Hastings Technology Metals Limited (ASX:HAS) advises that assay results were received from its major 2017 drilling programme, mainly at two new targets, Yangibana and Simon’s Find (see Figure 1 in the link below). Both are held 100% by Hastings and neither was included in the Company’s July 2017 JORC Resources.
Both have very high ratios of Nd2O3+Pr6O11:TREO. Neodymium and praseodymium are the primary rare earths of Hastings and these are significant discoveries.
The Yangibana prospect lies within Mining Lease M09/165 and was briefly drill-tested in 2015. Subsequent mapping and rock chip sampling established the potential for economic rare earths mineralisation over approximately 2.0km of strikelength within the ML, despite the narrow width of the structure at surface.
111 reverse circulation (RC) holes (6,500m) and 3 diamond drillholes (249.4m) were drilled during the recent programme, testing 1.95km of strikelength of discontinuously outcropping ironstone.