Summit Minerals Limited (ASX: SUM) is preparing to start its maiden drilling campaign at the Stallion REE Project, east of Kalgoorlie, in Western Australia.
The company has received drilling approval for its high-priority Stallion Project from DMIRS and has completed the site preparatory work. The Stallion Project is prospective for rare earth mineralisation potentially related to ‘hot’ granitic rocks. The project covers parts of the Ponton Creek Palaeo-drainage.
K& J Drilling, a water boring drilling company from Kalgoorlie, has been appointed as the Drilling Contractor and is expected to mobilise to the site next week.
The drilling program aims to:
* Validate historical REE drill intercepts in weathered granite beneath the palaeochannel
* Confirm the interpreted “hot granites” located on the channel margins as a potential
source for the REE enrichment.
* Allow the company to assay samples for the full suite of REEs. Previously samples
were only assayed for 4 of 17 REEs, delivering grades of up to 2,666ppm pREO
(Partial Rare Earth Oxides)
* Refine exploration strategies for use across the expanded project.
Managing Director Jonathan King said he was excited to commence drilling.
“The approval and the commencement of drilling marks an essential step forward in the company’s growth.
“It consolidates our on-ground plans for building value at the Stallion REE Project. Summit continues to focus on building momentum with its exploration work programmes, gaining relevant approvals and planning for initial drill programmes.
“Exploration is ongoing with proposed mapping and soil sampling programmes targeting our lithium and antimony projects. It is an exciting time for Summit and its shareholders as we explore these high-priority areas. We look forward to keeping our shareholders updated with our ongoing exploration campaigns across our projects.”
For further information please visit: https://summitminerals.com.au/
