MTM Critical Metals Limited (ASX:MTM) has commenced its maiden diamond drilling programme at the Pomme REE-Nb project located in Québec, Canada.
Work has commenced on-schedule and is designed to evaluate the overall geology of the Pomme carbonatite intrusion and define the geometry, grade and continuity of the rare earth element (REE) and niobium (Nb) mineralisation that it is known to host.
Drilling will further extend and delineate mineralisation identified by the two historical drill holes drilled on the target, which included:
MVX-12-01 – 508.3m @ 0.43% TREO, 413ppm Nb2O5 and 1.48% P2O5, from 73.7m depth, and MVP-12-02B – 478.1m @ 0.12% TREO, 340 ppm Nb2O5 and 2.14% P2O5, from 25.9m to EOH.
Our team in Québec has done an excellent job to prepare for this drilling programme and there were no delays in sourcing or mobilising a suitable diamond drill rig,” Managing Director, Lachlan Reynolds, said.
“We are excited to get underway with the exploration of the Pomme carbonatite complex for a new rare earth element and niobium deposit and we look forward to updating shareholders as the work progresses.”
The Project is a known carbonatite intrusion with exceptional results from limited historical drilling, showing enrichment in rare earth elements (REE) and niobium (Nb) and is considered to be an extremely prospective exploration target. Pomme is located adjacent to the world- class Montviel REE-Nb deposit (owned by Geomega Resources Inc), that has a defined total indicated and inferred resource of 266 Mt @ 1.45% TREO & 0.14% Nb2O5.
MTM has entered into a binding option agreement with Geomega Resources to acquire a 100% interest in the Pomme claims and is now advancing exploration at Pomme to discover a REE-Nb resource.
