Join our daily newsletter At The Bell to receive exclusive market insights
- PVW Resources (PVW) reports total rare earth oxide (TREO) assays of up to 8.77 per cent from recent rock chip sampling work at its Killi Killi East prospect in Western Australia
- The company says 13 of 23 samples returned assays of greater than one per cent TREO and heavy rare earths comprising on average 76 per cent TREO
- The rare earth element (REE) drill target has been extended at Killi Killi East 1 to at least 800 metre strike length and at Killi Killi 2 to 500 metres strike length
- The company says its maiden Tanami drilling program is planned to commence in April, which will target REE and gold mineralisation
- PVW shares are up 8.49 per cent at 57.5 cents
PVW Resources (PVW) has returned total rare earth oxide (TREO) assays of up to 8.77 per cent from rock chip sampling work at the Killi Killi East prospect at its Tanami project in Western Australia.
The 8.77 per cent TREO rock chip result included a value of 6,221 ppm dysprosium, while another weighed in with 5.87 per cent TREO including 3,214 ppm dysprosium and 10,836 ppm neodymium.
The company said 13 of 23 samples from the recent field program registered assays of greater than one per cent TREO, with heavy rare earths comprising on average 76 per cent TREO.
The rare earth element (REE) drill target has been extended to a strike length of at least 800 metres at Killi Killi East 1 and 500 metres at Killi Killi East 2.
PVW said rock chip samples from Killi Killi East 2 also returned assays of 3.13 g/t and 1.33 g/t gold on the back of gold mineralisation encountered in previous sampling.
Geochemical soil sampling results from the Killi Killi East and Watts Rise prospects are expected in late January or February.
The company said it plans to launch a maiden drilling program at the Tanami project in April targeting REE and gold mineralisation.
PVW shares were trading 8.49 per cent higher at 57.5 cents at 2.34 pm AEDT.
