Diversified mineral exploration and development company Cazaly Resources (ASX:CAZ) has discovered a ‘major’ regional rare earth element (REE) trend following field and target generation work at its Ashburton Project in Western Australia.
The company says the 50km long thorium (Th) trend was identified across the southern portion of the tenements adjacent to the Blair Fault, which represents a deep-seated regional scale structure at the contact between the Ashburton Formation and the Capricorn Group.
Cazaly adds additional ‘strongly anomalous’ radiometric trends were also identified parallel to stratigraphy within the project, and correspond with historic anomalous REE results.
First pass reconnaissance field work, and a helicopter supported rock chip sampling campaign conducted to investigate these trends have been completed by the company with assays pending.
The company also notes the helicopter supported rock chip sampling program was conducted to follow-up on previous work conducted by Fortescue Metals Group (ASX:FMG), a leader in the iron ore industry, which returned ‘enriched’ REE samples grading 2,840ppm cerium (Ce), 1,370ppm lanthanum (La) and, 1,650ppm phosphorus (P).
Speaking on the exploration at Ashburton, Cazaly Resources Managing Director Tara French says: “Long mineralised trends are characteristics of the Ashburton, it’s a massive project area with ‘significant’ mineralisation potential, and we are very pleased to have the opportunity to potentially add REE to the prospectivity list at the project.
“we are very pleased to have the opportunity to potentially add REE to the prospectivity list at the project”
Now we look forward to receiving the assays to determine the REE content along the 50km thorium trend, and the copper and gold mineralisation on the Cheela Plains tenement.”
Meanwhile, the company reports 3 of the samples collected were to assess a preliminary Transient Electromagnetic (TEM) anomaly situated along the Nanjilgardy Fault on tenement E03/3272, known as the Cheela Plains.
In addition, it is reported samples taken from the Cheela Plains tenement have been sent to the laboratory for analysis, however visual estimates indicate the presence of up to 3-5% copper sulphide mineralisation.
All further assays generated from the rock chip sampling, and the first pass reconnaissance field work are pending.
Cazaly Resources is a Perth-based mineral exploration and resource development company with a diverse portfolio of mineral projects in Australia and Namibia. The company’s Ashburton project is located in Western Australia’s Pilbara region and covers a total land area of 2,450km-square, which hosts ‘major’ regional structures considered to be prospective for large mineralised systems. Cazaly currently owns a 100% interest in all associated tenements.
Other projects included in the company’s arsenal include the Halls Creek Copper, Yabby Gold, and McKenzie Springs Nickel-Graphite Projects in Western Australia, as well as the Kaoko and Abenab North Projects in Namibia.
Images: Cazaly Resources Limited
