A Significant Rare Earth Soil Anomaly at the Arkun Project
Highlights:
Rare Earth Element anomalism of up to 5,880 ppm (0.59%) Total Rare Earth Oxide (TREO+Y) and Nd+Pr of up to 21% has been returned from soil sampling at the Arkun Project.
The anomaly covers at least a 3 km2 area at greater than 1,000ppm TREO and is open along strike to the northwest and southeast.
The soil anomaly is developed in weathered granite and is a prime target for a large clay-hosted REE deposit. The granite covers a further area of about 170 km2 which has yet to be explored.
Another new prospect, Swordfish, and the previously identified Horseshoe prospect attest to the significant prospectivity for REE mineralisation across the Arkun project.
Early drilling and bulk sampling for metallurgical test work is planned for the next two Quarters.
IPT Managing Director, Mike Jones has worked on over 80 projects both in greenfields and near mine exploration in a wide variety of mineralised terrains and was the founding director of Lithofire Consulting Geologists in Perth, Australia. He was also the team leader during the discovery of a significant gold deposit at the Higginsville Mining Centre, near Kalgoorlie and an iron ore deposit near Newman, both in Western Australia... Read more...
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