Rare earths discovered at Meeka Gold’s Circle Valley opens new windows of opportunity
Link copied to
Laboratory analysis of air core drill samples collected during the 2021 field season have returned broad zones of rare earth element mineralisation at Circle Valley in Western Australia.
The samples were previously assayed for gold in 2021 before undergoing handheld XRF for multielement analysis, which indicated the potential for elevated levels of rare earth elements.
Meeka (ASX:MEK) says the results, which in addition to rare earths were analysed for scandium with a maximum scandium grade of 63ppm, show very low levels of radionuclides, uranium (average 4ppm) and thorium (average 17ppm).
13 of the 14 holes returned grades above 300ppm TREO including 12m at 1,003ppm TREO within 30m at 672ppm TREO from 28m, 4m at 1,177ppm TREO within 5m at 1,040ppmm TREO from 36m and 4m at 1,040ppm TREO within 10m at 665ppm TREO with 36m.
Meeka CEO Tim Davidson said gold continues to be the focus at Circle Valley.
“Based on the work we have done to date we have a view that there is a large gold system driving the anomalism we are seeing in the drilling results.
“Having said that, the geology team identified some interesting, rare-earth elements in the handheld XRF data, which we have now confirmed through laboratory analysis to be broad zones of mineralisation.
“We are in the process of reviewing the regolith profiles logged during the current air core program and will send prospective samples to the laboratory for REE analysis to better determine the distribution of REE mineralisation within the tenure.”
This article was developed in collaboration with Meeka Gold, 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.