THE DRILL SERGEANT: Axel REE (ASX: AXL) reported further gallium and rare earth elements (REE) assays from the company’s Caladão project in the Lithium Valley, Minas Gerais in Brazil.

Axel REE has completed a total of 417 holes for 6,182 metres of drilling to date.

The company said the results have continued to return high-grade and thick gallium and REE intercepts in the weathering profile from surface.

The recent batch of auger drill results included:

CLD AUG-232
15 metres at 60 grams per tonne gallium from surface; and

CLD-AUG-233
17m at 6,792ppm total rare earth oxides (TREO) from surface.

“The continuation of thick and high-grade gallium and REE intercepts from auger drilling is showing that mineralisation is also open at depth, with the potential for expansion following further deeper drilling,” Axel REE managing director Dr Fernando Tallarico said in the company’s ASX announcement.

“The next steps include defining a maiden gallium and REE Resource Estimate with SRK.

“In parallel, selected samples of mineralised gallium and REE assays have arrived at ANSTO with the metallurgical program progressing at their facility in Sydney, Australia.

“Auger drilling will continue in Caladão Area B and is also ongoing at our Caldas project at the world-class Poços de Caldas Alkaline Complex, to the south of the State of Minas Gerais.

“We will continue to keep our shareholders informed of our progress on these different fronts.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE