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- Desert Metals (DM1) posts further “outstanding” rare earth results from the Innouendy project in Western Australia
- Thirty-three aircore holes were completed across the project, 78 per cent of which contained total rare earth oxide grades of over 300 parts per million
- Desert Metals says the new assays continue to confirm the high-grade, widespread, thick and continuous nature of rare earth element mineralisation at the project
- A program of follow up drilling is planned to both infill and further test the extent of the discovery, with work scheduled to begin early in the new year
- Desert Metals shares are down 4.35 per cent, trading at 22 cents at 1:30 pm AEDT
Desert Metals (DM1) has posted further “outstanding” rare earth assay results from its Innouendy project in Western Australia.
The company has now received all assay results from drilling completed this year at the project.
The latest batch of results come from the Cattle Yard prospect and two new rare earth element zones.
Thirty-three aircore holes were completed across the project, spanning 21 kilometres, with 78 per cent of the holes containing total rare earth oxide grades of over 300 parts per million.
Intersections from saprolitic clays included 31 metres at 1425 parts per million (ppm) from 48 metres, including four metres at 3775 ppm, and 16 metres at 1767 ppm from 12 metres, including four metres at 4536 ppm.
Desert Metals said the new assays continue to confirm the high-grade, widespread, thick and continuous nature of rare earth element mineralisation at Innouendy.
A program of follow up drilling is planned to both infill and further test the extent of the discovery, with work scheduled to begin early in the new year.
Desert Metals was down 4.35 per cent, trading at 22 cents at 1:30 pm AEDT.
