Yes, we're off to a very promising start:The Company has now...

Yes, we're off to a very promising start:

The Company has now received these assay results and can confirm that there is significant REE mineralisation potential at Quicksilver. Furthermore, the REO grades are comparable to those reported as typical for IAC deposits in China (between 0.05% to 0.2% REO). The best results of 1m @ 1.06% TREO from 57m and 1m @ 0.67% TREO from 8m are considered high-grade. The Light Rare Earths Elements (“LREE”) Cerium (“Ce”), Lanthanum (“La”), Neodymium (“Nd”), Praseodymium (Pr), Samarium (“SM”) and Yttrium (“Y”) are the most prevalent REEs in the assay results. (p.3)

Lots more to be done, but nothing 'cowboy' here:

An important component to the economics of IAC REE deposits is the amount of REEs that are loosely bounded to the clay which can be liberated using a weak solvent at atmospheric pressure and temperature (the easily liberated REEs are often referred to as ionic). This testing has not yet been completed by the Company so it cannot determine whether the REE mineralisation encountered is ionic or not. The Company is planning to conduct this testing as part of the Stage 3 Met programme scheduled for late next month.

A further 99 pulps have been submitted for REE analysis by fusion assay with ICPMS finish, where initial acid digestion assay results were > 500ppm Ce2O3. So we wait on those results and, dependent on them, have still further resource drilling pulps currently in storage to submit for REE analysis.

All early days, but so far so good.