Mitre Mining Corporation Limited has announced that it has achieved significant inroads on the exploration program of work over the Batemans Project (EL9146).
Clinton Carey, Mitre Mining CEO, says,
"The field teams have worked systematically to map and sample the exploration area. The Company has gathered a comprehensive suite of exploration data from which to make more detailed, future exploration decisions. Results to date have shown that the Batemans Project has significant rare earth occurrences and strong silver showings. The next stages of work will further investigate the major structural and alteration zones known to be associated with rare earths and possible gold, silver, and base metals."
In a statement issued by the company they say:
Over 2,700 portable XRF (pXRF) readings incorporating 39 different elements (>105,000 data points) have been acquired to date across the Batemans Project (EL9146). Over 420 pXRF samples returned Total Rare Earth Oxide (TREO) results >500ppm based on five elements (La, Ce, Pr, Nd and Y) of the 17 rare earth elements (which are classified as the 15 Lanthanides + Scandium + Yttrium).
The highest TREO result recorded to date was 2,218 ppm.
Full suite analytical results will be acquired for some higher-grade zones to capture the other 12 REEs not picked up by the portable XRF (operational constraint of the pXRF). The plotted analytical results for the TREOs revealed significant geochemical trends with the TREOs associated with extensive alteration zones and major faults, which have been observed from mapping along the margins of the granodiorites.
Multiple anomalous zones have been traced for strike lengths greater than 4km and up to 800m wide, potentially even more extensive. To obtain bulk samples and further characterisation work, trenching (costeaning) will commence across the higher-grade zones.
You can read the FULL STATEMENT HERE
