Cazaly Resources Limited (ASX: CAZ) has identified anomalous rare earth elements (REE) – Lanthanum (La), Cerium (Ce), Neodymium (Nd) and Praseodymium (Pr) in historical drill core from the Carb Lake project in the Red Lake District of Ontario, Canada.
The company holds 93 mineral claims covering a large carbonatite prospective for Rare Earth Elements (REE) in the historic mining district.
In mid June 2023, Cazaly announced it had acquired 100% of the Carb Lake REE project which comprises a large, 2.5km to 3km diameter circular magnetic anomaly known as the Carb Lake Carbonatite Complex prospective for REE and Niobium.
Project Update
Cazaly’s in-country team have now completed a portable XRF (pXRF) programme on available diamond core. Preliminary pXRF readings conducted on historical core samples have confirmed anomalous levels of Lanthanum (La), Cerium (Ce), Neodymium (Nd), Praseodymium (Pr), and Niobium.
These results validate the project’s potential for economic REE and Nb mineralisation and reinforce the company’s confidence in the future prospects of the Carb Lake REE project.
Four diamond holes were drilled at Carb Lake in 1967 for a total of 564m with limited drill core remaining intact and available for non-invasive work. The remaining drill core was re-logged and tested using a pXRF, a portable gammaray spectrometer and a magnetic susceptibility metre.
The best pXRF results include Nb 0.6%; La 3.36%; Ce 4.34%; Pr 0.42%; Nd 1.49%.
Next Steps
An initial field reconnaissance trip will include geological field mapping to determine any areas of float, or outcrop, and prospecting to collect any rock chip samples where float and outcrop is observed.
Cazaly’s in-country team will mobilise a four-man crew and establish an onsite field camp to facilitate the field programme. Subject to all access approvals the reconnaissance trip is scheduled to be undertaken in September-October 2023.
