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Finance Investment, Oil Mining Resources

Rincon Resources (ASX:RCR) – West Arunta Diamond Drilling Commences

Rincon Resources (ASX:RCR) < 1 mins read

HIGHLIGHTS

  • DDH1 Drilling are onsite and set-up to commence the diamond drilling (‘DD’) program at Pokali.
  • DD program to consist of two holes, each to minimum depths of 500m, to test two deep gravity targets.
  • The first hole, WADD001, will test gravity target #1 (refer to Figure 1) at Pokali North, potentially the source of the anomalous rare earth element (‘REE’) mineralisation in this target area.
  • The second hole, WADD002, will test gravity target #2 (refer to Figure 1) at Pokali East, potentially the source to widespread shallow IOCG copper-gold mineralisation in this area.
  • The drilling program is expected to take about 3 weeks with first results anticipated towards the end of May. 

Commenting on the commencement of drilling, Rincon’s Managing Director, Gary Harvey said:

“We are delighted to start drilling our first diamond hole at Pokali, as planned and on schedule. This kicks of a campaign of several programs over the next several months that aims to add significant value to the West Arunta Project, and to all our shareholders.”

The Rincon Resources West Arunta Project is poised to become the next mineral-rich province, with promising potential for IOCG (Iron Oxide Copper Gold) style copper-gold and carbonatite hosted niobium-REE (Rare Earth Elements) deposits. The area has attracted attention from prominent players in the mining industry, including Rio Tinto, IGO, WA1, Encounter, and Agrimin. Recent discoveries of niobium-REE by WA1 and Encounter underscore the region's exciting potential, highlighting its significance in the mining sector.


About us:

Rincon has 100% interest in three exploration assets in Western Australia that are highly prospective for copper, gold, REE’s and critical metals required for the energy transition; these are the South Telfer Project, West Arunta Project and Laverton Project.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

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