The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Maiden Inferred Resource Declared for the Gronnedal Rare Earth Project, Greenland

by admin February 10, 2024
February 10, 2024
Maiden Inferred Resource Declared for the Gronnedal Rare Earth Project, Greenland

Eclipse Metals Limited (ASX: EPM) (Eclipse or the Company) is pleased to announce a maiden inferred Mineral Resource for the Grønnedal REE deposit which forms part of Eclipse’s Ivigtût project in southwest Greenland. The inferred resource estimate incorporates results from Eclipse’s initial drilling and trenching program completed in 2023.

Highlights:Mineral Resource Estimate (MRE) comprising 1.18 million tonnes grading 6,859 ppm TREO containing 8,074 tonnes TREO using a 2,000ppmTREO cut-offMRE extends from surface to a depth of 9.5m representing 80,000 tonnes per vertical metre (TVM)Resource remains open in all directionsResource represents a small fraction of a large carbonatite intrusive that has been drill-testedMRE supports significant upside case for initial development and investment

The resource is contained within rocks of the Proterozoic Grønnedal Complex that intrudes Archean basement gneissic rocks in the Gardar Province, Southwest Greenland.

The Grønnedal REE complex is formed within a northerly trending 8km x 3km ovoid body of layered nepheline syenites which are intruded by a xenolithic syenite with a central plug of calcite and calcite–siderite carbonatite.

These rocks have, in turn, been intruded by large north-east trending dolerite dykes. The concentration of rare earth elements is developed in the carbonatite.

With a high percentage of outcrop, the area has been mapped in detail and hence the extent of the geological units that host the REE mineralisation are very well understood and defined.

Resource Area

The Grønnedal REE mineralisation has been defined in the northern parts of a central block of carbonatite that measures approximately 1,400m north-south and 750m east-west. The carbonatite is truncated to the northwest by a dolerite dyke. The extent of dolerite intrusives within the carbonatite is yet to be established but it is likely that where grades drop off it is because dolerite dykes have been intersected. It is likely that this carbonatite extends to a depth exceeding 500m below surface (Figure 1).

The resource area is restricted to a relatively small portion of the carbonatite that has been tested by trench sampling and drilling. Mineralisation is developed from surface to at least the maximum vertical extent of drilling of 22m. All mineralised holes ended in high grade REE. Trench sampling has returned high REE grades to the northern and western limits of the sampling grid. The resource area remains open at depth, along strike and in width.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Prismo Metals ZTEM Survey Identifies Priority Drill Target at the Hot Breccia Copper Project in Arizona
next post
Lithium Universe

Related Posts

Energy Fuels Acquires RadTran LLC as A Further...

August 20, 2024

Capstone’s Mantoverde Reaches Commercial Production, Expansion Feasibility Study...

October 4, 2024

Silver Miners Deliver Record Q2 Earnings as Price...

August 20, 2025

Trump Ties Ukraine Aid to US$500 Billion in...

February 14, 2025

Allied Critical Metals Closes First Tranche of Oversubscribed...

August 15, 2025

Brunswick Exploration Starts Winter Drilling Campaign at Mirage

January 23, 2024

More Exceptional Metallurgical Results from McDermitt

January 20, 2024

West High YieldResources Ltd. Outlines Next Steps for...

August 16, 2024

Gold Price Hits New Record as Fed Holds...

March 20, 2025

Los Andes Copper at 121 Mining Investment London

May 9, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,554)
    • Investing (4,271)
    • Politics (5,669)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved