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- Desert Metals (DM1) reports “outstanding” results from its 12,745-metre drilling program at the Innouendy project, WA
- Highlighted results include 29 metres at 1371 parts per million (ppm) total rare earth oxide (TREO) from 28 metres and partial TREO intersections of four metres at 3436 ppm
- According to DM1, the new assays confirm the “high-grade, widespread, thick and continuous nature” of rare earth mineralisation at the project
- The company is now planning a major drilling campaign to further define the extent and continuity of the REE mineralisation at the project
- Shares in Desert Metals are up 3.23 per cent, trading at 32 cents as of 1:44 pm AEDT
Desert Metals (DM1) has reported another batch of “outstanding” high-grade results from its 12,745-metre drilling program at the Innouendy project in Western Australia.
Highlighted results include 29 metres at 1371 parts per million (ppm) TREO from 28 metres including 16 metres at 1829 ppm TREO and 12 metres at 1154 ppm TREO from 40 metres.
Partial total rare earth oxide (TREO) intersections were also received from a number of holes with the full suite of rare earth elements (REE) results pending.
Significant intersections of partial TREOs include 31 metres at 1066 ppm from 48 metres and 21 metres at 1055 ppm from 12 metres, including four metres at 3436 ppm.
According to the company, the new assays continue to confirm the “high-grade, widespread, thick and continuous nature” of REE mineralisation at the project along a strike of at least 21 kilometres and across widths of 2.5 kilometres.
Managing Director Rob Stuart said the Innouendy project is fast becoming an “exceptional, multi-commodity, new economy, critical minerals discovery”.
“With the extensive airborne electromagnetic data collected in 2021, the company has the both the data and the expertise to fast refine its REE targeting techniques,” Mr Stuart said.
“We look forward to uncovering even higher grades, thicker clays and building the size of the discovery.”
The company is planning for a major drilling campaign to further define the extent and continuity of the REE mineralisation at the project.
In addition, a substantial program of leachability assays, ore characterisation and metallurgical test work is commencing.
Shares in Desert Metals were up 3.23 per cent, trading at 32 cents as of 1:44 pm AEDT.
