Dalaroo Metals (ASX:DAL) reports that it has received ‘highly encouraging’ anomalous results following an inaugural rock chip sampling program at its 100% owned Lyons River Project in WA’s Gascoyne Province.
The Western Australian base metal exploration company reports that total rare earth oxide (TREO) values of up to 1536ppm (0.15%) have been returned from the sampling program and have defined the rare earth element (REE) potential at Lyons River.
The inaugural rock chip sampling program comprised a total of 45 samples and represents the first ever surface sampling conducted at the project tenement, with sampling focussing on hosted ironstone and radiometric targets.
Follow up systematic and detailed rock chip sampling is now underway in areas of rare earth element (REE) anomalism.
Commenting on the results, Dalaroo Metals Managing Director, Harjinder Kehal, said: “The Gascoyne is a hotspot for rare earths and we are delighted to get such encouraging results from our first ever surface sampling.
“The gascoyne is a hotspot for rare earths and we are delighted to get such encouraging results from our first ever surface sampling”
With expected high forecast demand for rare earths, we look forward to following up with further exploration. Mineral 260’s investment in the region adds significant value to our existing holdings and is a clear demonstration of the confidence in the prospectivity of the region for rare earths.”
Dalaroo also reports that these initial results highlight ‘significant’ potential for REE targets to be delineated and are supported by other exploration companies in the region.
The company notes that the interest in this emerging REE district was also highlighted by Minerals 260 (ASX:M16), who have recently announced that it will be acquiring the large Ti Tree rare earths-nickel-copper-lithium project, located adjacent to the Lyons River Project.
In addition, Kingfisher Mining (ASX:KFM) reported TREO grades of up to 0.16% and recently announced additional exceptional REE results which has extended strike length to 3km at its Mick Well Project, situated immediately south of the Lyons River tenements.
Results taken from Hastings Technology Metal’s (ASX:HAS) and Dreadnought Resources’ (ASX:DRE) REE tenements, situated about 50km from Lyons River, also confirmed a ‘high-grade’ REE discovery at the Yin, as well as outline a 3km plus Sabre area that extends for over 1km.
A new assessment of Dalaroo’s existing detailed airborne magnetics/radiometric dataset has defined thorium highs that are coincident with magnetic lows situated adjacent to major structures, a reading that is considered prospective by other REE explorers in the Gascoyne region.
The Lyons River Project is located about 1,100km north of the Western Australian capital city of Perth and 220km east of the coastal town of Carnarvon within the Mutherbukin Zone of the prospective Gascoyne Province. The project comprises a total land holding of 703km-square, with all associated tenements being 100% owned by Dalaroo Metals.
With results from the inaugural rock chip sampling program now returned, Dalaroo announces that it is preparing for its September 2022 Quarterly and Cashflow Report, scheduled to take place this month.
Images: Dalaroo Metals Ltd
