RareX has welcomed recent assay results from project partner Kincora Copper (ASX:KCC) at the Trundle and Fairholme projects in NSW.

At Trundle, re-assays of a high-grade zone in hole TRDD032 (which originally retuned 12.6g/t gold and 2.32% copper) returned 2m at 19.9g/t gold and 2.43% copper within a broader zone containing 34m at 1.45g/t gold and 25% copper.

At Fairholme, an aircore program has converted two anomalies into ‘highly prospective’ targets and extended the mineralised system strike at the Gateway target to >1.6km, fully open to the south.

Notably, drilling at Gateway returned anomalous gold and copper results in all nice holes – including grades of up to 3.35g/t gold.

Follow-up drilling at Fairholme

RareX (ASX:REE) notes that the results include some of the highest gold grade air-core results to date at the project (at Gateway), attractive broad end of hole copper at Driftway C and good grades also at Anomaly 2, with these targets all open on strike and porphyry potential at depth untested.

KCC now plans to continue advancing these high priority targets with the next stages of drilling at both projects.

Fairholme hosts several large mineralised systems across a 16km strike located adjacent and on strike from Evolution Mining’s (ASX:EVN) Cowal mine.

Drilling ongoing at Cummins Range

Meanwhile, RareX’s drill program at its Cummins Range rare earths deposit in Western Australia’s Kimberley region has demonstrated the scale potential of the project.

The 10 diamond holes drilled to date to depths of 600m support the company’s geological interpretation that regolith mineralisation extends to greater depths.

Data from these holes will be combined with an historical database to create a geological model, however this is constrained currently by drilling in the north-western portion of the 2km diameter pyroxenite carbonatite pipe, half of which remains largely untested.

The company is confident of the growth potential of the project and plans to test this with drilling more of the pipe and testing the depth potential of the undrilled portion.




This article was developed in collaboration with RareX Limited, 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.