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Rainbow Rare Earths Ltd.

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Summary

Project:

Gakara

Deposit:Kiyenzi
Location:Burundi
Commodities:Rare Earth
Date:12/18/2019
Report Code:(no Code)
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:18-12-2019: Rainbow Rare Earths Ltd. announces an Exploration/Drilling Update report for its Kiyenzi deposit at the Gakara project. Drilling results from a further 6 holes at Kiyenzi. Rainbow Rare Earths Ltd, the Rare Earth Element ("REE") mining company,
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: n/a (n/a)
ABSTRACT:Rainbow Rare Earths Ltd, the Rare Earth Element ("REE") mining company, is pleased to provide an update on its exploration and mine development programme. O n 25 November 2019, the Company announced details of the first two drill holes (GAK_DD_29 and 31) from the drilling campaign undertaken in the second half of 2018 at Kiyenzi, within the Gakara mining permit area. A total of 30 diamond core drill holes were completed, and the Company is currently in the process of analysing all of these holes. Based on initial observation, these drill holes are believed to contain greater widths of mineralisation than initial expectations. Results of a further 6 holes have now been received, meaning 8 out of the original 30 drill holes have now been fully analysed, totalling 200m. All holes analysed show mineralisation throughout. In addition, a number of intersections have been shown to have higher grades.

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