Lanthanein Resources talks outstanding REE results at Murraydium
September 19, 2023 at 02:01 pm EDT
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Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF) technical director Brian Thomas tells Proactive the company has received strong assay results from a roadside drilling program at the Murraydium Rare Earth Elements (REE) Project in southeast South Australia. The campaign targeted ionic clay-hosted rare earths within the Loxton-Parilla Sands formation and the results point towards substantial regional prospectivity. The program consisted of 215 aircore drill holes, totalling 3,709 metres, with 40 holes showing concentrations greater than 500 parts per million (ppm) of total rare earth oxide (TREO) and five exceeding 1,000 ppm TREO.
Thomas said in the market announcement, “We are very excited to finally release the long awaited assay results from the roadside drilling programme at the Murraydium Project in the South East of South Australia.
“These results are the absolute confirmation of the exciting exploration opportunity in a region that is highly prospective for ionic clay hosted rare earth deposits as evidenced by work done in the region by AR3 who have outlined an extensive mineralised system at Koppamurra where shallow near surface exploration has delineated significant JORC Resources of REE’s.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Lanthanein Resources Ltd is an Australia-based mineral exploration company with a focus on the discovery of critical minerals of rare earth elements in tier 1 mining jurisdictions of Western Australia and South Australia. The Company's projects include Gascoyne, Murraydium, Mt. Clere and Koolya. The Gascoyne Rare Earth Elements Project is exploring for light rare-earth oxide's of Neodymium and Praseodymium that are critical to the production of permanent magnets. The Lyons Rare Earths Project is located in the Gascoyne Region of Western Australia. The Murraydium Project is located in the south-eastern region of South Australia with EL 6717 covering an area of over 872 square kilometers (km2) of the Murray Basin. The Mt Clere Project is a significant area in the eastern Gascoyne Province prospective for rare earths and lithium pegmatites. The Koolya High Purity Alumina (HPA) Project covers over 240 km2 prospective for bright white kaolin and HPA is located 460 kilometers east of Perth.