Lanthanein lands government funding support for REE drilling

Lanthanein has secured up to $200,000 worth of co-funded drilling support from the WA state government to test its new model for large tonnage intrusive REE mineralised carbonatites.

The Exploration Incentive Scheme funding will be use to pay for half the cost of drilling two holes to test the outer magnetic rim of two of the larger carbonatite intrusives at Lyons with similar size and geophysical characteristics to the Mount Weld rare earth element carbonatite.

Lanthanein Resources (ASX:LNR) noted that carbonatites are becoming increasingly important due to their potential to host economic quantities of REEs.

Drilling will help the company understand the mineralisation potential of the modelled carbonatites and determine their width, grade and continuity both at depth and along the modelled outer magnetic rim.

It recently started reverse circulation drilling to follow up high-grade REE rock chip results at outcropping ironstones within the Lyons 11, 12, 13 and 27 prospects which appear to bear strong similarities to Hastings’ Yangibana, as well as Dreadnought Resources’ Yin and Sabre discoveries, just 2.5km and 32km away from Lyons respectively.

Drill plans

The company plans to drill the deep holes to a depth of 450m using a diamond and RC drilling to provide accurate depths of the geophysical targets.

Drill core logging will improve its understanding regarding potential overprinting relationships between any alteration and host rock mineralogy, particularly regarding timing of fenitic alteration, which is often found to be associated with the outer rim of these intrusive bodies.

Independent consultant Franco Pirajno – an expert on carbonatites intrusives – had reviewed the geophysical modelling, rock sampling results and proposed drill site, and will also evaluate results from the co-funded drilling.

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This article was developed in collaboration with Lanthanein Resources (ASX:LNR), 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.