| Announcement Date: | 2023-01-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Sky Metals Ltd. |
| Project name: | Doradilla |
| Location: | Australia |
| Commodities: | Rare Earth |
| Highlight: | Drilling results incl. 33m at 4981ppm RE from 15m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | The Board of Sky Metals Limited (‘SKY’ or ‘The Company’) is pleased to advise of the discovery of strong and widespread REE mineralisation over the three (3) targets, Doradilla, Midway and 3KEL, on the DMK line at the Doradilla Project. Doradilla Project (EL 6258, SKY 100%) ‘DMK’ Line Targets – Rare Earth Element mineralisation The Doradilla-Midway-3KEL or ‘DMK’ line is a 16km long skarn that has been the focus of extensive exploration for tin and tungsten, particularly during the 1970s and 1980s. SKY has selected a number of samples from historic drilling in 1979, 2007 and 2012, along with samples from SKY’s drilling over the last 3 years. These samples were assayed for rare earth elements (REE), with results reported as total rare earth oxides (TREO). A selection of samples were taken from a total of 26 holes and returned consistent intercepts of over +1,000ppm TREO from all holes from all three deposits on the DMK Line. The results to date have established strong REE mineralisation over multiple kilometres at all three targets, demonstrating that there is very large scale REE mineralisation present. Furthermore, the results to date show the most valuable Nd + Pr + Dy + Tb represents over 20% of the TREO on average at present (Table 2) |
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