Lion Rock Minerals Announces Significant Monazite Intercepts at Minta Est
Key points
- Significant TREO intercepts up to 1.94% with calculated monazite up to 3.62%
- Shallow widespread high-grade THM mineralisation in multiple holes
- Encouraging magnetic-separation results with potential for higher-grade stream
- Consistent TREO of ~24% NdPr and ~1% DyTb
- Remaining in-situ assaying results to be announced
Full summary
Lion Rock Minerals Limited has announced the first results from 69 holes of a 761-hole drilling campaign at the Minta Est project in Cameroon. The results show repeated shallow zones with significant monazite and total rare earth oxides (TREO). Notably, up to 1.94% TREO and 3.62% calculated monazite were observed. Approximately 40% of the assayed drill holes had intervals of 1% calculated monazite or more. The preliminary tests also indicate that monazite within the total heavy mineral (THM) can be concentrated into a smaller mass through magnetic separation, potentially enabling downstream separation processes with higher yield and reduced environmental impact. The company plans to undertake further exploration drilling to determine the residual mineralisation potential.
Outlook
Lion Rock Minerals plans to undertake further exploration drilling to determine the residual mineralisation potential at Minta Est.
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