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Pensana Rare Earths announces first drilling results

The date of: 2020-12-29
viewed: 1

source:Global Mining Review

The first results from Pensana Rare Earths’ 7500 km2 Coola Project,16 km north of Longonjo, have reported high tenor soil anomalies up to 4.69% REO extending over the 1.3 x 1.4 km Coola carbonatite.

The highest REO values lie over the 3.2 km perimeter of the out-cropping circular carbonatite dyke.

The company plans to drill test these defined targets in 2021.

Further assay results are expected shortly from soil sampling completed over the Monte Verde alkaline complex.

Chief Operating Officer, Dave Hammond, commented: “These high-grade rare earth assays are a great start, from what is only the first of several exploration targets for critical technology metals identified within the new Coola Project.

“Results confirm a rare earth mineralised carbonatite at Coola that is now sufficiently well-defined for drill testing.

“Drilling will also determine if rare earth mineralised carbonatite lies beneath the soil cover in the central part of the 1 km dia. volcanic pipe.

“We welcome Grant Hayward as Exploration Manager. Grant is an accomplished economic geologist and manager with extensive experience in the exploration for and evaluation of rare earth and associated commodities. He has been involved with the evaluation of carbonatites in several African countries.

“He has lead several resource definition programmes to NI43-101 compliant resources including the Zandskopdrift rare earth carbonatite project in South Africa.

“Grant was on site at Longonjo recently to supervise the bulk sample drilling programme and is exceptionally well qualified to lead the geological team in Longonjo development works and Coola exploration going forward.

“It is great to have Grant join us and lead the team going forward with his extensive experience in the evaluation of rare earth deposits and a whole range of other commodities.”



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