Pinnacle Minerals Ltd (ASX:PIM) has returned rock chips with elevated rare earth oxides in a drill hole at its Tambellup East in Western Australia.
The hole was drilled historical elevated nickel geochemical results and four rock chips from the bottom (40 metres) of the hole returned a maximum value of 626.3ppm total rare earth oxides from a multi-element assay.
Given the geochemistry of the rock and the overlaying clay regolith, this opens up the potential for both hard rock and clay hosted rare earth deposits.
Based on these results, Pinnacle’s board has approved an immediate follow-up targeted reverse circulation drilling program to further test the prospect.
Pinnacle Minerals Managing Director Nic Matich said: “Having only scratched the surface of this unique prospect, the team at Pinnacle is excited about returning to conduct follow up drilling to thoroughly test for mineralisation at depth with the aim defining zones more enriched with rare earth oxides and testing the extent of any clay hosted REE mineralisation.”
