Rincon Resources Limited (ASX:RCR) (Rincon or the Company), a leading exploration company, is excited to announce significant updates on its exploration activities at the West Arunta Project in Western Australia.
The Company's recent exploration efforts have been focused on the Pokali North area within the West Arunta Project. The use of portable x-ray fluorescence (pXRF) analysis has been instrumental in identifying two distinct anomalous Rare Earth Element (REE) trends in this region.
Key highlights from the exploration activities include:
Identification of Anomalous REE Trends: The pXRF analysis has revealed two significant REE trends within and near the Tin-Tungsten system at Pokali North. These trends are indicative of a high potential for REE deposits in the area.
Outstanding TREE Results: The best Total Rare Earth Element (TREE) results from rock-chip samples are noteworthy, with samples KWRK094 showing 0.48% TREE, KWRK104 at 0.43% TREE, and KWRK107 with 0.25% TREE.
New Rock-Chip Sample Insights: Additional rock-chip samples collected have highlighted two key findings:
- Confirmation of an anomalous REE trend (Trend-1) extending southeast of Pokali North, with rockchip KWRK070 returning 0.29% TREO.
- Discovery of a second new anomalous REE trend (Trend-2) southwest and west of Pokali North and Jewel.
Association with Gravity Target: REE Trend-1 is potentially associated with a gravity target near Pokali North, which is slated for testing with diamond drilling.
Impressive Copper Results: The exploration has also yielded significant copper results, including 16.69% Cu in sample KWRK120, 7.55% Cu in KWRK118, and 1.85% Cu in KWRK119 at Pokali East.
Deferral of Diamond Drilling Program
Due to unforeseen natural events, including severe lightning storms, multiple fire outbreaks, and the closure of access tracks, the 2023 diamond drilling program at Pokali has been deferred. The program is now rescheduled to commence in late February 2024. Both Rincon Resources Limited and the drilling contractor are committed to this new timeline and are preparing for a robust restart of the drilling activities.
Rincon Resources Limited remains dedicated to exploring and developing its projects, with a strong focus on uncovering the rich mineral potential of the West Arunta region. The Company is optimistic about the future prospects and is committed to keeping its stakeholders informed of further developments.
Commenting on current activities, Rincon’s Managing Director Gary Harvey said:
“No-one is more disappointed in the deferral of diamond drilling program than me. The team, including myself, waited over a week for the crew to arrive, only to have two severe storms and an outbreak of bushfires put an end to the program before we started. The unpredictability of the weather and for the safety of all personnel, the decision to defer was made.
“Despite the setback however, there is a silver lining. Unearthing two REE trends is a significant result and further highlights the immense untapped potential of our West Arunta Project. The main trend,’ Trend-1’ at Pokali North (Figure 1) is potentially related to Gravity Target #1 (refer to Figure 1) which we were about to drill test with the first diamond hole. Two months will pass quickly, and we’ll be drilling away, clearly something to look forward to in early 2024”.