For thousands of other reports visit RSC's Mineral Intellingence Map
Vital Metals Ltd.
Summary
| Project: | Nechalacho | |
|---|---|---|
| Deposit: | North-T | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 4/15/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-4-2020: Vital Metals Ltd. announces a Resource Estimation report for its North-T deposit at the Nechalacho project. Updated Mineral Resource Estimate for Project. Vital Metals Limited (ASX:VML) (“Vital” or the “Company”) is pleased to announce a signif | |
| Resources: | (Resources, M+I): 101kt @ 9.01% LREO | |
| CP/QP: | [Resources]: Brendan Shand (Avalon Advanced Materials Inc.) | |
| ABSTRACT: | Vital Metals Limited (ASX:VML) (“Vital” or the “Company”) is pleased to announce a significant increase in resource size and grade at the company’s North -T, Nechalacho site, another step toward the company becoming North America’s next rare earth mining company. 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 Sub-zone 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 operation. A new Mineral Resource for the Bastnaesite Subzone based on the new geological interpretations and validated data from the core resampling and 2019 drill program was prepared according to the 2012 version of the JORC code (Table 2). Historical assay data that was only assayed for Nd, Ce and Y has only been used to help with the geology modelling of the bastnaesite mineralisation. The JORC 2012 Mineral Resource estimate of the North T Zone Bastnaesite Sub-zone comprises 105 kt @ 8.9% LREO using a cut-off grade of 0.3% Nd2O3. (See Table 2 for the details). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report