Lanthanein Resources says a diamond drilling rig has commenced testing the southern margins of two carbonatite targets – LI01 and LI03 – at its Lyon project area in WA’s Gascoyne region.

It’s a province which is home to rare earth big guns like Hasting Technology Metals (ASX:HAS), Dreadnought Resources (ASX:DRE), Kingfisher Mining (ASX:KFM) and Voltaic Strategic Resources (ASX:VSR).

And it’s the place to look for carbonatites, which 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 company says the drilling will be critical to understanding the mineralisation potential of the modelled carbonatites, to determine width, grade, and continuity at depth and along the modelled outer magnetic rim.

Confident of critical minerals prospectivity

The company is confident of the prospectivity of the tenement, with recent rock sampling at the newly defined REE ironstone at the project returning anomalous TREO up to 4.19% and 0.90% Nb2O5.

“The Lyons rare earths project continues to deliver results with new ironstones being discovered with highly anomalous rare earths and Niobium from surface rock samples, minerals which are critical for new technology development,” Lanthanein Resources (ASX:LNR) Technical Director Brian Thomas said.

“The latest ironstone Y42 Splay target follows a 1800m strike extent of anomalous magnetic and spectral satellite anomaly just 3km south of the proposed Hastings mine.

“I look forward to providing results from our current +10,000m RC drilling program which is testing numerous magnetic ironstone targets, as well as the deep 450m diamond drilling which is testing margins of large tonnage Carbonatite targets partly funded by the WA Government.”

An additional 25 outcropping ironstone targets from high resolution Worldview-3 satellite imagery is planned to be followed-up with surface sampling ahead of drill testing.

 

 

 

This article was developed in collaboration with Lanthanein Resources Limited, 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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