Ragusa Minerals (ASX:RAS) has received outstanding laboratory assay results from drilling at its Burracoppin Project in Western Australia, discovering a ‘high-grade’ halloysite and ‘strongly’ elevated rare earth element (REE) content across the drilled area.
The company reports that these final assay results display the Burracoppin project to be ‘significantly’ enriched in bright white kaolinite, ‘high-grade’ halloysite, and REE’s, all within a near-surface formation. Ragusa states these discoveries make it a true multi-commodity project.
Key drill results include hole RBC 038 with 10m @ 15% halloysite from 5m; RBC 045 with 9m @ 11% halloysite from 9m; and RBC 047 with 15m @ 13% halloysite from 7m, including 6m @ 16% and 3m @ 20%.
Commenting on the drill results, Ragusa Minerals Chairperson Jerko Zuvela says: “The company is pleased with the final results confirming the high-grade halloysite and REE discovered at our Burracoppin Project.
“The company is pleased with the final results confirming the high-grade halloysite and REE discovered at our Burracoppin Project”
These positive results further reinforce the potential multi-commodity development of our Project – we look forward to delineating a JORC mineral resource and progressing the strategic critical minerals discovered at Burracoppin.”
The company’s next steps for the project will be to interpret the data in its entirety ahead of resource estimation and production of a JORC 2012 resource over the project area.
Additionally, a preliminary test work is planned on a sub-set of composite samples with elevated REE content to test for methods of extraction and possible recoveries.
Ragusa Minerals is an Australian company with an interest in the NT Lithium Project in the Northern Territory, Monte Cristo Gold Project in Alaska, Burracoppin Project in Western Australia, and Lonely Mine Gold Project in Zimbabwe.
Ragusa’s Burracoppin project consists of 68 blocks and is located about 300km east of Perth in Western Australia. The project is prospective for halloysite and kaolinite.
Images: Ragusa Minerals Ltd
