Diamond Drilling Commenced at Yin Rare Earth Discovery
Diamond drilling has commenced at the 100% owned Rare Earth Element (“REE”) bearing ironstones and carbonatites at Mangaroon.
- The program has started with twinned quality assurance/control (“QAQC”) and additional metallurgical holes across both the oxide and fresh ironstones (19 holes, ~1,800m). Thereafter, deep extensional holes will be drilled under the thickest ironstone intercepts to date (8 holes, ~2,200m) to test the fresh ironstones at >200m depth.
- Drilling is expected to take 2-3 months to complete with results expected by November 2022.
- Infill RC drilling at Yin is nearing completion and continues to support the delivery of an initial JORC Resource to be released in the December 2022 quarter.
- Discovery focused RC drilling at Y3 is expected to commence in August 2022. Drilling of the five carbonatite targets (C1-C5) is expected to commence in early September 2022.
Diamond drilling has been designed to twin existing holes for QAQC and additional metallurgical sampling as well as drill deep extensional holes to test the thickest parts of the REE ironstone past 200m depth.
All this drilling will be incorporated into the initial JORC Resource for the Yin ironstone to be released in the December 2022 quarter.
Managing Director, Dean Tuck said producing diamond core is always an exciting development as exploration programs advance.
“Producing diamond core is always an exciting development as exploration programs advance. We look forward to producing the core required to increase confidence in our JORC resource at Yin as well as providing additional samples for further metallurgical test work and extending the fresh ironstone at depth. With the RC rig maintaining a steady pace, we look forward to informing the market when drilling at Y3 has commenced and providing updates on the diamond drilling over the next couple of months.”
Photo of the Hagstrom diamond drill rig set up at the Yin REE prospect at the start of day shift.