Announcement Date: 2022-11-16
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Desert Metals Ltd.
Project name: Innouendy
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 29m at 1371ppm REO from 28m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Desert Metals Limited (“the Company” or “DM1”) is pleased to report a further batch of high-grade results from its Rare Earth Element discovery at Innouendy. The current batch of results include assays from the Innouendy Central zone, the Cattle Yard Prospect (3.5km SW of Innouendy) and two new zones 1.5km and 3.5km SW of the Cattle Yards. Assays continue to confirm the widespread, thick, and continuous nature of REE mineralisation across the Project. Only partial results (only the elements Ce+La+Y) have been received from the new zones to date with indications that once full TREO results are received these may form a contiguous block of over 7kms with the mineralisation intersected to the northeast. This block remains open in all directions. Full results have now been received from 205 of 313 air core holes from the recent aircore drilling program with the remainder expected within weeks. New significant intersections are shown in Table 1. All holes from which these significant intercepts are taken for this release are shown in Table 2. Table 3 and table 4 list all significant intersections at Innouendy to date. The company is planning for a major drilling campaign to further define the extent and continuity of the REE mineralisation at the Innouendy Project. In addition, a substan
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