Eclipse Metals Ltd (ASX: EPM) has received assay results from its 2022 trenching programme for the Grønnedal rare earth element (REE) prospect within the wholly-owned Ivigtût multi-commodity project, southwest Greenland.
Executive chairman Carl Popal commented, “The initial results from shallow trenches at Grønnedal are highly significant for Eclipse, as they indicate multiple near-surface targets that remain open at depth and along strike. Our previous geophysical assessment confirmed the deep-seated nature of the host to this REE mineralization, pointing towards a substantial target.”
The company’s maiden trenching programme has returned REE mineralization in all 52 trenches completed at Grønnedal, and sample assays have confirmed high neodymium oxide ratios of up to 56% of total rare earth oxides (TREO), with an average of 31%.
Additionally, Pr and Nd assay results account for 60% of calculated TREO, indicating that the Grønnedal mineralization is enriched in the more valuable REE of Pr and Nd.
Highlights from the trenching programme include:
- L1-2: 1.0m @16,444ppm TREO from 1.0-2.0m (Nd2O5 ratio = 26%)
- L1-4: 0.5m @15,923ppm TREO from 0.0-0.5m (Nd2O5 ratio = 27%)
- L2-11: 0.5m @10,571ppm TREO from 0.0-0.5m (Nd2O5 ratio = 29%)
- L2-3: 2.0m @12,911ppm TREO from 1.0-2.0m (Nd2O5 ratio = 27%)
- L3-8: 1.0m @9,341ppm TREO from 0.0-1.0m (Nd2O5 ratio = 56%)
- L3-5: 1.0m @13,452ppm TREO from 1.0-2.0m (Nd2O5 ratio = 36%)
- L5-11: 1.5m @11,630ppm TREO from 0.0-1.5m (Nd2O5 ratio = 30%)
- L5-12: 0.5m @6,317ppm TREO from 0.0-0.5m (Nd2O5 ratio = 45%)
Eclipse has stated that diamond drilling at Grønnedal is expected to commence Q4 2023.
Mr. Popal continued, “Following the approval of the 2023 Grønnedal diamond drilling programme, we are poised to commence the REE assessment at depth. This aligns with our strategic goal of becoming a prominent supplier of metals and minerals for the green energy industry,”
“The promising REE prospectivity at both Grønnedal and Ivigtût reinforces our commitment to actively exploring these sites, including the nearby historic Ivigtût pit throughout 2023.”
To find out more, please visit www.eclipsemetals.com.au
