Lanthanein flags new ironstone trends with potential to host REEs at Lyons
Recent rock chip sampling has identified more outcropping ironstones that could host REE mineralisation at Lanthanein Resources’ Lyons Rare Earths project in WA.
These new rock chip samples will be sent to ALS Laboratories for priority analysis, with results expected in May ahead of an extensive RC drill program consisting of >10,000m set to commence shortly.
Carbonatites are becoming increasingly important due to the potential to host economic quantities of Th, U, Nb, P, Y and rare earth elements, which are strategically important for modern technology.
The planned drilling program will target large scale carbonatite intrusive targets and high‐grade ironstones as previously discovered at Lyons 11, 12, 13 and 27.
Lanthanein Resources (ASX:LNR) is confident the potential remains for further discoveries of ironstones and carbonatites within its tenure where no historical REE exploration has occurred.
LNR technical director Brian Thomas said the identification of new outcropping ironstone trends is “extremely positive.”
“The new discoveries are especially pleasing as they are the result of the geological team’s growing understanding of the rare earth mineralisation controls within the Gifford Creek Carbonatite complex,” he said.
“The upcoming field programs are extremely exciting as we position ourselves to make a breakthrough discovery that could potentially transform the company.
“We look forward to building on the discoveries made to date with the high grade outcropping ironstones at Lyons 12, 13 & 27 which are ~2km from Hastings Technology Metals (ASX:HAS) Frasers and Simons Find pits and updating the market with results as drilling progresses.”
The company received approval for $200,000 in co‐funding from the Department of Mines Industry Regulation and Safety (DMIRS) in Round 26 of the Exploration Incentive Scheme (EIS) to investigate potential for large tonnage REE carbonatites similar to Lynas (ASX:LYC) Mount Weld deposit in Western Australia.
Further rock chip sampling, high resolution satellite spectral interpretation and drilling programs are planned to investigate additional targets not yet followed up, including thorium and magnetic anomalies throughout the Lyons Project and the high priority structural target along the major Bald Hill lineament which transects both the Edmund and Lyons Project Areas.
Notably, the Bald Hill lineament is the major control on rare earth mineralisation at Hastings Technology Metals Yangibana mine and represents a very high priority target for Lanthanein.
This article was developed in collaboration with Lanthanein Resources, 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.