Ann: Large-Scale Rare Earth Element Mineralisation at Doradilla, page-9

this is all over * im astounded its not holding...
and its cashed up

SKY METALS (ASX:SKY)

SKY has re-assayed a bunch of old drill core for rare earths, uncovering thick, widespread REEs at all three tin deposits at the Doradilla project in NSW.

Drilling highlights like 33m @ 4981ppm (0.50%) TREO from 15m — including 12m @ 8781ppm (0.88%) TREO from 25m – remain open in multiple directions.

The results suggest that there are multiple kilometres of shallow REE mineralisation over the total 16km strike length of the so-called DMK system – the majority of which remains untested for REE.

Further REE assaying of samples from historic drilling at Doradilla will be completed to develop and evaluate the extent of the REE mineralisation rapidly and cost-effectively.

Drill planning is being expedited and preliminary metallurgical testwork has commenced.

“The discovery of REE mineralisation at Doradilla further demonstrates what an extraordinary and unique system SKY is exploring at Doradilla,” SKY CEO Oliver Davies says.

“The scale of mineralisation of the DMK system is already remarkable, at over 16km long, it has the potential to develop into an extremely large source of REE, particularly with the valuable Nd + Pr + Dy + Tb representing over 20% of the TREO on average and up to over 40% in some intervals.”