RareX Limited (ASX: REE) has received further exceptional results from its recent in-fill and extensional Reverse Circulation (RC) drill programme at the 100%-owned Cummins Range Rare Earths Project, located in the Kimberley Region of WA.
An outcropping, thick high-grade mineralised channel trending north-west has now been confirmed with further strongly mineralised drill holes.
The two latest drill holes, CRX0010 and CRX0011, are located 100m along strike from the high-grade results reported in drill holes CRX0002 and CRX0003 in September.
As with previously announced drilling results, these holes also have ultra-high-grade seams within a broader high-grade intersection, with the internal zones including 3m @ 11.3% TREO, 5m @ 9% TREO and 2m @ 10.4% TREO.
Managing Director, Jeremy Robinson, said the results are once again a significant improvement on the previous drilling in the immediate area and support the company’s strategy of delineating a higher-grade component within the overall Inferred Mineral Resource of 13Mt at 1.13% TREO with 22% NdPr content.
90m at 3.8% TREO is easily the best-ever hole drilled at Cummins Range and would have to be up there globally from anything I can recall,” Mr Robinson said.
“It provides a strong indication of the quality, scale and grade of this deposit, which is characterised by its high NdPr content and location in a Tier-1 mining jurisdiction.
“We continue to be impressed by Cummins Range and look forward to receiving further assay results that will pave the way for an updated Mineral Resource, as well as commencing drilling at Weld North next month.”
