Caprice Resources Retrieves TREO Rock Chips from Mukinbudin
THE DRILL SERGEANT: Caprice Resources (ASX: CRS) has identified a new exploration prospect at the company’s Mukinbudin rare earth element (REE) project in Western Australia.
Caprice Resources reported identification of the Colosseum prospect via a rock chip sampling program consisting of 20 rock chip samples, 13 of which returned values greater than 1,000ppm total rare earth oxide (TREO), with a peak value of 5,038ppm rare earth oxide (REO) (0.5% REO).
The prospect measures around 500 metres, encompassing a coarse granite outcrop.
On the back of recent activity, Caprice considers Colosseum to be a walk-up target for a pending drill program.
Other work carried out at Mukinbudin included follow up soil sampling at the Hadrian’s and QC3 prospects, which has confirmed REO anomalism.
The anomalism at Hadrian’s has been extended to over three kilometres and remains open with results highlighting a series of northwest trending anomalies within a broader north-south trend.
Recent sampling has been undertaken to infill the higher-grade areas and extend laterally.
Caprice declared its next phase of exploration is aimed at firming up targets ahead of the maiden drill program planned for this quarter.
“Exploration at Mukinbudin continues to deliver outstanding results, with the delineation of a three kilometres long REE soil anomaly at Hadrian’s and the identification of the high-grade Colosseum prospect via regional rock chip sampling,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.
“Combined with the +1km Gadolin prospect, Mukinbudin is emerging as a very promising REE project.
“Given the success to date, we were very pleased to be able to lodge applications for two new tenements, which significantly boosts our landholding in this emerging area to almost 600 square kilometres.
“With applications well advanced for RC drilling of both Gadolin and Colosseum, we look forward to systematically testing the two most significant anomalies delineated to date in this exciting project.”
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