Heavy Rare Earths (ASX:HRE) has announced the latest batch of testing at its Cowalinya rare earth project in the Norseman-Esperance region of Western Australia features the highest-grade assay ever of 0.72%TREO (or 7222 ppm) over 2m.
Heavy Rare Earths says the hole is located 900m west of the Cowalinya South resource and sits amongst a cluster of 10 mineralised holes on two adjacent 400 metre-spaced drill lines.
It also says the rare earth grades exceed the Cowalinya resource grade (625 ppm TREO) in thick intervals of up to 22m in 35 drill holes, with new intervals such as 14m @3217 ppm TREO (32.5% magnet REOs) from 16m.
Heavy Rare Earths' share price hit $0.18 this morning.