“Two further RC pre-collars and diamond holes (EAL007 & EAL008) were completed at Crean,stepping out a further 2.0km and 3.5km to the east of EAL001 Both holes contained zones of near surface oxidised and fresh carbonatite that is variably anomalous in niobium and REE via handheld pXRF field analysis 1”
they found a dyke to the west in EAL001 which they follow to the main Carbonatite plug to the east in EAL007 & 8.
they also state that there is Niobium in the oxidised layer.
they go on to state that the oxidised layer (which accounts for the high grades at WA1 is the behind the enrichment at Araxa and Mt Weld.
My read is that they have all the ingredients for another global scale find.
ENR Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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