Outcrop over the Longonjo carbonatite is sparce but the residual soils are relatively thin enabling effective first pass exploration. Field work completed to date over the carbonatite by Aurum Exploration Services, has included geochemical soil sampling, pitting and trenching programs. This has resulted in:
the identification of a large +0.5% total rare earth oxide (TREO) soil anomaly covering most of the carbonatite – an area 3.5km by 1.7 kilometres;
67 surface outcrop chip samples and 30 pits on the carbonatite returned values up to 18.9% TREO with an average grade of 2.43%TREO and median grade of 1.71% TREO; and
Limited trenching returned a best interval of 17 metres @ 3.73%TREO and 19 metres @ 3.54% TREO
PM8 Price at posting:
$1.39 Sentiment: Hold Disclosure: Held