections have been drilled here, covering about 13km and confirming the potential to host a material increase in rare earth resources.

Heavy Rare Earths (ASX:HRE) says these results, including a standout intersection of up to 4839ppm TREO, will add to previously announced results such as 19m at 3190ppm TREO once the company begins the process of upgrading the current Inferred Resource.

Other new intersections include 26m at 1201ppm TREO (22.5% magnet REOs) from 19m, including 8m 3507ppm TREO from 27m and 14m at 1164ppm TREO (31.6% magnet REOs) from 16m, including 2m at 4839ppm TREO from 16m.

What’s next?

Assays are still pending from 36 holes which will complete assay coverage of the southeastern part of HRE’s E63/1972 tenement.

This includes 14 holes immediately west of the Cowalinya North deposit.

When all assays have been received, the process to update the project’s resource inventory will begin.

 

 

 

This article was developed in collaboration with Heavy Rare Earths, 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.

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