Announcement Date: 2023-05-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Heavy Rare Earths Ltd.
Project name: Cowalinya
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 30m at 923ppm RE from 11m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Assays are reported for the first time from 41 vertical air core holes drilled along existing access tracks in the northern and central parts of E63/1972 to the north and west of the Cowalinya North resource1 (Figure 1). HRE Executive Director, Richard Brescianini, said, “Today’s assays have added an exciting ‘blue sky’ element to Cowalinya with excellent rare earth intersections, both in width and grade, drilled up to 14 kilometres from our recent Western Zone discovery. This is a very significant development for the project and builds on our success in demonstrating the widespread and coherent nature of rare earth mineralisation within our ground. “Results reported by HRE since last October underline the potential for a material increase in resources at Cowalinya. The work aimed at achieving this has now commenced and will be completed over the coming months
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