News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Resource Base (ASX:RBX) sees widespread clay horizons

The date of: 2022-08-11
viewed: 3

Resource Base (ASX:RBX) sees widespread clay horizons at Mitre Hill as rain pushes drilling back


Mineral exploration company Resource Base (RBX) has completed the first round of step out drilling at its Mitre Hill project in Victoria.

A total of 125 drill holes were completed for 1348 metres to test the northwest section of the EL007646 tenement, where higher-grade clay hosted rare earth elements were discovered in an earlier round of drilling.

Assays are pending, however, geological logging identified visual ferruginous clayey intervals similar to the previous drilling results.

The company noted the clayey horizons consistently develop across the extent of the step-out drilling and continue for around 1.5 kilometres into the southern border of the recently granted EL007640 tenement.

Further drilling is planned later this year across the tenement and at the newly acquired tenement to the north once the winter rain passes and ground conditions improve.

The first batch of sample results are expected by mid to late August.

The company is working towards establishing a JORC compliant resource estimate by the end of quarter one of the 2023 calendar year.

Resource Base has also fully commissioned its newly acquired air core drill rig with recruitment and training of the operating crew complete.

The rig will begin drilling at the company’s high-priority EL007647 tenement imminently with broad spaced drilling planned along existing road accesses which will be followed up with closer spaced step out drilling.

Company shares have ended the day 6.9 per cent in the red to close at 13.5 cents.

Hot News / Related to recommend
  • 2023 - 09 - 28
    Click on the number of times: 0
    source:ScienceNewsExploresA rare earth element is one of 17 elements on the periodic table. These 17 metals include 15 “lanthanides.” Those are elements 57 to 71. Scandium (element 21) and yttrium (el...
  • 2023 - 09 - 26
    Click on the number of times: 0
    source:SASKTODAYREGINA — Immigration and Career Training and Trade and Export Development Minister Jeremy Harrison, is leading a delegation to the United Kingdom (UK) and Poland.The mission's focu...
  • 2023 - 09 - 25
    Click on the number of times: 0
    source:malaymailKUALA LUMPUR, Sept 21 — A member of the Dewan Negara suggested today that the government set up an agency, body or government-linked company (GLC) to supervise and manage all rare eart...
  • 2023 - 09 - 22
    Click on the number of times: 1
    source:subscribeOD6 Metals looks set to turbocharge the hulking resource at its Splinter Rock project in Esperance after revealing new rare earths assays with grades of up to 4159 parts per million to...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center