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Eclipse Metals Ltd (Eclipse or the Company) (ASX: EPM | FSE: 9EU) is pleased to announce drill hole sample assay results for samples from its 2022 maiden percussion drilling program on the Grønnedal REE prospect within its 100% owned Ivigtût multi-commodity project in SW Greenland. Assay results, together with previous geological and geophysical assessments indicate that REE mineralisation at Grønnedal is widespread and deep-seated.
- Maiden drilling program at Grønnedal returns rare earth element (REE) mineralisation for full length of all drill holes
- Drilling results confirm high ratios of up to 50% of praseodymium and neodymium (Pr+Nd).
- Best total rare earth oxides (TREO) assay results from shallow1 drilling program at Grønnedal include:
- from 0.0m - 22m @ 9,052ppm TREO – EOH1 22.0m
- from 0.0m - 20m @ 7,132ppm TREO - EOH 20.0m (60°)
- from 0.0m - 6.0m @ 9,198ppm TREO - EOH 6.0m (34% Pr+Nd in TREO)
- from 0.0 - 1.5m @ 16,586ppm TREO - EOH 1.5m (34% Pr+Nd in TREO)
- from 0.0 - 6.0m @ 8,611ppm TREO - EOH 6.0m
- from 0.0 – 9.0m @ 5,645ppm TREO – EOH 9.0m, including 1.5m @ 5,326ppm TREO 7.5 - 9.0m - EOH (50% Pr+Nd in TREO)
- Assay results recorded low uranium values which are well below the Greenland Government’s recently legislated maximum of 100ppm
- REE mineralisation at Grønnedal is widespread and deep-seated
- Diamond drilling to test Grønnedal depth potential expected in Q4 2023
Executive Chairman Carl Popal commented:
“These initial results from shallow drill-holes at Grønnedal confirm the REE-rich nature of the carbonatite body and indicate the presence of several promising targets from surface which remain open at depth and along strike. The geophysical assessment confirmed the deep - seated nature of the host to this REE mineralisation, suggesting a sizeable REE target. With recent approval of the 2023 Grønnedal diamond drilling program, the company is poised to initiate an in-depth assessment of the REE potential.
The prospective nature of REEs at both Grønnedal and Ivigtût aligns with our strategic goal of developing the project as an asset to be a world-class player in metals and minerals crucial for the green energy industry. Eclipse is dedicated to actively exploring the Grønnedal prospect, as well as the nearby historical Ivigtût pit throughout the course of 2023."
Figure 1. Grønnedal drilling results from the ‘lower section’ with REO mineralisation intersected in all drill holes.
Results in this release relate to 27 shallow percussion drill holes completed at Grønnedal, where all drill holes encountered REE mineralisation from surface to end of hole. Eclipse’s maiden drilling program at Grønnedal has provided a better understanding of the geology and geochemistry of the ground and the holes were generally drilled to blade refusal, with limitation of the drill rig handling the ground conditions. A maximum depth of 22m was achieved in some locations (refer to Table 1). The drilling program was completed in October 2022 with samples shipped from Greenland to Australia for laboratory assessment.
Laboratory results for the initial over-limit values (+1,000ppm) for drillhole samples have now been received following further testing using appropriate methods. The complete REO drilling results for Grønnedal are listed in Table 2.
Click here for the full ASX Release
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EPM:AU
Eclipse Metals
Overview
Eclipse Metals Ltd. (ASX:EPM) is an exploration and mining development company focusing on multi-commodity assets that support the world’s decarbonization goals. The company has a robust portfolio of projects in Australia and Greenland targeting crucial minerals, including rare earth elements (REEs), lithium, zinc, manganese, high-purity quartz, gold, copper, vanadium and uranium.
Governments worldwide have set ambitious goals to reach net-zero emissions in the coming decades, highlighting miners that supply the critical minerals required for low-carbon technologies, which is expected to consume a growing percentage of the world’s total mineral production, with vital elements growing by over 100 percent by 2050, according to the World Bank.
Greenland REE deposits
Eclipse Metal’s flagship asset in Greenland, the Ivigtût project, contains known REE mineralization, industrial minerals and lithium potential.
Multiple academic research and significant rare earths results obtained by Eclipse Metals to date imply that the Grønnedal prospect (located 10 kilometers northeast of Ivigtût) has the potential to contain significant rare earth mineralization. This presence is consistent with other rare earth-bearing carbonatite-syenite intrusive complexes and has elevated ratios in praseodymium (Pr), neodymium (Nd), with enriched in dysprosium (Dy),
zirconium (Zr) and niobium (Nb) — elements that are crucial in the global journey toward a low-carbon, net-zero-emission future. As a mining-friendly jurisdiction, Greenland has an established infrastructure, reducing future development costs.
Additionally, the Ivigtût project contains a high-grade quartz body, a required material for high-end electronics and semiconductors. Eclipse Metals has begun its initial exploration drilling campaign and developed the project’s environmental impact assessment.
Eclipse Metals’ portfolio also includes Australian assets targeting uranium, copper and manganese as part of the company’s mission to support decarbonization. Its Northern Territory and Queensland assets allow the company to capitalize on existing infrastructure and mining-friendly local governments. The company’s uranium assets are in close proximity to other world-class deposits, allowing Eclipse to benefit from existing infrastructure and community support.
A sound management team with decades of experience in the natural resource industry leads Eclipse Metals. The team’s breadth of expertise includes mineral exploration, geology, corporate administration, metallurgy and international trade, creating confidence in the company’s ability to capitalize on its assets.
Company Highlights
- Eclipse Metals is an exploration and mining development company with assets in Greenland and Australia, supporting the world’s decarbonization goals.
- The company’s flagship Ivigtût multi-commodity asset in Greenland exposes the company to REEs, high-purity quartz, and other industrial metals required for emerging technologies.
- Greenland is a mining-friendly yet underexplored jurisdiction, creating tremendous opportunities for the company.
- Eclipse Metals’ portfolio of assets in Australia includes projects in Queensland and the Northern Territory in world-class mining jurisdictions.
- The company has begun its initial exploratory drilling campaign in Greenland and is progressing on the project’s environmental impact assessment for the mining license.
- An experienced management team leads Eclipse Metals with decades of experience in the mining industry.
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Pursuing Multi-commodity Assets to Support Decarbonization