Looking forward to see $0.10 !! Eclipse Metals encouraged by...

Looking forward to see $0.10 !!

Eclipse Metals encouraged by early rare earth element results from drilling at Ivigtût Project in Greenland

Last updated: 11:06 26 Jun 2023, First published: 16:30 28 Jun 2022
Snapshot

• Eclipse Metals buoyed by rare earth findings at Ivigtût’s Grønnedal prospect in Greenland
• Uranium makes its return
• Eclipse Metals encouraged by REE indications in Greenland

About the company

Eclipse Metals Ltd (ASX:EPM) is focused on exploration in south-western Greenland and Australia's Northern Territory and Queensland for multi-commodity mineralisation.

The company has a large portfolio of assets prospective for cryolite, fluorite, siderite, quartz, rare earth elements, gold, platinum group metals, manganese, palladium, vanadium and uranium mineralisation.

Eclipse aims to increase shareholders’ wealth through capital growth by exploring and developing viable mineral deposits to generate mining or joint venture incomes.

How it is doing

21 Jun 2023
Eclipse Metals Ltd (ASX:EPM) is galvanised by mineralogical findings at its Grønnedal rare earths prospect within the Ivigtût Project in Greenland, where analysis has revealed a composite ferro-carbonate mineral containing elevated medium to heavy rare earths.

Recent mineralogical work and percussion drilling focused on pink-orange minerals over a 1.5-kilometre by 3-kilometre area on the broader Ivigtût asset, which has the potential to host several critical mineral commodities.

Eclipse first took the mineralogical microscope to Ivigtût in 2021, concluding there was scope for several elements, including rare earths. Fast forward to today, and three of the four Grønnedal rock samples examined at the CSIRO have confirmed rare earth minerals.

Drill and trench samples (collected at Grønnedal and the broader Ivigtût project late last year) are being analysed by an Australian lab, with results due in the next few weeks.

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08 May 2023

Eclipse Metals Ltd (ASX:EPM) is eager to advance the multi-commodity Ivigtût Project in southeastern Greenland after delivering samples from a maiden percussion drilling and trench sampling program to a laboratory in Perth, WA.

Lab results are expected to be received in June, followed by a comprehensive resource assessment after the initial chemical analysis of the samples.

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20 Apr 2023

Eclipse Metals Ltd (ASX:EPM) has gained access to the historical drill core from Exploration Drillhole A (Hole A), which was drilled vertically into the centre of the Ivigtût multi-commodity deposit in Greenland in 1948.

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Insight: Uranium makes its return


12 May 2023
Though 2023 has been called on more than one occasion “the year for uranium”, it nevertheless remains in public consciousness a commodity of some controversy.

History is dotted with nuclear-related incidents — Chernobyl, Fukushima, the Kyshtym disaster — and it’s these moments that spring to mind when we think of uranium. But that is perhaps a testament more to the rigidity of human memory than anything else.

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What management says

30 Nov 2022

Eclipse Metals Ltd (ASX:EPM) chairman Carl Popal tells Proactive the company is encouraged by early rare earth element (REE) results from a maiden percussion drilling and trench sampling program at the Ivigtût and Grønnedal targets within its southwest Greenland multi-commodity project. Initial XRF analysis of samples recorded in Greenland before shipment to an Australian laboratory returned encouraging values for the high-value REEs praseodymium and neodymium.




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