Roadside drilling at Lanthanein’s Murraydium REE project kicks off
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A program of reconnaissance roadside air core drilling has recommenced in the Bordertown Block of EL6717 in South Australia at Lanthanein’s Murraydium rare earths project.
Following the highly encouraging XRF results in the first phase of the roadside program, Lanthanein Resources (ASX:LNR) says it is looking forward to getting the results from this next phase of drilling.
The Murraydium project is in the south-eastern region of South Australia within EL6717, which includes four tenement blocks with a total area of 872km2 within the Murray Basin.
This project area forms part of an extensive Tertiary strand plain comprising a series of standstone-dominant fluvial and beach-dune strand complexes.
Previous work completed in the region by Australian Rare Earths (ASX:AR3) has outlined an extensive mineralised system where shallow near-surface exploration has the potential to delineate significant JORC resources of sand hosted rare earth elements (REEs).
The region is seeing continued activity in the exploration for ionic hosted REE minerals after AR3’s success at the Koppamurra project, host to a total mineral resource of 101Mt at 818ppm TREO, plus other successes with Resources Base (ASX:RBX) following the announcement of a maiden mineral Inferred resource estimate at the Mitre Hill deposit.
LNR says this next phase of drilling will be targeting the same shallow Loxton Parilla sands intersected in the first phase of drilling that returned XRF results of >1,000ppm combined Nd and Pr.
This article was developed in collaboration with Lanthanein Resources, 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.