- Summit Minerals (SUM) commences fieldwork at its Gascoyne rare earth element (REE) projects in Western Australia
- Prospecting and outcrop sampling will be completed over the Morrisey and Lyndon projects to assess the geology and confirm lithium and REE targets
- This includes the REE-bearing pegmatite at Morrisey and circular features coincident with magnetic highs at Lyndon
- Additionally, Summit has acquired satellite imagery and is working through historical data to further guide its exploration activity
- Shares are trading 5.71 per cent higher at 18.5 cents each nearing market close
Summit Minerals (SUM) has commenced fieldwork at its Gascoyne rare earth element (REE) projects in Western Australia.
Prospecting and outcrop sampling will be completed over the Morrisey and Lyndon projects to assess the geology and confirm lithium and REE targets.
This includes the REE-bearing pegmatite at Morrisey and circular features coincident with magnetic highs at Lyndon.
The targets will be used for follow-up exploration activity, including drilling.
Managing Director Jonathan King said the Morrisey pegmatites are associated with the southern margin of the Ti Tree Shear Zone.
“The pegmatites are related to tourmaline-bearing granites of the Thirty-Three Supersuite, which also hosts numerous lithium-bearing pegmatites in the immediate environment around the tenement,” he said.
Additionally, Summit has acquired satellite imagery and is working through historical data to further guide its exploration activity.
Shares were trading 5.71 per cent higher at 18.5 cents each nearing market close.