The company’s 2022 drilling program is off to a good start after demonstrating the substantial scale of the Cummins Range deposit.

Three diamond drill holes completed to date have extended mineralisation at Cummins Range with all holes intersecting “visual mineralisation”.

RareX (ASX:REE) says this is an outstanding result, one which confirms the substantial scale and quality of the Cummins Range REE deposit.

Drill hole CDX0020 has intersected mineralisation 250m down-dip of hole CDX0016 (which intersected a cumulative total of 51m at 2.5% TREO) in the main fault position, while CDX0020 also finished in mineralisation, extending the known mineralisation to at least 500m below surface.

Now, the RC rig is tasked with drilling pre-collars and water monitoring bores for use as part of the hydrological studies feeding into the ongoing technical studies.

Scale of the system is ‘enormous’

REE managing director Jeremy Robinson says the company has made a great start to the 2022 program with drilling exceeding expectations and going a long way to vindicating the exploration target published earlier this year.

“Importantly, we have already demonstrated that the scale of the system at depth is enormous, with the known dip extent of the mineralisation having effectively been doubled to 500m with hole CDX0020,” he said.

“This hole also suggests that there is no depth constraint to the mineralisation, which means that it could continue to grow with deeper drilling.”

What’s next?

Holes CDX0021 and CDX0022 were drilled on 80m step-outs along strike to the northwest and southeast respectively, both testing extensions to mineralisation defined in the 2021 drill program.

While the two holes are still currently being logged and processed, initial indications show variable mineralisation in both holes.

Drilling is continuing with hole CDX0023 currently underway, water bore drilling ongoing and a second diamond drill rig scheduled to arrive on 10 June.

This article was developed in collaboration with RareX, 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.