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- West Cobar Metals (WC1) wraps up the first phase of drilling at its Salazar rare earth element project in the Esperance region of Western Australia
- The company drilled 283 drill holes for 9342 metres, with the work completed just two weeks after drilling resumed following the Christmas break
- This work was designed to extend the existing inferred resource, explore an area to the south of the Newmont deposit and explore part of the O’Connor licence area
- All drill samples have been submitted for analysis and, once results are received, will be integrated with historical data to produce an updated resource estimate
- Company shares are up 6.06 per cent to 17.5 cents at midday AEDT
West Cobar Metals (WC1) has wrapped up the first phase of drilling at its Salazar rare earth element project in the Esperance region of Western Australia.
The company drilled 283 drill holes for 9342 meters, with the work completed just two weeks after drilling resumed following the Christmas break.
This work was planned to extend the existing inferred resource, explore an area to the south of the Newmont deposit and also explore part of the O’Connor licence area.
All drill samples collected prior to the Christmas break are being analysed, and WC1 expects to receive initial results next month.
Drill samples from the work completed this year have also been dispatched for analysis, but results are expected by March.
WC1 said the final assay results would be integrated with historical data to produce an updated resource estimate for the Newmont deposit sometime in the second quarter of this year.
Company shares were up 6.06 per cent to 17.5 cents at midday AEDT.
