Lanthanein Resources Ltd (ASX:LNR) is seeking another breakthrough at its Lyons Rare Earths Project in Western Australia after completing a 9,635-metre reverse circulation (RC) drill program aimed at discovering high-grade rare earth (REE) mineralisation.
The 94-hole campaign targeted new outcropping ironstones generated by airborne geophysical magnetics and radiometrics imagery as well as previously drilled holes to follow up on strong results from Lyons 12 and 13 to assist with an initial mineral resource estimate.
Additionally, two deep EIS co-funded holes were drilled to a depth of 450 metres to test the rims of larger carbonatite-intrusive targets.
Interpreted intrusives with ironstones highlighted in red and drill hole locations from the recent campaign in yellow.
Hoping for transformation
Lanthanein technical director Brian Thomas said: “The finalisation of drilling on new outcropping ironstone trends is a very exciting time for Lanthanein."
“The drilling of these new discoveries is the result of the geological team’s growing understanding of the rare earth mineralisation controls within the Gifford Creek Carbonatite complex.
“Assays from this program could provide a breakthrough discovery that could potentially transform the company.
“We look forward to moving to a mineral resource estimate on the high-grade outcropping ironstones at Lyons 12 and 13, which are approximately 2 kilometres from Hastings Technology Metals’ Frasers and Simons Find pits and updating the market with results as drilling progresses.”
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