Lanthanein is starting an aggressive drill program to make the breakthrough rare earths discovery at its Lyons project where maiden drilling has already uncovered economic REE mineralisation.

The 10,000m reverse circulation drill program will kick off in early April and target large-scale carbonatite targets and high-grade ironstones while another two diamond holes will be drilled under the Western Australian government’s Exploration Incentive Scheme to test deeper Carbonatite targets.

Prior to the drilling, Lanthanein Resources (ASX:LNR) will mobilise its geological team to site in early March for field reconnaissance and rock chip sampling on new recently defined ironstone targets.

Heritage avoidance surveys will also begin in mid-March to allow for further drill ready areas.

“The upcoming field programs are extremely exciting as we position ourselves to make a breakthrough discovery that could potentially transform the company,” technical director Brian Thomas said.

“Not only do we have some large-scale carbonatites to test but multiple new ironstone trends under shallow cover which we have only recently identified from our review of geophysics.

“We look forward to building on the discoveries made to date with the high-grade outcropping ironstones at Lyons 12, 13 and 27, which are ~2km from Hastings Technology Metals Frasers and Simons Find pits and updating the market with results as drilling progresses.”

Economic REE mineralisation

Maiden drilling at Lyons had intersected economic mineralisation from outcrop extending over 1km of strike with standout intercepts such as 5m at 0.69% total rare earth oxides (TREO) from 20m and 3m at 0.82% TREO.

Notably, valuable the magnet REEs neodymium and praseodymium make up to 55% of the TREO content at Lyon, more than three times the world average

This mineralisation remains open at depth and along strike, meaning that further exploration is required to find its limits.

Lanthanein upcoming exploration will 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.

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 the company.

 

 

 

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.

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