Exploration is on the horizon for Lanthanein Resources Ltd (ASX:LNR) now that it has wrapped up two surveys at the Lyons Rare Earths Project in WA.
The proposed drill programs will target new high‐grade ironstones similar to those previously drilled at Lyons 11, 12, 13 and 27.
More sampling
The company has also planned further rock chip sampling, ground magnetics, high-resolution satellite spectral interpretation and drilling to investigate additional targets it has not yet followed up.
These include thorium and magnetic anomalies throughout the Lyons Project and the high priority structural target along the major Bald Hill lineament which transects both the Edmund and Lyons project areas.
Heritage and Flora Surveys completed at Lyons. Heritage avoidance surveys allow access for a 10,000-metre reverse circulation (RC) drilling program targeting large-scale carbonatite targets and high-grade ironstones.
Exploration Incentive Scheme drilling
The company also recently received approval for $200,000 in co-funding from the Department of Mines Industry Regulation and Safety (DMIRS) under the Exploration Incentive Scheme (EIS) for two deep diamond holes to investigate the potential for large-tonnage rare earth element (REE) carbonatites similar to Lynas Corporation (ASX:LYC)’s Mount Weld deposit in Western Australia.
Carbonatites are becoming increasingly important due to potential to host economic quantities of thorium, uranium, niobium, phosphorus and yttrium and rare earth elements which are strategically important for modern technology.
The company has also kicked off site works for drill access, and the geological and geophysical teams are mobilising to site for rock chip sampling and ground magnetics on new recently defined ironstone targets. A field camp has been established for exploration programs.
Final preparations
Lanthanein technical director Brian Thomas observed: “Final preparations for upcoming drilling and field programs are now complete with the heritage avoidance surveys allowing the company to prepare for the arrival of the drill rigs to make the larger breakthrough discovery that could potentially transform the company.
“Additional drilling of the existing discoveries at Lyons 12, 13 and 27, which are around 2 kilometres from Hastings Technology Metals’ Frasers and Simons Find pits will allow the progress to a potential resource estimation.
“Drilling the multiple new ironstone trends under shallow cover only recently identified from our review of geophysics will add significantly to the exploration and resource potential. We are also planning to diamond drill test the magnetic rims of two of the large-scale carbonatites.”