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- iTech Minerals (ITM) gets the final drill results from the Caralue Bluff prospect at the Eyre Peninsula in South Australia
- Results for the remaining 109 drill holes at Caralue Bluff showed further significant intersections of REEs occur within the kaolin-rich weathered horizon over larger areas
- Drill results include eight metres at 1437 ppm total rare earth oxides (TREO) from 10 metres, and confirmed the high-grade nature of clay hosted REE mineralisation across the prospect
- Results from 60 samples from Caralue Bluff are currently undergoing metallurgical test work, with rapid development being made on the results
- iTech Minerals shares are up 8.33 per cent to trade at 39 cents at 10:35 am AEST
iTech Minerals (ITM) has received its final drill results from the Caralue Bluff prospect at the Eyre Peninsula in South Australia.
The company completed a 478-hole drill program in April across four prospects on the Eyre Peninsula in South Australia. The program aimed to test the potential for regolith-hosted ion adsorption clay rare earth elements and high purity kaolin mineralisation.
The fifth batch of drill results for the remaining 109 drill holes at Caralue Bluff, which continued to show significant intersections of rare earth elements (REE) occur within the kaolin-rich weathered horizon over larger areas.
An expansive area of consistent clay hosted REE mineralisation has now been defined over an area of ten kilometres by 9.5 kilometres, which is open in all directions.
Results from the drilling included eight metres at 1437 parts per million (ppm) total rare earth oxides (TREO) from 10 metres, and five metres at 928 ppm TREO from 16 metres.
These results infill and confirm the high-grade nature of clay hosted REE mineralisation across the prospect.
“The Caralue Bluff prospect has now been confirmed as iTech’s most significant occurrence of clay-hosted REE mineralisation within the Eyre Peninsula project,” Managing Director Mike Schwarz said.
“With consistent, shallow and high-grade REE mineralisation over an area of 10 kilometres by 9.5 kilometres it forms a solid foundation to investigate the potential.”
Results from 60 samples from Caralue Bluff are currently undergoing metallurgical test work.
Progress has been delayed due to hold-ups at the commercial geochemical laboratories, however, rapid development is now being made on results.
iTech Minerals shares were up 8.33 per cent to trade at 39 cents at 10:35 am AEST.
