Lanthanein Resources (ASX:LNR) has completed a reverse circulation (RC) drilling program at its Lyons Rare Earths Project in Western Australia.
The program targeted ‘high-grade’ rare earth mineralisation that was previously uncovered at the outcropping ironstones and additional interpreted carbonatite intrusives and ironstones undercover at Lyons.
Lanthanein says all up, it drilled 94 holes for 9,635m across ironstone targets generated by airborne geophysical magnetics and radiometrics imagery.
The company reports that as part of the drilling work, 2 deep holes co-funded by the WA Government’s Exploration Incentive Scheme (EIS) were drilled to test the outer magnetic rim of 2 of the ‘larger’ carbonatite intrusive targets, including LI-03, at 3km in diameter, and LI-04,at 4km in diameter.
Commenting on the completion of the program, Lanathanein Resources Technical Director Brian Thomas says: “The finalisation of drilling on new outcropping ironstone trends is a very exciting time for Lanthanein.
“Assays from this program could provide a breakthrough discovery that could potentially transform the company”
The drilling of these near discoveries is the result of the geological team’s growing understanding of the rare earth mineralisation controls within the Gifford Creek Carbonatite complex. Assays from this program could provide a breakthrough discovery that could potentially transform the company.
We look forward to moving to a Mineral Resource Estimate on the high-grade outcropping ironstones at Lyons 12 and 13, which are approximately 2km from Hastings Technology Metals (ASX:HAS) Frasers and Simons Find pits, and updating the market with results as drilling progresses.”
Lanthanein Resources is an emerging rare earth explorer focused on the discovery of critical minerals and rare earth elements in the tier-one mining jurisdictions of Western Australia and South Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Lanthanein Resources Ltd