Lanthanein wraps up surveys ahead of massive 10km rare earths drilling program
Link copied to
Lanthanein Resources has completed heritage and flora surveys at its Lyons rare earths project ahead of an extensive 10,000m RC drilling program next month.
The program will target large scale carbonatite targets and high-grade ironstones, with carbonatites becoming increasingly important due to the potential to host economic quantities of Th, U, Nb, P, Y and rare earth elements.
The company will also drill two diamond holes into deeper carbonate targets, jointly funded under Department of Mines Industry Regulation and Safety (DMIRS) EIS scheme, to investigate potential for large tonnage REE carbonatites similar to Lynas Corporation’s (ASX:LYC) Mount Weld deposit in Western Australia.
“Final preparations for upcoming drilling and field programs are now complete with the heritage avoidance surveys allowing the company to prepare for the arrival of the drill rigs to make the larger breakthrough discovery that could potentially transform the company,” Lanthanein (ASX:LNR) technical director Brian Thomas said.
“Additional drilling of the existing discoveries at Lyons 12, 13 & 27 which are ~2km from Hastings Technology Metals’ (ASX:HAS) Frasers and Simons Find pits will allow the progress to a potential resource estimation.
“Drilling the multiple new ironstone trends under shallow cover only recently identified from our review of geophysics will add significantly to the exploration and resource potential.
“We also plan to diamond drill test the magnetic rims of two of the large‐scale carbonatites.”
The geological and geophysical team are now mobilising to site for rock chip sampling and ground magnetics on new recently defined ironstone targets.
A field camp has been established, which Thomas said will allow the company to run and more sustainably support the plus 10,000m RC drill program over the coming months.
“We look forward to building on the discoveries made to date with the high‐grade outcropping ironstones at Lyons 12, 13 & 27 and updating the market with results as drilling progresses,” he said.
The company is also planning further rock chip sampling, ground magnetics, high resolution satellite spectral interpretation and drilling programs 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.
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.