HIGHLIGHTS
Surface samples were taken specifically to refine the Company’s understanding of granite/dyke contact zones identified by geochemical and geophysical analysis previously completed. As mineralisation has been established in the Pelops zone, the purpose of this exercise was to confirm anomalous mineralisation exists in additional zones, prior to the definition of priority drill targets.
Approximately 7 km2 of the 15 km2 E 09/2377 tenement has now been geologically mapped.
Reach CEO, Jeremy Bower stated,
“These latest surface sample results have certainly enhanced our confidence at Wabli Creek. The key for the exploration team has been to understand and try and replicate the Pelops Prospect, where rock chip samples from bedrock have returned assays up to 17.65% Nb2O5.
Our exploration team led by Nick Revell and Principal Geologist, David Tsiokos, now have a strong understanding regarding the genesis of mineralisation which has enabled them to confirm drill ready targets. The confirmation of anomalous mineralisation in other zones in addition to Pelops is the final confirmation we needed to de-risk the next stage of exploration.
Not only is there the potential for niobium and titanium but also significant levels of magnetic REE particularly neodymium and praseodymium. Of major importance is the thesis that the central alkaline granite is host to much of the rare earth mineralisation, in addition to its contact with the N-S trending dykes. This provides a much larger target area which is very exciting”
Leave a Reply