Clean TeQ Holdings Reports 20 Meters at 606 PPM Scandium at Syerston

Clean TeQ Holdings (ASX:CLQ) has reported that results of recent drilling by Ivanplats Syerston has “revealed exceptional scandium grades” at its Syerston project.

As quoted in the press release:

Best Intersections from the Ivanplats August 2014 drilling program include:

– Hole SRC1272 20m @ 606ppm (6 to 26m) inc: 4m @ 921ppm Sc

– Hole SRC1275 16m @ 541ppm (6 to 22m) inc: 4m @ 922ppm Sc

– Hole SRC1276 16m @ 605ppm (2 to 18m) inc: 4m @ 928ppm Sc (and/or 2m @ 1070ppm Sc)

(Calculated with 300ppm cut-off – Borate Fusion Sc analysis)

The scandium levels are considered very high and are quite shallow, being primarily contained in a laterite soil developed over ultramafic rocks. The laterite also contains significant nickel and cobalt mineralisation, which has been the primary focus of previous development studies.

John Carr, head of Clean Teq’s metals division, said:

The drill results confirm that the Syerston project is a rare geological anomaly, hosting some of the highest naturally occurring grades of scandium mineralisation in the world. As a rare earth mineral with significant functional properties for the next generation of light weight industrial alloys and fuels cells, our focus will be to apply Clean TeQ’s intellectual property and extensive experience in hydrometallurgical extraction of scandium to build a long-term and stable source of mineable scandium.

Click here to read the Clean TeQ Holdings (ASX:CLQ) press release