Quantum Rare Earth Developments has reported the results of the rare earth element (REE) from the remaining two holes drilled during the spring or summer exploration campaign conducted at the Elk Creek Niobium–REE project in the USA.
The company has concluded the REE results of the holes NEC11-004 and NEC11-005, which are situated around 2.5 km to the eastern part of the Niobium deposit and around 1 km to the ENE of the Niobium deposit, respectively.
It has intersected 3.32% TREO over 68.18 m, 2.10% TREO over 236.19 m in the drill hole NEC11-004 and 1.21% TREO over 164.85 m and 0.92% TREO over 433.97 m in the drill hole NEC11-005.
The company has drilled the hole NEC11-004 to 465.73 m depth in the Eastern REE anomaly, which is situated around 2.5 km to the eastern part of the Elk Creek Niobium deposit. It has collared this drill hole for 160 m to the southeastern side and drilled in the historic hole EC-93 direction, which includes 3.30% TREO over 54.9 m and 2.70% TREO over 155.5 m.
The REE mineralization in the strongly modified alkaline and carbonatite rocks are found in the drill hole. The company has authenticated the occurrence of a potential deposit at the step-out from the significant drill hole EC-93. It has also encountered 10 individual assay results of more than 4.0% TREO over 68.18 m at the REE zone and has highlighted the high-grade core potential.
Quantum has drilled the hole NEC11-005 to 636.42 m depth and the plan of the drill hole was to examine an exclusive aeromagnetic anomaly. It has collared this hole for 470 m to the western part and drilled in the past hole EC-17 direction, which includes 1.19% TREO over 64.0 m.
Source: http://www.quantumrareearth.com/