Rincon Resources (ASX:RCR) has begun a heritage survey ahead of the planned diamond drilling and ground geophysics survey programs at the Kiwirrkurra Project in Western Australia.
The heritage survey will focus on 3 areas, while diamond drilling will test 2 deep gravity targets below the outcropping system — potentially richer, deeper sources of copper-gold mineralisation at Pokali East or a copper-gold-rare earth element (REE) system at Pokali North.
Commenting on the exploration activities, Rincon Resources Managing Director Gary Harvey says: “Recent carbonatite-related niobium-REE discoveries by WA1 Resources (ASX:WA1) and Encounter Resources (ASX:ENR) has put the West Arunta region on the map as a new critical minerals province.
“Our Kiwirrkurra Project is front and centre, with the extensive 5km-long outcropping IOCG-REE system at Pokali”
“Our Kiwirrkurra Project is front and centre, with the extensive 5km-long outcropping IOCG-REE system at Pokali. Where historic drilling focused on testing the obvious copper-gold targets identified in outcrops, we now intend to go deep with a maiden diamond drilling program to test for a deeper, richer source.”
Rincon notes that an approved Exploration Incentive Scheme (EIS) grant of up to $150,000 will co-fund the diamond drilling program.
Rincon Resources is an ASX-listed exploration company focused on its 3 assets in Western Australia that are prospective for gold, copper, rare earths, and associated critical minerals. As of 30 June 2023, the company had $228,000 cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Rincon Resources
