- Marquee Resources (MQR) has begun a maiden reverse circulation (RC) drilling program at the Redlings Rare-Earth Element Project in WA
- Roughly 1000 metres of drilling will be undertaken with focus on a three kilometre-long surface geochemical anomaly that has returned up to 7.8 per cent total rare earth elements
- Work will also target down-dip and along-strike extensions of the rare earth element bearing dyke
- Marquee has ended the day 1.61 per cent in the red with shares trading at 6.1 cents
Marquee Resources (MQR) has begun a maiden reverse circulation (RC) drilling program at the Redlings Rare-Earth Element Project.
The 39.06-square kilometre Redlings Project lies 40 kilometres west of Leonora and 77 kilometres north of Menzies in Western Australia.
Historical work has intersected up to 7.8 per cent total rare earth elements (TREE) consisting of 3.6 per cent cerium, 648 parts per million (ppm) dysprosium, 331 ppm erbium, 207 ppm europium, 863 ppm gadolinium, 2.28 per cent lanthanum, 1.22 per cent neodymium, 0.39 per cent praseodymium, 0.36 per cent yttrium and 288 ppm ytterbium.
Roughly 1000 metres of RC drilling will be undertaken with focus on targeting down-dip and along-strike extensions of the rare-earth element (REE) bearing dyke.
“We’re excited to finally begin drilling at Redlings and to start to get an understanding on the scale and tenor of the mineralisation,” Executive Chairman Charles Thomas commented.
“We have mapped and sampled the mineralised dyke at surface and there is a three kilometres-long auger geochemical anomaly that has never been tested at depth,” he said.
“If we can prove the known mineralisation exists at depth, then we know that individual REE-bearing dykes are often part of a larger dyke swarm so the regional exploration potential is very exciting,” he added.
Marquee has ended the day 1.61 per cent in the red with shares trading at 6.1 cents in a $7.434 million market cap.