A field program undertaken in August has returned rock chip results of up 12.45% TREO with 14 of 20 samples returning assays greater than 1% TREO.

PVW Resources Limited has pinpointed high-grade rare earth rock chip results from the Killi Killi East and Watts Rise prospects at the Tanami REE/Gold Project in Western Australia.

While results are still pending for the soil sampling program, PVW Resources (ASX:PVW) has now received assays for the 20 rock chip samples, 17 of which were from Killi Killi East and three from Watts Rise.

Rock chip results of up to 12.45% TREO with 14 or 20 samples returning assays greater than 1% TREO and heavy rare earths comprising on average 80% TREO including:

  • 12.45% TREO, including 11,592ppm dysprosium;
  • 9.26% TREO, including 7.070ppm dysprosium;
  • 7.38% TREO, including 6,324ppm dysprosium; and
  • 3.90% TREO, including 2,743ppm dysprosium.

Positioned to drive exploration forward

“We now know so much more about this style of mineralisation and what we have uncovered to date at Killi Killi indicates there is significant potential within the Killi Killi Corridor, which is over 2km long, and the regional target of over 18km along the Killi Killi East/Watts Rise trend,” executive director George Bauk said.

With the knowledge gained over the past decade, Bauk said PVW Resources “is in a position to drive an aggressive exploration program to determine the potential of this project.”

“We will be undertaking the key steps to understand the mineralogy so that we can get a line of sight on the metallurgy, and we will also undertake a metallurgical test on a bulk sample to be collected during October,” he said.

“We need to understand both the REE mineralisation and the whole of rock mineral distribution to provide an insight into a potential flow sheet.”

An exploration field program is about to recommence with geochemical surface sampling and ground radiometrics at Killi Killi East and follow-up drilling planned at Watts Rise and Killi Killi East targeting REE and Au mineralisation.

Upcoming strategy session

Bauk said in parallel to the exploration and initial metallurgical work streams there will be a strategy session held with the PVW board and key advisors to determine the most efficient way to take this project forward.

“We will be identifying strategic partners to host initial discussions aimed at fast tracking this project.”

 

 

 

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This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.