Summit Minerals Limited (ASX: SUM), a renowned mining and exploration company, is delighted to report the promising findings from its recent Ultrafine Fraction (UFF) soil program at the Stallion REE Project in Western Australia.
Key Takeaways:
- The state-of-the-art UltraFine+™ technique pinpointed an additional REE mineralised zone, known as the MHC Target, located north of the primary Stallion zone.
- The results further validate the mineralised zone, as they resonate with both historical and recent drill-indicated REO mineralisation in the underlying strata.
- The anomalous soil results span an impressive 4km, with their boundaries only determined by the current sampling density.
- With these promising results in hand, Summit Minerals is already planning for an extension and infill drilling campaign, including exploration at the adjacent Stallion North tenement and the MHC target.
At Stallion, Summit Minerals successfully employed the UFF technique, which is optimally efficient in areas with a cover up to 60m thick. The Company collected a total of 113 UFF samples, focusing both on Stallion and extending its scope north to include the MHC target. This latter target was discerned from the prior drilling data obtained from Manhattan Corporation.
The dual objectives of this program were:
1. Assess the viability of soil samples as a direct detection medium for rare earth oxide (REO) mineralisation in the complex terrain at Stallion.
2. Explore avenues for the Company to significantly reduce its discovery expenses, primarily by cutting down on exploration drilling costs.
The striking correlation between the UFF soil sample outcomes and data from both historical and recent drilling sessions underscores the program's success. The results not only validate the methodology but also spotlight the extensive potential of the Stallion REE Project.
Summit Exploration Manager Jonathan King, commented:
“The Company is pleased to receive positive soil responses from these complex regolith environments. The strong spatial coincidence between the anomalous soils and drillindicated REO mineralisation from recent and historical drilling, separated by up to 40 metres of cover, is an exciting development for Summit.
The knowledge gleaned from this campaign gives the Company confidence as to the size and scale of the potential resource. It also helps us best target future drilling, which should significantly reduce future discovery and exploration costs across the tenement package."
About us:
Summit Minerals Limited is an Australian-focused ASX-listed battery mineral exploration Company with a portfolio of projects in demand-driven commodities. It is focused on systematically exploring and developing its projects to delineate multiple JORC-compliant resources.
Contact details:
Chloe Hayes
chloe@janemorganmanagement.com.au
