Rare Earth Minerals plc (LSE:REM) announced that Hastings Rare Metals Ltd. (ASX:HAS) has now drilled 29 reverse-circulation drill holes at the Western Australia-based Yangibana North prospect.
Hastings is the operator of Yangibana North, and Rare Earth Minerals owns 30 percent.
As quoted in the press release:
The planned programme involves drilling on nine sections spaced at 50m along the main outcrop of the Yangibana North prospect. Up to five holes will be drilled on each section. Approximately 350m of drilling is required on each of the nine sections, totalling 3,150m. To date 29 holes have been completed totalling 942 metres. The first seventy samples have been despatched to Genalysis in Perth for analysis.
David Lenigas, chairman of Rare Earth Minerals, commented:
REM is pleased with the recent progress made on the Yangibana North project with about a third of the planned drilling programme completed to date. Geological sampling and previous drilling at Yangibana has already identified elevated Neodymium Oxides and Europium Oxides, both of which have been deemed ‘Critical Elements.’
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