MTM Critical Metals Encounters New Zones of REE and Niobium at Pomme

THE DRILL SERGEANT: MTM Critical Metals (ASX: MTM) reported an encounter with further total rare earth oxide (TREO) mineralisation via diamond drilling at the company’s Pomme rare earth element (REE)-niobium project in Québec, Canada.

MTM Critical Metals said the drilling continued to affirm REE and niobium mineralisation over broad intervals in previously untested parts of the carbonatite.

Narrow zones of higher-grade mineralisation greater than one per cent (10,000ppm) TREO were intersected, including;

POM-23-08
149.5 metres at 0.32 per cent TREO and 0.05 per cent niobium from 122m, including 1.5m at 1.31 per cent TREO and 0.06 per cent niobium.

The company said assays indicate that a healthy proportion of the TREO grade is high value magnet REE mineralisation i.e., neodymium and praseodymium.

“The latest three holes were completed in areas not previously tested with any drilling,” MTM Critical Metals managing director Lachlan Reynolds said in the company’s ASX announcement.

“These new assay results provide us with further information of the geology and distribution of rare earth and niobium mineralisation within the Pomme carbonatite complex.

“The assays follow encouraging results previously from the first five holes and we are still eagerly awaiting assays for the remaining five holes from the 13-hole campaign completed at Pomme.

“As results are received, our technical team will be putting together a 3-dimensional model of the Pomme carbonatite and evaluating the most prospective part of the target for coherent zones of high-grade mineralisation.

“These areas will be prioritised for further drilling follow-up.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE