Cazaly Resources Limited (ASX: CAZ) is gearing up for its exploration of the new Carb Lake Rare Earth project in the Red Lake District of the well- known mining province of Ontario, Canada.
Cazaly’s 100% owned Carb Lake Rare Earth Elements (REE) Project comprises 93 mineral claims covering a large, +three km diameter circular magnetic anomaly known as the Carb Lake Carbonatite Complex prospective for REE and Niobium.
2011 aeromagnetic survey data purchased by the company has provided excellent detailed imagery across the bulk of the carbonatite. The carbonatite shows multiple magnetic circular features within the complex that extends beyond the detailed surveyed area of 3.2km x 3.7km.
While the Carb Lake carbonatite complex is in the very early exploration phase, the size of the intrusive complex is compelling.
The company’s in-country team mobilised a four-man crew on 21 August 2023 in order to traverse as much of the property as possible and undertake prospecting, as well as geological field mapping to determine any areas of float or outcrop suitable for sampling.
All available datasets have been used to plan the reconnaissance trip including recently acquired high resolution satellite imagery.
This initial field programme will provide essential information for planning future exploration activities.
The Carb Lake REE project comprises a large, +three km diameter circular magnetic anomaly known as the Carb Lake Carbonatite Complex prospective for Rare Earth Elements and Niobium. The Project area is located in north-western Ontario, 10km from the Manitoba border. The Project hosts a mid-Proterozoic aged carbonatite which intruded a suite of tonalites within the Northern Superior Superterrane which represents the northernmost exposure of Archaean Rocks in Ontario.
The Project is located between two major tectonic terrane boundaries along the North Kenyon Fault, a significant crustal scale fault providing ideal plumbing for mantle derived magma to intrude through to the upper crust. The carbonatite is not exposed at surface with shallow cover from 7.0 to 12m.
Very little exploration has been completed on the project to date.
