Cazaly Resources gears up for field reconnaissance at Carb Lake REE Project, Canada

Diversified explorer Cazaly Resources (ASX:CAZ) is planning a fresh field reconnaissance trip to its newly acquired Carb Lake Rare Earth Element (REE) Project in Canada later this year. 

The company says the planned field program will encompass geological mapping to determine any areas of float or outcrop, as well as prospecting to collect any rockchip samples where float and outcrop are observed. 

Cazaly’s in-country team will mobilise a 4-man crew and establish an onsite field camp to facilitate the program. The reconnaissance trip is scheduled to be conducted around September and October 2023, subject to access approvals. 

This announcement comes after the company reported the results of a portable X-ray fluorescence (pXRF) program completed on historical core samples, which confirmed anomalous levels of lanthanum, cerium, neodymium, praseodymium, and niobium. 

Cazaly reports these results validate the Carb Lake Project’s potential for economic REEs and niobium mineralisation, which reinforces its confidence in the future prospects of the project. 

The company says the best pXRF results include 0.6% Nb, 3.36% La, 4.34% Ce, 0.42% Pr, and 1.49% Nd. 

Meanwhile, the company has sourced and purchased aeromagnetic survey data from the project area compiled in 2011, with the delivery of the digital data pending. Cazaly says this will help expand its understanding of the subsurface geology in the area and aid in identifying potential future exploration targets. 

This comes hand-in-hand with detailed high-resolution satellite imagery data also recently acquired by Cazaly.

The Carb Lake REE Project is located in the Red Lake District of Ontario, Canada. The project comprises 93 mineral claims covering a ‘large’ carbonatite prospective for REEs. 

Cazaly Resources is an ASX-listed resources company with a diversified portfolio of mineral projects across  Australia, Namibia, and Canada.

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Images: Cazaly Resources Ltd
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.