New mineralised REE zones show MTM’s Pomme project is larger than originally thought
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More diamond drill holes have intersected new zones of REE mineralisation at MTM’s Pomme project in Canada, confirming mineralisation extends more than 1km to the north of historical drill holes.
MTM Critical Metals (ASX:MTM) believes its understanding of the geology and the distribution of REE mineralisation within the Pomme carbonatite complex is finally starting to take shape after re-commencing the drilling program in mid-July.
The team on site at Pomme have reported visible mineralisation in a further two diamond holes completed for 744m of drilling.
Hole POM-23-02 in the west of the carbonatite complex appears to be dominated by magnetic silicocarbonatite rocks and is less well mineralised, however, Hole POM-23-04 has intersected significant zones of visual REE mineralisation in an entirely new part of the carbonatite complex which has not previously been tested.
The rig has now mobilised to a new pad and has commenced drilling the next hole (POM-23-04) which is already at 281 metres depth.
“The work to-date has confirmed that mineralisation extends more than one kilometre to the north of the historical drill holes, indicating that it is a very big system,” MTM managing director Lachlan Reynolds says.
“We are excited to be now testing new areas of the carbonatite complex in an effort to discover higher-grade mineralisation that could be a new REE resource.”
Drilling is continuing at Pomme and the drill rig is at 281 metres depth on hole POM-23-04, located approximately 500 metres to the north of POM-23-02.
This hole is expected to be completed in coming days at a depth of approximately 500m downhole.
The rig will subsequently move to test along a traverse through the central part of the Pomme carbonatite complex.
Sampling of the drill core from POM-23-01 has also been completed and all samples submitted for assay.
Results from the upper part of this drill hole, completed before operations were interrupted, are expected to be available in the next week.
A total of approximately 5,000 metres of drilling is planned as a first-pass test of the Pomme carbonatite complex and the REE-Nb mineralisation.
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.