Lanthanein Resources acquires ground next to significant REE drill hits
October 05, 2023 at 02:41 pm EDT
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Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF) technical director Brian Thomas tells Proactive the company has applied for additional tenure to the east and north of two reconnaissance roadside aircore drill holes that returned significant assays targeting rare earth elements (REEs) in the shallow Loxton Parilla Sands at the Murraydium Project in South Australia. The application for the new exploration licences follows the recent receipt of assay results from the roadside drilling program at Murraydium. The drill program targeted ionic clay-hosted rare earths within the Loxton-Parilla Sands unit which are present throughout the Murray Basin in South Australia and Victoria.
Thomas said: “As a result of the significant assay results received from the roadside drilling program immediately adjacent to the eastern boundary of the Bordertown Block at the Murraydium Project in the South East of South Australia, we have applied for tenure to the east and north of those drill hits.
“These significant results once again confirm the exciting exploration opportunity in the region for ionic clay hosted rare earth deposits as evidenced by AR3 who have outlined an extensive mineralised system at Koppamurra where shallow near surface exploration has delineated a recently upgraded JORC Resource of REEs.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Lanthanein Resources Ltd is an Australia-based mineral exploration company with a focus on the discovery of critical minerals of rare earth elements in tier 1 mining jurisdictions of Western Australia and South Australia. The Company's projects include Gascoyne, Murraydium, Mt. Clere and Koolya. The Gascoyne Rare Earth Elements Project is exploring for light rare-earth oxide's of Neodymium and Praseodymium that are critical to the production of permanent magnets. The Lyons Rare Earths Project is located in the Gascoyne Region of Western Australia. The Murraydium Project is located in the south-eastern region of South Australia with EL 6717 covering an area of over 872 square kilometers (km2) of the Murray Basin. The Mt Clere Project is a significant area in the eastern Gascoyne Province prospective for rare earths and lithium pegmatites. The Koolya High Purity Alumina (HPA) Project covers over 240 km2 prospective for bright white kaolin and HPA is located 460 kilometers east of Perth.