Peak Resources Limited Announces Assay Results from Ngualla, Including 120m at 4.57% REO

Peak Resources Limited (ASX:PEK, OTCQX:PKRLY) announced final assay results for their Ngualla Rare Earth Project.

As quoted in the press release:

The 13,600m of drilling completed in 2012 will allow for the estimation of a large Measured Mineral Resource and provide the definition required for a detailed mine plan and schedule for the project. Some newly defined high grade zones were not identified by drilling used to complete the maiden Mineral Resource announced in February 2012 and are therefore expected to increase the amount of high grade mineralisation within these parts of the deposit.

To view the whole press release, click here.