| Announcement Date: | 2023-08-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Lanthanein Resources Ltd. |
| Project name: | Lyons |
| Location: | Australia |
| Commodities: | Rare Earth |
| Highlight: | Drilling results incl. 3m at 0.36% RE from 34m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Lanthanein Resources Ltd (ASX: LNR) (Lanthanein or the Company) is pleased to announce assay results from the recent infill drilling completed at its Lyons Rare Earths Project in the Gascoyne Region of Western Australia (Lyons Project). The drill program targeted high-grade rare earth mineralisation previously discovered at the outcropping ironstones at Lyons 12 and 13 (Figures 1 to 3). Additional drilling of targeted priority high magnetic curvilinear trends where two 450 metre deep diamond holes co funded with $200,000 from the Department of Mines Industry Regulation and Safety (DMIRS) Exploration Incentive Scheme to investigate potential for large tonnage REE carbonatites similar to Lynas Corporation’s Mount Weld deposit in Western Australia. A total of 93 RC and two diamond drillholes totalling 10,407 metres were completed testing both the known ironstones at surface, ironstone and carbonatite targets undercover (Figure 7). Assay results will continue to be received with approximately 60% of results received to date |
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