Mt Monger Resources (ASX:MTM) has received assay results from its recent reconnaissance aircore drilling campaign at the Pt Kidman prospect, part of the East Laverton Project located in Western Australia.
The company reports that drilling has intersected significant widths and grades of rare earth element (REE) mineralisation in all areas that were tested.
Commenting on the results, Managing Director Lachlan Reynolds stated: “These assays confirm the presence of shallow, rare earth element mineralisation across three broad areas of the Pt Kidman prospect.
“These assays confirm the presence of shallow, rare earth element mineralisation across three broad areas of the Pt Kidman prospect”
The mineralised saprolitic clay horizon shows continuity over a significant area and only a small fraction of the overall target area has been tested. Elsewhere, surface samples and historical drilling results indicate that there is substantial additional potential for zones of clay-hosted rare earth mineralisation.
Planning and permitting is currently underway to undertake further drilling. These results suggest that the Pt Kidman prospect is an exciting opportunity that could evolve into a new critical minerals deposit of importance.”
A total of 48 aircore (AC) drill holes were completed, for a total of 1,084 metres of drilling was completed at the Pt Kidman prospect to test the known REE mineralisation in the area.
Multi-element assay results including a full REE suite have been received for 3m composite samples routinely collected from all the drillholes.
Mt Monger reports that the Pt Kidman area represents a potentially large-scale, rare earth element project at East Laverton.
The current drilling program has only tested a small part of the prospective terrane but has shown significant continuity and grade within the mineralised zone within the regolith.
Primary 1m interval samples collected during the drilling program are currently being submitted for re-assay in order to confirm and refine the higher-grade intersections.
Additional drilling in the Pt Kidman area is currently being permitted and the company is in the process of obtaining heritage clearance from the traditional owners.
