MTM returning to REE-niobium drilling at Pomme

MTM is poised to resume diamond drilling at its Pomme rare earths and niobium project in Quebec that was suspended due to forest fires in the project area.

The company is understandably keen to get back to drilling given that the first hole, POM-23-01, had intersected more than 500m of continuous mineralisation about 100m north of a historical hole that also struck more than 500m of REE and niobium mineralisation.

Not a bad result at all for a first pass program designed to test the carbonatite complex and known historical REE-Nb mineralisation.

Besides restarting the 5,000m drill program, MTM Critical Metals (ASX:MTM) will also complete the logging and sampling of POM-23-01 though assays for the first batch of samples expected around July 30.

Visible REE mineralisation

The company had previously noted that visible REE mineralisation was observed in all rock types, in varying abundance, over the full length of carbonatite intersected in hole POM-23-01 to the end of hole.

This mineralisation has a very distinct red colour and is easily distinguished in the drill core and has been tentatively identified as the fluoro-carbonate minerals cebaite and/or bastnaesite.

Monazite, a brownish phosphate REE mineral, also occurs frequently in the first hole while apatite enriched in REE was locally logged within specific carbonatite layers.

Pomme is a known carbonatite intrusion with exceptional results from limited historical drilling, showing REE and niobium enrichment.

It is adjacent to Geomega Resources’ world-class Montviel REE-niobium deposit, which has Indicated and Inferred Resources of 266Mt at 1.45% total rare earth oxides and 0.14% niobium oxide.

This article was developed in collaboration with MTM Critical Metals, 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.