SECOND DEEP DRILL HOLE INTERCEPTS 1,000 METRES OF MINERALISATION GRADING 2.6% TREO
Retrieved on:
Monday, September 18, 2023
SYDNEY, Sept. 17, 2023 /PRNewswire/ -- Lindian Resources Limited (ASX:LIN) ("Lindian" or "the Company") is pleased to advise of the receipt of assay results from KGKDD009, the second of two holes in the Phase 2 depth extension exploration drilling program, and drill hole KGKRCDD083, at the Kangankunde Rare Earths Project, Malawi.
Key Points:
- 1,000 metres at 2.6% TREO in KGKDD009 with multiple standout intercepts including:
805.26 metres @ 2.90% TREO from 152.85 metres, including
652.41 metres @ 3.0% TREO from 347.59 metres to end of hole (EOH), ~700 metres below base of current resource estimate, including
In addition to the results from the second deep drill hole, assay results have been received for KGKRCDD083 of 325 metres @2.49% TREO and averaging ~20% NdPr; this has provided valuable information on the undrilled western boundary of the carbonatite, showing that mineralisation extends further west than originally thought (see figure 3)
Update on Kangankunde Stage One Project workstreams are pending. - We are well into this workstream and will report on results as we update shareholders on mine development."
- Lindian's Chief Executive Officer, Alistair Stephens commented: "These assays from the second deep drill hole reinforce all of Kangankande's key characteristics – high grade mineralisation consistent across very thick intercepts, a favourable NdPr ratio and a non-radioactive concentrate for transportation.
- A standout from this hole is the very high grade mineralisation at depth, and the fact that the hole ended at 1,000 metres in mineralisation exceeding 3.2% TREO; This adds to Kangankunde's potential scale and the quality of its mineralisation.