Red Metal Confirms REO Continuity via Infill Drilling at Sybella Discovery

THE DRILL SERGEANT: Red Metal (ASX: RDM) has drilled confirmation that of wide zones of rare earth oxide mineralisation continue at the company’s Sybella rare earth discovery near Mt Isa.

Red Metal received assay results from infill drilling it carried out over the eastern Kary Zone at Sybella, which the company considers could further support the current large Inferred Mineral Resource the company released in October last year.

The assays received returned multiple, long intercepts of Magnet Rare Earth Oxide (MREO) mineralisation (neodymium, praseodymium, dysprosium plus terbium oxides) hosted within the granite intrusion with many starting at surface and ending in mineralisation.

Red Metal declared the total MREO grades and widths from the infill drilling to be consistent with results from previous drilling of adjacent traverses 400 metres to the north and south providing further confidence in the Inferred Mineral Resource.

“Confirming the continuity of the wide zones of higher-grade REO mineralisation at Sybella is an essential step towards realising its potential for bulk tonnage heap leach mining,” Red Metal managing director Rob Rutherford said in the company’s ASX announcement.

“Repeating our positive early-stage metallurgical results with pH optimisation tests on composited samples representative of a larger area is the next key step.

“Results from this work on the Kary Zone are due in the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE