Impact Minerals Identifies Large Rare Earth Anomaly

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified the Horseshoe prospect, a large soil geochemistry anomaly for rare earth elements (REE) at the company’s 100 per cent-owned Arkun project in the emerging mineral province of southwest Western Australia.

Impact Minerals described the anomaly as being about 10 kilometres long, up to 2,000 metres wide and comprising both the more valuable Heavy Rare Earth Elements (HREE) and the Light Rare Earth Elements (LREE).

“The new and exciting Horseshoe prospect is in a prime location for REE being associated with the contact zone of an intrusion adjacent to a major fault zone,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“In addition, the area is also very weathered, so there is also the potential for REE ionic clay deposits.

“We are looking forward to getting our follow-up fieldwork underway to check this.

“Horseshoe is just one of numerous REE anomalies we have identified in roadside sampling, and so we look forward to further results from infill soil surveys that are underway.

“This and other recent discoveries in the region suggest that southwest Western Australia could also become an REE province like the Gascoyne Province and the Albany-Fraser Belt near Esperance.

“We are happy to have such a significant ground-holding in this region.

“We are also interpreting the soil geochemistry results for nickel-copper-PGM and lithium and look forward to announcing those results when completed.”

Impact has completed re-processing of a 2022 HeliTEM survey conducted over priority target areas for nickel-copper-PGM mineralisation in the Arkun-Beau area.

A DGPR survey has also been conducted at Beau, and interpretation of this data for lithium pegmatites is also in progress.

This data will be combined to identify drill targets with the aim of completing a maiden drill program in late 2023 or early 2024.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE