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Vital Metals Ltd.
Summary
| Project: | Nechalacho | |
|---|---|---|
| Deposit: | Nechalacho | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 2/19/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2020: Vital Metals Ltd. announces an Exploration/Drilling Update report for its Nechalacho deposit at the Nechalacho project. Drilling results incl. 5.1m @ 22.9 TREO from 12.2m. Vital Metals Ltd (ASX:VML) is pleased to announce it has received outsta | |
| Resources: | (Resource, Total): 94.7Mt @ 1.46% TREO | |
| CP/QP: | [Overall Report]: Brendan Shand (Internal) | |
| ABSTRACT: | Vital Metals Ltd (ASX:VML) is pleased to announce it has received outstanding results from a 2019 drilling and re-assaying program at its North T resource contained within its 100%-owned Nechalacho Rare Earth Project, Northwest Territories, Canada. Significant results include 2.4m at 38.4% total rare earth oxides (TREO) from 13m, 5.1m at 22.9% TREO from 12m, 5.4m at 19.0% TREO from 2m and 2.4m at 29.6% TREO. The project boasts an impressive light rare earth oxides (LREO) resource of 94.7 million tonnes at 1.46% TREO in the measured, indicated and inferred JORC 2012 categories (See ASX announcement 13 December 2019). Nechalacho’s North T Zone is a small, high-grade REO deposit about 2km north of the much larger Upper Zone. The North T Zone contains two distinct zones of REO mineralisation, a Bastnaesite Subzone near the surface with an underlying Xenotime Subzone. Vital Metals is considering the Bastnaesite Subzone in the North T Zone as a potential high-grade start-up. | |
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