MTM Critical Metals (ASX:MTM) has begun a maiden diamond drilling at the Pomme Project in Quebec, Canada.
MTM notes the works program is on-schedule and is designed to evaluate the overall geology of the Pomme carbonatite intrusion, as well as define the geometry, grade, and continuity of the rare earths (REE) and niobium mineralisation.
The company reports drilling comprises 10 diamond holes for 5,000m and has been designed to further extend and delineate mineralisation identified by 2 historical drillholes completed on the Pomme carbonatite intrusion over the coming months.
Results from previous drilling include hole MVX-12-01 with 508.3m @ 0.43% total rare earth oxides (TREO), 413ppm Nb2O5, and 1.48% phosphorus pentoxide (P2O5) from 73.3m.
Drilling has started following the discovery of new laterite nickel mineralisation within the Seahorse prospect within part of its East Laverton Project in the north Eastern Goldfields of Western Australia, as announced by MTM earlier this month.
Mineralisation was interpreted to occur over 1km in strike length with nickel mineralisation being recorded up to 2.2% Ni. These nickel zones are also reported to be coincident with elevated cobalt, chrome, and REE mineralisation.
Commenting on the start of drilling, MTM Critical Metals Managing Director Lachlan Reynolds says: “Our team in Quebec has done an excellent job to prepare for this drilling program, and there were no delays in sourcing or mobilising a suitable diamond drill rig.
“We are excited to get underway with the exploration of the Pomme carbonatite complex for a new rare earth element and niobium deposit”
We are excited to get underway with the exploration of the Pomme carbonatite complex for a new rare earth element and niobium deposit, and we look forward to updating shareholders as the work progresses.”
With drilling now underway, MTM Critical Metals announces it will update its shareholders as work progresses.
MTM Critical Metals is an ASX-listed company focused on searching for REE, gold, lithium, nickel, and base metals in the Goldfields and Ravensthorpe districts of Western Australia, as well as the Abitibi region of the Province of Quebec in Canada.
The company currently holds over 4,500km-square of tenements within 3 prolific and ‘highly prospective’ mineral regions in WA, and also has the option to acquire, through an earn-in arrangement, a 100% interest in 2,400 hectares of exploration rights in Quebec.
The company’s Pomme REE-Nb Project represents a known carbonatite intrusion with ‘exceptional’ results from limited historical drilling, displaying enrichment in REEs and niobium, and is considered to be an ‘extremely’ prospective exploration target.
The project is situated adjacent to the world-class Montviel REE-Nb deposit, which is owned by Geomega Resources (CVE:GMA) and has a defined total indicated and inferred resource of 266 million tonnes @ 1.45% TREO and 0.14% Nb2O5.
Write to Adam Drought at Mining.com.au
Images: MTM Critical Metals Ltd
