Auric Mining (ASX:AWJ) has reported the final results for recently completed drilling at the Chalice West project in Western Australia, containing widespread, thick clay-hosted rare earth element (REE) mineralisation.
Auric Mining says significant new intersections include: 6m at 1,583 ppm TREO (30.6% MREO) from 56m, including 1m at 3,323 ppm TREO in one hole, and 14m at 712 ppm TREO (25.1% MREO) from 32m in another.
Its Managing Director Mark English says the results from its first drilling program are outstanding: "The shallow extensive REE-in-clay results have resulted in three zones being identified, the largest corresponding with a 7km long magnetic feature.
There is a lot more work to be done, particularly to close the spacings in the 7km system, drill the prominent magnetic feature at the centre of the project (and) expand the drilling in the NW and southern parts of the (408?) project."