Mitre Mining Corporation Limited announce that it has achieved significant inroads on the exploration program of work over the Batemans Project (EL9146). Over 2,700 portable XRF (pXRF) readings incorporating 39 different elements (>105,000 data points) have been acquired to date across the Batemans Project (EL9146). Over 420 pXRF samples returned Total Rare Earth Oxide (TREO) results >500ppm based on five elements (La, Ce, Pr, Nd and Y) of the 17 rare earth elements (which are classified as the 15 Lanthanides + Scandium + Yttrium).

The highest TREO result recorded to date was 2,218 ppm. Full suite analytical results will be acquired for some higher-grade zones to capture the other 12 REEs not picked up by the portable XRF (operational constraint of the pXRF). The plotted analytical results for the TREOs revealed significant geochemical trends with the TREOs associated with extensive alteration zones and major faults, which have been observed from mapping along the margins of the granodiorites.

Multiple anomalous zones have been traced for strike lengths greater than 4km and up to 800m wide, potentially even more extensive. To obtain bulk samples and further characterisation work, trenching (costeaning) will commence across the higher-grade zones. Some broad N-S trends associated with higher grade TREO readings within the granodiorites were observed and are considered to support the significant degree of chemical fractionation within the granodiorites.

Silver (Ag) results were also widespread, associated with the major granodiorites, adjacent metasedimentary units, the alteration zones and major fault areas (dilational zones). The highest result recorded to date was 54 ppm (g/t) and 451 samples returned a silver value of 7 ppm (g/t) or greater.