Ionic Rare Earths Limited (ASX: IXR) is pleased to announce the receipt of positive assays for Tranche three of the 8,220 metre Phase 4 drill programme completed in October at the Makuutu Rare Earths Project in Uganda.
Drilling results to date indicate that Makuutu is a large scale, ionic adsorption clay (IAC) hosted rare earth element (REE) project, with extension potential identified east and to the northwest. The Project is well supported by existing infrastructure and is one of a few confirmed IAC deposits identified globally, outside of China.
Drill assay results have been received for the Tranche 3 submission consisting of 71 drill holes, including RRMDD390 to 460. The results are for holes drilled within the existing inferred and indicated Mineral Resource Estimate (MRE) and to define extensions to the MRE in the Makuutu Central Zone (MCZ) and areas F and G.
intersections above the cut-off grade of 200 ppm Total Rare Earth Oxide less CeO2 (TREO-CeO2), consistent with the initial drilling phases (2019 and H1 2020) and the current MRE.
Notable thick, high-grade and include:
- 11.7 metres at 1,437 ppm TREO from 4.5 metres
- 12.0 metres at 1,468 ppm TREO from 4.5 metres
- 8.1 metres at 1,413 ppm TREO from 7.5 metres
- 12.3 metres at 1,268 ppm TREO from 3.2 metres
- 11.4 metres at 1,223 ppm TREO from 8.0 metres
- 16.4 metres at 1,210 ppm TREO from 2.0 metres
- 14.4 metres at 1,187 ppm TREO from 5.1 metres
- 13.2 metres at 1,184 ppm TREO from 2.7 metres
- 6.7 metres at 1,174 ppm TREO from 3.4 metres
- 4.2 metres at 1,162 ppm TREO from 4.8 metres 16.2 metres at 1,128 ppm TREO from 3.8 metres
- 12.0 metres at 1,060 ppm TREO from 4.1 metres
Managing Director, Tim Harrison, said the final sample tranche from the programme has arrived in Perth. Sample backlogs remain significant at the assay laboratory with three tranches remaining for analysis.
“These are very strong infill results and further confirm, as I expected, the high grade, near surface and thick nature of the clay in the MCZ. Additional to the strong infill results, assays confirm the potential for extension of mineralisation on the western side of the MCZ to extend the lobe on the northwest corner,” he said.
“Drill assays across areas F and G have delivered as expected and should also see an increase in the total resources defined at these areas. Pleasingly, these results are another positive step for the Project on delivering a larger, higher classification MRE at Makuutu.”
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