The samples were collected earlier this year to assist with Geochemical Footprint Modelling of the gold and copper potential at Mt Cattlin (1). Ongoing evaluation of the data, further sampling and additional assay is underway, however the Company believes that the REE mineralisation may be associated with carbonatite intrusives within the multi-phase Mt Cattlin intrusive complex. This view is supported by the previous observation of fenite alteration in drill holes and mapping, with this type of alteration typically found on the margins of carbonatite intrusives (2).
The REE geochemical results, depicted as TREO (Total Rare Earth Oxide), highlight anomalies predominantly in the north-east trend, partly coincident with mineralised structures and the buried goldcopper targets which have been the focus of Traka's previous exploration (Figure 1). All the anomalies occur with the boundaries of the multi-phase and strongly hydrothermally altered intrusive complex. Additional sampling for REE, including air-core drilling of the anomalies, is currently being considered to obtain profile data through the ionic clay potential in the weathered regolith zone. In addition, two deep diamond drill holes are planned to test the bedrock core of the intrusive complex. These deep diamond holes will test the positions of the buried gold-copper intrusives previously highlighted, as well as providing the opportunity to test for REE-rich carbonatite intrusives.
An EIS (Exploration Incentive Scheme) cofunding grant of
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The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr P Verbeek who is the Managing Director of
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