- Mount Ridley Mines (ASX:MRD) reports assay results from the October 2023 drilling program at its Mia prospect
- Mia is the most advanced of eleven prospects at its namesake project in WA
- Infill drilling initiative comprised 155 aircore holes at the central Mia prospect, covering a 27 square kilometre area
- Geological modeling for a maiden mineral resource estimate is in progress with an expected release by the end of Q1 2024
- MRD last traded at 0.2 cents
Mount Ridley Mines (ASX:MRD) has reported assay results from the October 2023 drilling program at its Mia prospect, the most advanced of eleven prospects at its namesake project in Western Australia.
“The new drilling intersections provide a higher level of confidence with respect to the continuity of mineralisation between adjacent high-grade REE holes,” MRD Chair Peter Christie said.
“The project continues to advance rapidly with each set of new results adding valuable information as we work towards our maiden mineral resource estimate for the central zone of the Mia prospect.”
The infill drilling initiative comprised 155 aircore holes at the central Mia prospect, covering a 27 square kilometre area.
High-grade (>1000ppm) TREO intersections are delineated by an aeromagnetic survey and traced along a sinuous geological structure.
Drilling intersections included 10 metres at 3330 ppm TREO from 15 metres, 16 metres at 2718 ppm TREO from 15 metres and nine metres at 2194 ppm TREO from 21 metres.
The mineralisation at Mia extends eight kilometres, open to the northeast and southwest, with grades often surpassing 1200ppm TREO.
Geological modelling for a maiden mineral resource estimate is in progress with an expected release by the end of Q1 2024.
MRD last traded at 0.2 cents.