Godolphin Resources (ASX:GRL) has announced assay results from 19 diamond cored drillholes at Narraburra intersected significant rare earth element (REE) and rare metal (RM) mineralisation.
Godolphin Resources says 11 drillholes intersected the mineralisation within a previously identified mineralisation envelope, affirming the project's REE prospectivity and potential.
It also says significantly, in terms of the upcoming Mineral Resource Estimate, eight drillholes intersected mineralisation outside the bounds of previously identified REE mineralisation confirming an open system and the potential for a considerably larger REE/RM system.
Godolphin's Managing Director Ms Jeneta Owens says the latest results confirm TREOs are present in the shallower clay and saprock zones, which can lead to near-term, low-cost mining opportunities and expedited extraction to generate potential project funding and offtake interest.