Ann: Award of $200k EIS Funding - Drilling the Lyons Carbonatite, page-2

"Award of $200k EIS Funding Drilling the Lyons Carbonatite Targets
• Co‐funded drilling for two drill holes with WA Government
• Two drill holes are proposed the test the outer magnetic rim of two of the larger carbonatite intrusives at Lyons

Drill testing the Lyons Intrusive Complex and associated Carbonatite Targets will provide comprehensive geologically logged drill chips and drill core, which will be invaluable data for the understanding and testing a new model for large tonnage intrusive REE mineralised carbonatites similar in size and geophysical characteristics to the Mount Weld rare earth element carbonatite.

Deep drill testing to 450m using a combination of diamond and reverse circulation drilling will also provide accurate depths to the geophysical targets. Drill core logging will help to further understand potential overprinting relationships between any alteration and host rock mineralogy, particularly regarding timing of fenitic alteration (incl. magnetite and Th) that are found to be associated with the outer rim of these intrusive bodies (refer to ASX Announcement dated 10 June 2022). Within the Lyons Block and along the Bald Hill Lineament, numerous carbonatite intrusions have been modelled from the airborne magnetics (Figure 3) with a similar dimension to the Mt. Weld carbonatite. Two drill holes are proposed the test the outer magnetic rim of two of the larger carbonatite intrusives including LI‐03 at 3km diameter and LI‐01 at 4km diameter. "


I think we found out the reasons for hole in your area "3" Saltpetie, we didnt have to pay for it!!!

And love the Mt Weld analogy, see LYC if your not clear on that...

Awesome news...

TCG