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Rainbow Rare Earths Ltd.
Summary
| Project: | Gakara | |
|---|---|---|
| Deposit: | Kiyenzi | |
| Location: | Burundi | |
| Commodities: | Rare Earth | |
| Date: | 11/25/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-11-2019: Rainbow Rare Earths Ltd. announces an Exploration/Drilling Update report for its Kiyenzi deposit at the Gakara project. Drilling results incl. 20.62m @ 3.45% TREO from 17.70m. Rainbow Rare Earths Ltd, the Rare Earth Element ("REE") mining comp | |
| 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 the following update on its exploration and mine development programme. Rainbow has historically focused on the areas of Gasagwe and Murambi for its production of Rare Earth Elements from Burundi. During 2018 the Company undertook a drilling campaign at Kiyenzi. This campaign followed on from an exploration programme comprising a ground gravity survey and trenching. In total 30 core holes were drilled, for a total of 1,428m. Drilling was relatively shallow - with the exception of one hole which was drilled to a depth of 150m, all the other holes averaged a depth of just 44m. Drilling was carried out on a loose 25m grid. In October 2019, Rainbow commenced with the shipment and evaluation of the remaining Kiyenzi cores in order to generate a comprehensive dataset which would enable Rainbow to produce an updated, robust and code-compliant Mineral Resource Estimate currently being undertaken by CSA Global. The first two diamond core holes, 29 and 31, have been analysed and show continuous mineralisation from first mineralisation strike (both of which were at shallow depths). | |
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