THE DRILL SERGEANT: RareX (ASX: REE) is set to commence a major new exploration drilling program at the company’s 100 per cent-owned Cummins Range rare earths project, located in the Kimberley region of Western Australia.
RareX informed the market that the upcoming phase of exploration will comprise more than 6,000 metres of reverse circulation (RC) and diamond drilling and comes on the back of drilling completed in 2020 as well as a thorough geological review of the Cummins Range deposit that was undertaken by RareX geologists over the wet season.
Subsequently, a revised geological model has been established, based largely on the 58 RC drill holes that were completed in August-October 2020, identifying new high-grade exploration targets.
The new interpretation has established the presence of pre-existing high-grade fault structures that represent high-priority exploration targets with the potential to substantially change the scale of the Cummins Range project.
This new understanding has formed the basis of the upcoming RC and diamond drill program planned to commence in late April.
“The work undertaken over the wet season by the RareX geological team has the potential to be a game-changer for the Cummins Range project, building on its existing attributes as an advanced, high-quality rare earths project in a Tier-1 mining jurisdiction with the ability to yield a premium product,” RareX managing director Jeremy Robinson said in the compan’ys ASX announcement.
“If the new geological interpretation is confirmed, the upcoming drilling has the potential to dramatically expand the scale of the deposit and delineate a significant volume of new high-grade material.
“We are looking forward to what the upcoming drilling can deliver.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE