Australia's Vital intersects 'outstanding' rare earth intervals at Nechalacho
(Kitco News) - Vital Metals (ASX:VML) announced today that it has received outstanding first pass assay results from the Tardiff Zone 1 within its 100%-owned Nechalacho rare earth project, Northwest Territories, Canada.
The company said that large intersections of total rare earth oxides (TREO) grades above 2% TREO intersected at Tardiff Zone 1 with all holes hitting mineralisation. Thicknesses is in excess of 60m in width and with grades up to 13.8% intersected, demonstrating the world class potential of the Nechalacho rare earth deposit.
Best results from Zone 1 include: 31.8m at 4.35% TREO from 11.5m including 6.9m at 13.78% TREO, 60.9m at 1.92% TREO from 11.4m, 40m at 2.54% TREO from 16m, 25.8m at 2.56% TREO from 15.3m, and 13m at 3.12% TREO from 36m including 4m at 7.06% TREO.
The company also noted a high value Nd/Pr content of rare earths, which is estimated at an impressive level of 24.2% TREO. Zone 1 remains open in all directions with highest grade hits on southern margins of current drilling. Current results will form part of new resource upgrade to be part of Stage 2 Expansion Plans at Nechalacho, Vital explained.
Managing director Geoff Atkins said, "The first results of this drilling program have exceeded our expectations of the higher grade bastnasite dominated rare earth zones in the Tardiff Zone. With mining activities currently underway at Stage 1, the results of this drilling program confirm the enormous potential for Tardiff Zone 1 to be the foundation of our Stage 2 expansion plans."
Vital Metals is an explorer and developer focussing on rare earths, technology metals and gold projects. The company's projects are located across a range of jurisdictions in Canada, Africa and Germany.