Metal Hawk (ASX:MHK) has intersected additional zones of rare earth element (REE) saprolite enrichment at its Fraser South Project in Western Australia following a second phase aircore drilling program.
The $15.75 million market capitalisation company says the results from wide-spaced drilling at Bozwood north extend the trend of total rare earth oxide (TREO) mineralisation to over 8km along the REE-bearing Booanya Granite.
Some of the ‘best’ results include hole FSAC040 with 22m @ 1,193 parts per million (ppm) TREO from 20m, including 10m @ 1,916ppm TREO from 32m; and hole FSAC049 with 14m @ 1,604ppm TREO from 16m.
Metal Hawk Managing Director Will Belbin says phase two drilling has delivered more ‘thick high-grade’ REE intercepts than its initial campaign conducted earlier this year.
“As our efforts are now focused on the maiden lithium drill program at the Yarmany Project which has just commenced, we will revisit plans for further exploration at Fraser South in 2024“
“As our efforts are now focused on the maiden lithium drill program at the Yarmany Project which has just commenced, we will revisit plans for further exploration at Fraser South in 2024.”
The company has interests in 2 ‘large’ projects covering 980km-square in the Albany-Fraser Orogen, namely the Viking Gold Project and the Fraser South Project which lies 80km south of the Nova-Bollinger mine.
Metal Hawk is a Western Australian mineral explorer focused on early stage discovery of critical metals. As of 30 September 2023, the company had $1.1 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Metal Hawk