OD6 Metals Limited (ASX:OD6) has confirmed the presence of clay hosted rare earth element (REE) mineralization with assay results received from the maiden drill program completed at its Grass Patch Project near Esperance in Western Australia.
Highlights:
• Drill programme targeted clay basins identified through the recently completed Airborne Electromagnetic Survey (AEM) and analysis of regional anomalies
• Significant areas of high-grade clay hosted rare earth confirmed from the completed 93 hole program wide- spaced regional program
• Grades up to 3,340ppm Total Rare Earth Oxides (TREO)
• Exceptionally high Magnet Rare Earth Oxides encountered up to 38.5% of TREO grade
• Heavy Rare Earth Oxides and Critical Rare Earth Oxides were observed at elevated levels
• Thick clays encountered typically between 3.0m and 20m, and up to 59m
• The first pass reconnaissance drill program highlights the strong potential upside for further targeted drilling at the Belgian, Circle Valley and Scaddan Prospects
• The target area for each prospect included: Belgian 25km x 22km area, Circle Valley 16km x 7km area and Scaddan 8km x 1km area
• All assays using 4-acid soluble digestion (which does not assay for resistate non-acid soluble REE minerals)
• All mineralized assay results have been received for the programme.
“These are excellent and highly encouraging results for a first pass reconnaissance drilling programme of 93 holes, across our wide ranging tenure at Grass Patch,” Managing Director, Brett Hazelden, said.
“There have been some significant TREO grades, but of particular note is the remarkably high Magnet Rare Earth Oxides grades encountered in a number of areas, which in some cases exceed 35% of the intercepted TREO grade.
“The three main identified prospect areas of Belgian, Circle Valley and Scaddan will now undergo metallurgical testing to determine potential rare earth recoveries, with a new drill program being planned to focus on the high-grade clay hosted rare earth intercepts already encountered.
“The Grass Patch Project is OD6’s second project to have identified clay hosted rare earths, after the flagship Splinter Rock project confirmed the existence of extensive clay hosted rare earth basins late last year.”
The maiden Grass Patch drilling programme was designed to target clay basin areas identified and optimized through a combination of the recent Airborne Electromagnetic Survey (AEM) and analysis of regional anomalies. The completed programme included 93 holes for 3,399m of drilling at an average depth of 36.5m.
All assays were undertaken using 4-acid soluble digestion, and as such do not return results for resistate non-acid soluble REE minerals.
For further information please visit: https://www.od6metals.com.au/
