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.