Namibia Rare Earths Inc. (TSX:NRE, OTCQX:NMREF) announced that they intersected two new mineralized zones in Area 6 and one new zone in Area 5 at their Lofdal Rare Earth Project in northwestern Namibia.
As quoted in the press release:
- 0.70% TREO over 31.0 meters with 9.5% HREE enrichment from Area 6 (including 1.12% TREO over 15.0 meters with 8.2% HREE enrichment)
- 0.66% TREO over 35.0 meters with 9.3% HREE enrichment from Area 6 (including 1.49% TREO over 10 meters with 7.5% HREE enrichment)
- 0.42% TREO over 76.0 meters with 13.3% HREE enrichment from Area 6 (including 1.06% TREO over 8.0 meters with 8.7% HREE enrichment)
- 0.30% TREO over 39.0 meters with 21.3% HREE enrichment from Area 5
Namibia Rare Earths’ President, Don Burton, said:
Area 6 continues to provide encouraging results over a very large area and while the levels of 10-25% heavy rare earth enrichment1 are lower than what we have in Area 4, this is still a heavy enriched zone with potential for much higher tonnage. It is a completely different mineralizing system than what we have drilled off in Area 4.