Encounter Resources (ASX:ENR) has begun a 10,000m reverse circulation (RC) drilling program at its wholly owned Aileron Project in the West Arunta region of Western Australia.
The company, which has a market capitalisation of $185.89 million, says the follow-up drill program has been designed to extend the shallow, ‘high-grade’ niobium-rare earth element (REE) mineralisation at the Crean target, test the Hurley and Wil targets and the Endurance Fault position, and drill at the Green target.
Encounter notes the first 2 holes at the Crean target, drilled 1.5km apart, intersected mineralised carbonatites containing niobium and REEs with ‘significant’ neodymium and praseodymium content.
The 10,000m program will follow up on these results.
Commenting on the drill program, Encounter Resources Managing Director Will Robinson says: “An RC drill program of north-south traverses will outline the size of the niobium-REE carbonatite intersected at Crean.
“An RC drill program of north-south traverses will outline the size of the niobium-REE carbonatite intersected at Crean”
The program will also test the large gravity features identified at Hurley and Wild and complete the first drilling at the Green target north of Luni. The initial RC holes are planned to a drill depth of 200m to test the full oxide profile and to test for zones of high-grade mineralisation within the primary carbonatite.”
Encounter Resources is a mineral exploration company primarily focused on discovering major copper and critical mineral deposits in Australia. The company’s wholly owned assets include the Aileron, Sandover, Junction, and Lamil projects, located across Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Encounter Resources
