- Lanthanein (LNR) discovers new ironstones from recent fieldwork during which it sampled satellite targets at its Lyons rare earths project in WA
- Samples from four ironstones within the LI-01 target include 0.25 per cent niobium oxide and zirconium oxide as well as 0.4 per cent total rare earth oxides (TREO)
- LNR will conduct diamond drilling on two carbonation targets in April
- Following the drilling of the carbonatite targets, Lanthanein will launch a +10,000-metre reverse circulation (RC) drilling program
- The company has also modelled multiple carbonatite intrusions at the Lyons Block and along the Bald Hill lineament from airborne magnetics work
- LNR shares closed at 1.8 cents on Friday afternoon
Lanthanein Resources (LNR) has discovered four new ironstones in recent fieldwork during which it sampled satellite targets at its Lyons rare earths project in WA.
Carbonatite indicator minerals were discovered in several samples taken from a 1400-meter-long northeasterly-trending ironstone outcrop.
Samples from four ironstones within the LI-01 target include 0.25 per cent niobium oxide and zirconium oxide as well as 0.4 per cent total rare earth oxides (TREO).
LNR plans to perform diamond drilling on two of the carbonatite targets this April with funding from the WA government’s Exploration Incentive Scheme (EIS).
“Together with the financial support of the WA Government, two of our carbonatite targets will be tested with deep diamond drill holes along their magnetic altered margins to better define the geology in an area that remarkably has no historical exploration,” Lanthanein Technical Director Brian Thomas said.
“Following the drilling of the carbonatite targets, Lanthanein will continue with an extensive +10,000 metre reverse circulation (RC) drilling program to test for rare earth elements associated with extensive ironstone targets defined by both geophysics and the high-resolution Worldview satellite imagery,” Mr Thomas said.
The company has also mapped a further 25 carbonatite intrusions within the Lyons Block and along the Bald Hill Lineament using airborne magnetics.
The company said this signature carbonatite mineralisation demonstrates the potential for high-grade rare earth elements (REE) and larger tonnage REE in the project’s target areas.
LNR shares closed at 1.8 cents on Friday afternoon.