Historical drill data from the recently acquired Ashram Rare Earth Element deposit has confirmed a mineralised system of "monstrous" proportions, solidifying Mont Royal Resources’ (ASX:MRZ) position as a major player in the critical minerals sector.
Located in the Tier-1 jurisdiction of Northern Quebec, the legacy data reveals why the project has become the cornerstone of the company’s recent ASX re-listing.
The standout feature of the historical data is a "monster" intercept measuring 392.8 metres at a grade of 2.12% REO.
To provide context, this continuous mineralisation spans the length of nearly four football fields.
The hole remained mineralised for its entire depth, bottoming out in high-grade material and suggesting the deposit extends deeper than initially mapped.
Further summer campaigns reinforced this consistency, returning high-grade hits such as 45m at 2.44% TREO and 129.5m at 2.07% REO.
These historical building blocks have culminated in a massive mineral resource estimate totalling 204.3 million tonnes.
The current resource comprises an indicated category of 73.2 Mt at 1.89% TREO and an inferred category of 131.1 Mt at 1.91% TREO.
At the time of reporting, Mont Royal Resources’ share price was $0.16.