Regarding REE, I found this. Thought it had been a while since Cobra, our JV partner at Wudinna, had done some drilling. Maybe JM was alluding to this instead of Rare Earths being mixed in with our kaolin/Halloysite.
Wudinna Project Update Initial Gold and Rare Earth Results: Significant zone of gold mineralisation defined at Clarke.
REE mineralisation confirmed above gold mineralisation. Cobra, a gold exploration company focused on the Wudinna Gold Project in South Australia, announces initial gold results from the first five holes from the Company's recent 14 hole phase of Reverse Circulation ("RC") drilling on the Clarke prospect.
The Company has intersected a broad zone of mineralisation, confirming the orientation of mineralisation and demonstrating the potential for a significant gold mineral system at Clarke. Furthermore, re-analysis of previous samples defines a broad zone of elevated Rare Earth Elements ("REE") overlaying the intersected gold.
Highlights: · CBRC0043 intersects 96m at 0.55 g/t gold from 30m including 20m at 1.5 g/t gold from 88m · CBRC0042 intersects 19m at 0.79 g/t gold from 83m including 5m at 2.62 g/t gold from 95m · Gold mineralisation is associated with diorite granitic alteration - the broad halo of mineralisation confirms the potential for a significant gold mineral system at Clarke · Re-analysis of the saprolite horizon at Clarke within CBRC009 (which was drilled in 2020 and intersected 31m at 3.06 g/t gold from 69m) to test for Rare Earth Elements, defines: o 20m at 550.5 ppm Total Rare Earth Oxides ("TREO") from 30m including:- 8m at 874.8 ppm TREO from 31m ·
The presence of elevated REEs within the saprolite zone, proximal to gold mineralisation, presents a complementary value-add opportunity to considerably increase the Company's mineral resources and improve development economics · REEs are elevated in valuable 'magnet' elements'* and equate to 26% of the TREO within the reported intercept · Results are pending for an additional nine holes totalling 1,372m
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