Victory extensional drilling sees signs of rare earths

Victory Goldfields has received early signs that the ongoing drill program at its North Stanmore project in Western Australia has intersected rare earth elements.

While in no way a replacement for laboratory analysis, portable XRF analysis of the aircore holes drilled to date have returned positive REE vectors such as lanthanum, cerium, niobium and yttrium about 7.75km northeast from the initial discovery.

Victory Goldfields (ASX:1VG) is confident with the previous agreement between pXRF data from previous drilling compared to assays by fusion ICPMS.

Previously reported ionic clay discovery intersections at North Stanmore are thick, high grade and confirm continuity of mineralisation both down-hole and between holes. Mineralisation remains open in all directions.

Drilling is continuing with just over 1,583m of drilling completed out of the planned 10,000m extensional program.

A three-hole diamond drilling program is also underway while further laboratory results from its previous 118 hole aircore program are expected soon.

The diamond drilling targets an alkaline intrusion just 1km from the original discovery which could be the “engine room” for REEs and other critical metals.

This article was developed in collaboration with Victory Goldfields, 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.