Wide zones of high-grade mineralisation in primary zone extend mineralisation at depth and
provide confidence to calculate an Exploration Target.
Exceptional assay results received for diamond hole CDX0016, targeting the north-western extension of the primary rare earths zone down-dip.
The hole intersected a cumulative total of 51m at 2.5% TREO, comprised of four high-grade zones of:
- 21.2m at 1.8% TREO from 134.3m
- 7.3m at 3.5% TREO from 174m
- 2.2m at 6.8% TREO from 247.3m
- 13.8m at 2.7% TREO from 273m.
Primary mineralisation now extended to 240m below surface.
Result gives RareX the geological confidence to establish an Exploration Target for the primary zone.
Preliminary mineralogy on primary ore confirms relatively coarse massive monazite as the rare earths host.
“RareX Limited (ASX: REE; RareX or the Company) is pleased to report assay results from the best primary diamond hole drilled at its 100%-owned Cummins Range Rare Earths Project in Western Australia.
Assay results for the diamond portion of holes CDX0015 and CDX0016 have been received. CDX0015 was drilled into the northern zone and intersected wide low-grade rare earths within a phoscorite unit. The impressive results for CDX0015 are discussed in a separate announcement released to market today (“Significant high-grade primary phosphate discovery at Cummins Range”)..."