Caprice Resources Limited Announces Mukinbudin Ree Project Exploration Update
During the reconnaissance program, 37 grab samples were taken from available exposures across the 8 pegmatites. Whilst the assay results from the samples did not return material grades of rare earths, the results are suggestive of possible pegmatite fractionation with significant variable K/Rb ratios highlighting the potential for REE enrichment. Whilst positive, with key anomalous pathfinders (Rb, Cs and Nb) across the eight bodies, significant mapping and sampling is required to confirm the type of scale of the pegmatite bodies. Details of the grab samples are provided in. A follow up fieldwork program has commenced. The primary aim of this program is to undertake detailed mapping and sampling, with a view to understanding the mineralogy and compositional changes within the different zones of the pegmatites. This will give key insights as to the prospectivity of the pegmatites and their potential to host REEs. In addition to reviewing the known pegmatites, reconnaissance work will focus on identifying additional unmapped pegmatites.