Summit Minerals (ASX:SUM) - Managing Director, Jonathan King
Managing Director, Jonathan King
Source: Summit Minerals
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  • Summit Minerals Limited (ASX: SUM) announces findings from the UFF soil program conducted across parts of its Stallion REE project in WA
  • Multiple anomalous REO results, spanning over a four-kilometre length were discovered in dense, sandy transported cover overlying REO mineralisation encountered during drilling by Manhattan Corporation and Summit
  • Results confirm the presence of another REE mineralisation zone, known as the MHC target, unlocking further exploration potential at the project
  • SUM last traded at 9.8 cents

Summit Minerals (ASX:SUM) has released results from the ultrafine fraction (UFF) soil program conducted across parts of its Stallion REE project in Western Australia.

Multiple anomalous rare earth oxide (REO) results, spanning over a four-kilometre length were discovered in dense, sandy transported cover overlying REO mineralisation encountered during drilling by Manhattan Corporation and Summit.

The results confirm the presence of another REE mineralisation zone, known as the MHC target.

The program had a dual purpose of assessing soils as a means of detecting SEO mineralisation at Stallion and determining if the company could reduce its discovery expenses by minimising exploration drilling costs.

The UFF technique has proven effective in areas with up to 60 metres of cover, making it suitable for the company to use at Stallion.

“The knowledge gleaned from this campaign gives the company confidence as to the size and scale of the potential resource. It also helps us best target future drilling, which should significantly reduce future discovery and exploration costs across the tenement package,” SUM Exploration Manager Johnathan King said.

A total of 113 UFF samples were collected. The program established a strong correlation between the UFF soil sample results and both historical and recent drilling results.

The company aims to expand the mineralised zone onto adjacent tenements before a phase three drilling campaign begins.

Drilling will also extend north to confirm the presence of the MHC target within the Stallion North tenement.

SUM last traded at 9.8 cents.

SUM by the numbers
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