RareX Confirms Cummins Range Mineralisation

THE DRILL SERGEANT: RareX Limited (ASX: REE) continued its rare earths and niobium run from recent in‐fill and extensional drilling undertaken at the company’s 100 per cent‐owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX released results from the two latest RC holes, CRX0012 and CRX0013, which include widths of high‐grade rare earths and niobium mineralisation with broad zones of bonanza grade mineralisation encountered in CRX0013.

New results include:

CRX0012
37 metres at 1.4 per cent total rare earth oxide (TREO) and 0.2 per cent niobium from 21m, including 7m at 3.6 per cent TREO + 0.2 per cent niobium from 37m.

CRX0013
109m at 3.6 per cent TREO and 0.44 per cent niobium from 24m, including 70m at 5.4 per cent TREO and 0.64 per cent niobium from 54m;
9m at 7.5 per cent TREO and 1.5 per cent niobium from 57m;
13m at 10.7 per cent TREO and 1.04 per cent niobium from 76m; and
8m at 9.1 per cent TREO and 0.58 per cent niobium from 106m.

The company explained the north‐west trending channel of mineralisation encountered in previously released drill holes has been confirmed by holes CRX0012 and CRX0013, further enhancing the potential size and grade of the Resource in this area.

Previous historical drilling on surrounding sections had confirmed the presence of high‐grade mineralisation down to 70m below surface.

The current drill program has now extended the zone of high‐grade mineralisation to 130m below surface.

“We continue to be impressed by the consistency of this thick, high‐grade mineralisation within this north‐west channel within the Resource,” RareX managing director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“These impressive results provide strong support for the potential both to upgrade the Resource and to define a high‐grade component within the broader Resource.

“Understanding the controls on the high‐grade mineralisation in the weathered zone will also assist with targeting potential high‐grade primary mineralisation in follow‐up drilling to further expand the overall size of the Resource.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.rarex.com.au