Caprice Resources Ltd continues exploration at the Mukinbudin Rare Earth Element (REE) Project, located 25 kilometres northwest of Mukinbudin and 250 kilometres northeast of Perth in Western Australia.
Reconnaissance exploration delineated a significant REE anomaly at the QC2 prospect. The anomaly is at least 300m long, with elevated REEs up to 3,761ppm REOs and up to 23.6% heavy REOs. The anomaly centred around a zoned pegmatite.
Caprice is currently undertaking infill and extensional soil sampling at QC2 to delineate the full strike and width of the anomaly.
The project contains numerous identified pegmatites. Several of these are also being assessed in this current round of fieldwork for REE bearing pegmatites via reconnaissance soil sampling and mapping.
Managing Director Andrew Muir said the company is stepping up the field work at Mukinbudin to follow up the promising QC2 results, as well as to assess other areas within the 380km2 project.
“Work to date has highlighted the prospectivity of the ground and we look forward to increasing our knowledge of the project.
“We will continue to actively explore the project with a view to generating drill targets to test later in the year.”
Caprice holds a 100% interest in the Mukinbudin REE project, located in the wheatbelt of WA, acquired in December 2022.
