Torque Metals Limited (ASX: TOR) has received encouraging rare earth element and gold results in assays from its first drilling programme at the Bulfinch Project near Southern Cross in Western Australia.
The Bullfinch Project is located on over Archaean greenstone lithologies prospective for gold, massive nickel-copper sulphides, REE, and lithium- pegmatitic deposits.
Torque’s first shallow RC drilling campaign at Bullfinch (21 holes for 1,260m) was focused entirely on Withers Find prospect and has confirmed the presence of hard-rock pegmatite hosted REE, with the best drillhole BRC001 returning 3m @ 0.107% TREO with 187ppm NdPr from 15m.
Additional drillholes also presented Anomalous REE grades in other holes warrants further exploration for these critical materials (see appendix two for full analytical data).
“Following the initial reprocessing of more than 20 magnetic and gravity surveys conducted in-house, we have identified multiple structural-geophysical anomalies that could host multi-element deposits,” Managing Director, Cristian Moreno, said.
“It’s an incredible outcome to have discovered anomalous hard-rock pegmatite hosted rare earth elements in all 21 holes at Bullfinch project which were drilled along a ~6.5km long geophysical target.
“Many of the REE intercepts of our first drilling campaign at Bulfinch start from surface and end in mineralisation, with some holes ending in high grade. Without a doubt, this discovery warrants further investigation in potential nearby mineralised structures. We are now evaluating further drilling plans to better understand these structural-geophysical anomalies.
“The Bullfinch Project is highly prospective with documented historical high-grade gold production. Systematic drilling is being planned by Torque’s technical team, and a programme of works has been submitted to expedite a drilling campaign early next year – so it’s going to be a busy period ahead for the company with lots of news flow not only in respect of Bullfinch but also at the Paris Gold Project where we have recently commenced a 4,500m drill programme.”
Recently completed drilling intercepted hard-rock pegmatite hosted REE, with multiple holes ending in the mineralized zone which increases the significance of Bullfinch, a vastly unexplored but prospective project for Torque Metals. Best REE intercepts from first Bullfinch drilling campaign as follows:
• 3m @ 0.107% TREO with 187.15ppm NdPr from 15m (22B2RC01)
• 3m @ 0.076% TREO with 118.14ppm NdPr from 57m (22B2RC07) ending in mineralised zone
• 6m @ 0.042% TREO with 105.34ppm NdPr from 9m (22B2RC11)
• 12m @ 0.0412% TREO with 77.24ppm NdPr from 48m (22B2RC15) ending in mineralised zone
• 3m @ 0.037 TREO with 59.46ppm NdPr from 24m (22B2RC21)
For further information please visit: https://www.torquemetals.com/
