ENR 1.01% 50.0¢ encounter resources limited

Ann: Mineralised carbonatites intersected over 3.5km -West Arunta, page-141

  1. 5,343 Posts.
    lightbulb Created with Sketch. 1555
    Mining Rare Earths
    https://unauthorised investment advice/wp-content/uploads/2023/06/2023-06-28-ENR-640x360.jpg
    Three diamond drill holes have all intersected niobium-REE mineralised carbonatites. Pic via Getty Images.
    Encounter surges on 3.5km of mineralised carbonatites at Aileron, sparking plans for more drilling in August
    Mining
    June 28, 2023 | Special Report


    share

    Encounter Resources are on a tear today after the Company revealed the early stages of drilling at its Aileron critical minerals project in the West Arunta had picked up niobium and rare earths in mineralised carbonatites stretching for 3.5km along a regional fault structure.
    Diamond hole EAL001 at the Hoschke target intersected a niobium-REE mineralised carbonatite which returned an assay result from a 24.8m interval of 16m at 0.6% Nb2O5 and 0.2% TREO (including 402ppm Nd+Pr) from 350m.
    But the big encouragement came from two RC pre-collars and diamond holes (EAL007 and EAL008) at the Crean target which stepped out a further 2.0km and 3.5km to the east of EAL001. These two holes contained thicker zones of near surface oxidised and fresh carbonatite that is variably anomalous in niobium and REE via handheld pXRF field analysis.
    Assays on these holes have been expedited and are due back in July-August.
    The main niobium-bearing mineral identified in the carbonatite is interpreted as coarse grained pyrochlore, which is the predominant mineral mined at the world’s three largest niobium mines as well as at red hot WA1 Resources’ Luni discovery in the West Arunta.
    Emerging critical minerals province

    In world-class carbonatite hosted mineral systems – such as Araxá in Brazil, Bayan Obo in China and Mt Weld in Western Australia – it is the near surface oxidation and enrichment of the primary material that produces minable grade and size deposits rather than the primary carbonatite itself.
    So Encounter is preparing to kick off a three-month RC drill program in August which will pattern drill and test for near surface enriched mineralisation at Hoschke and Crean, as well as several other targets, all within about 10km of each other and along major regional structures.
    “The West Arunta continues to emerge as a critical minerals province with the intersection of mineralised carbonatites in three drillholes over a strike length of 3.5km at Aileron,” Encounter Resources (ASX:ENR) MD Will Robinson said.
    “The first hole at Aileron, EAL001, was targeting a high amplitude magnetic anomaly, which it successfully intersected, before also intersecting a niobium-REE bearing primary carbonatite dyke.
    “We were able to get structural measurements from the dyke to confirm it was striking east-west so two additional holes were drilled along the Elephant Island Fault to the east at Crean.
    “Both holes contain zones of shallow oxidised and fresh carbonatite that returned anomalous niobium-REE on a handheld pXRF and the carbonatite units appear to be increasing in width to the east.”
    Drilling results to flow throughout H2 2023

    With only one assay returned from part ofHoschke, assays results for the four RC pre-collars and diamond holes drilled at Crean and one hole Caird remain outstanding.
    And only 25m of the Hoschke hole was sent for priority assay, meaning the remainder of the hole is outstanding, including a 180m interval of hydrothermal magnetite with potential for others forms of mineralisation that was intersected from 150m depth.
    A heritage survey is commencing at Aileron in early July 2023 to support the large RC drill program.
 
watchlist Created with Sketch. Add ENR (ASX) to my watchlist
(20min delay)
Last
50.0¢
Change
0.005(1.01%)
Mkt cap ! $225.9M
Open High Low Value Volume
51.5¢ 53.0¢ 49.0¢ $580.8K 1.145M

Buyers (Bids)

No. Vol. Price($)
2 56113 50.0¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 18000 1
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
ENR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.