Hyperion Metals Limited (ASX: HYM) has announced its thickest, highest grade intercepts to date from the first batch of results from phase 3 drilling at its Titan HMS Project in Tennessee, USA.
- Hyperion’s phase 3 drill program is focused on infill drilling at the Titan Project and aims to delineate a maiden mineral resource estimate.
- Select drill intersections received from 38 holes of the phase 3 drill program highlighting intercepts are displayed below.
- The results further highlight the consistent grade and thickness of mineralisation over a ~3.6km strike length, and the potential to rapidly define a large, critical mineral resource at the Titan Project.
- The remaining 40 Phase 3 drill holes and further heavy mineral assemblage samples are currently with SGS for analysis. A maiden mineral resource estimate in accordance with the JORC Code is expected in Q3 2021.
- Hyperion continues to consolidate land and complete exploration drilling in additional areas in Tennessee with the aim to discover further mineralisation in the region.
- HYM’s initial exploration work at the newly secured landholding is well advanced, with a 32-hole drill program and a bulk sample completed in an area that saw significant drilling by companies including DuPont, Kerr McGee, BHP, RGC / Iluka, and Altair International from the 1950s to the 1990s. Exploration results from the new land position are expected to be released in the coming months.
Hyperion’s Titan Project is located in Tennessee, USA, and covers approximately 6,000 acres of titanium, rare earth minerals, high-grade silica sand, and zircon-rich mineral sands properties. These materials are imperative for advanced industries including space, aerospace, electric vehicles, and 3D printing.
Hyperion has signed an MOU to establish a partnership with Energy Fuels (NYSE: UUUU) that aims to build an integrated, all-American rare earths supply chain. Rare earths are highly valued as critical materials for magnet production essential for wind turbines, EVs, consumer electronics, and military applications.
Hyperion noted that additional drilling within the deposits is required to better define lateral extents of mineralisation and to increase geological confidence.
“In the coming months we will rapidly move towards resource delineation and completion of our initial economic studies”
Managing Director of Hyperion Metals, Anastasios (Taso) Arima said: “I am delighted with the initial Phase 3 drill results, being the best to date from the Titan Project in Tennessee, USA. In the coming months we will rapidly move towards resource delineation and completion of our initial economic studies.
This would be the foundation for us to capitalize on this opportunity to become one of the major suppliers of critical minerals in the U.S. for advanced industries which are expected to see massive growth in the coming years from modernization and infrastructure spending in the country.
We are excited about continuing to explore and consolidate the area and we are confident in continuing to find additional areas of mineralization in this this major, untapped U.S. critical mineral province.”
Images: Hyperion Metals Limited