Results received from a further 5 holes in the Southern Rare Earth Zone include:
NRC079: 34m at 3.79% REO from 22m and 81m at 4.04% REO from 84m to EOH
NRC080: 180m at 2.43% REO from surface to EOH including: 26m at 5.44% REO from surface
NRC082: 120m at 3.02% REO from surface to EOH including: 24m at 4.85% REO from 68m
These holes are from an infill drill traverse and confirm the continuity of higher grade rare earth enrichment from surface in deeply weathered zones of the carbonatite. Mineralisation still remains open to the north, south and with depth. Results continue to demonstrate that Ngualla is one of the largest and better grade new rare earth discoveries of recent years. Drilling on site is well advanced and a maiden JORC resource will be released in the first quarter of 2012.
PEK Price at posting:
30.4¢ Sentiment: Hold Disclosure: Held
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