The Partners received analytical results for 41 chip/channel and grab rock chip samples collected during the Fall of 2022. The sampling covered areas proximal to the underground workings developed in the late 1950's for niobium mineralization by the
Highlights from the Surface Sampling Program
Continued confirmation that Sheep Creek is one of the highest-grade rare earth projects in the US and further refinement of drill targets in the highest priority zones of surface and sub-surface mineralization.
A total of 37 carbonatite samples revealed rare earth mineralization with grades up to 171,317ppm (17.13%) Total Rare Earth Elements ('TREE'; Sample 21045), including 22,910ppm (2.29%) combined neodymium and praseodymium ('NdPr') which are the most sought after of the LREE group.
To date, the Partners have collected 78 surface samples from widespread carbonatite exposures in the northern part of the project area. These results reveal an average of 41,512 (4.1%) TREE, including an average combined 5,882.9ppm (0.58%) neodymium and praseodymium.
The carbonatites at Sheep Creek are strongly enriched in light rare earth elements ('LREE') with an average value of 4.14% compared to 132.9ppm for heavy rare earth elements ('HREE').
Preliminary evaluation of the project area has occurred over one-third of the total area staked by the Partners. Significant additional acreage remains to be explored and it is anticipated that additional carbonatites will be identified.
The Partners will input the results into detailed geologic maps and will be forthcoming with additional results including underground, stream sediment and soil samples. Integration of the 2022 geologic mapping and geochemical studies will assist the Partners in the design of an airborne geophysics survey in 2023 and improve the understanding of the rare earth-bearing structures.
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