Pensana Metals Ltd (ASX: PM8) has received further high-grade rare earth oxide (REO) results from drilling at the Longonjo Neodymium–Praseodymium (NdPr) Project in Angola.
These results are the final assays from a 108-hole drilling program in 2018 with a revised resource estimate scheduled for completion next month.
Best results include:
- 50 metres at 5.63% REO, including 1.00% NdPr oxide from surface to end of hole;
- 33 metres at 5.42% REO including 0.88% NdPr from surface;
- 10 metres at 8.5% REO including 1.5% NdPr from 38 metres; and
- 26 metres at 2.57% REO including 0.92% NdPr from 22 metres and 15 metres at 2.88% REO including 1.03% NdPr from 60 metres to end of hole.
Thick zone of rare earths
The new intersections identify a thick zone of NdPr oxide enriched mineralisation, particularly in the hole with two intersections where NdPr makes up 36% of total rare earths.
“Highest grade received to date”
Pensana executive director Dave Hammond said: “These high-grade NdPr intersections are some of the thickest and highest grades received to date.
“They occur over substantial widths from surface and will extend the high-grade mineralisation in a number of directions.”
Utilising all results from the 2018 drilling program, SRK Consulting (Perth) will now complete a revised mineral resource estimate.
- Jessica Cummins