Lort River Project - Rare Earths (REE)
Lort River Project
REE Project 100% owned - WA Rare Earth Elements exploration project – 100%
owned. Covering 320km2 of highly prospective exploration acreage located 50km
Northwest of the town of Esperance WA, the area is held over three individual
tenements. Historic data review has
identified REE have been detected within the tenements. The area is within the
emerging southern Esperance clay hosted REE province of Western Australia.
High-Grade Rare Earths Soil Anomalies Identified
- Assays show a high percentage of valuable magnet rare earth elements (up to 35% of the total grade).
- The shallow auger samples returned Total Rare Earth Oxide (TREO) grades of:
- 580 ppm TREO in VKU28733 (25% Magnet REO of total grade)
- 525 ppm TREO in VKU28802 (27% Magnet REO of total grade)
- 513 ppm TREO in VKU28806 (28% Magnet REO of total grade)
- 505 ppm TREO in VKU28712 (35% Magnet REO of total grade)
- 504 ppm TREO in VKU28729 (29% Magnet REO of total grade)
Refer: Collar and Drilling Tables 1 and 2
- Assays also show high Scandium (Sc) grades, a valuable metal and potentially important addition to the high-grade rare earth mineralisation.
- Terrain intends to advance exploration at Lort River, targeting the underlying clay horizon below the shallow soil anomaly.
- The tenure also covers the Kateup Creek, Helms, Bishops Hat and Lauriana Shear Zones and is prospective for gold and base metals, in addition to the shallow, high-grade, high value rare earth mineralisation already identified.
- This large tenement package is directly adjacent to emerging clay hosted rare earth discoveries in the region.
These
exciting results are from historic shallow auger samples taken ~1m below surface
and appear to have been taken along road reserves relating to early-stage gold
exploration activities. Terrain will target the more prospective underlying clay
horizon where grades are hoped to improve within larger zones.
The
high-grade soil results span Terrains two western tenements (E63/2208 and
E63/2209), over 300km2. The Company’s eastern tenement (E63/2207)
has never been explored for rare earth mineralisation and is also considered prospective
for further REE soil anomalies (Refer to Diagram 2).
In
addition to the high-grade rare earth soil anomalism spread across large areas
of the Lort River Project, the tenure covers significant sections of major
regional shear zones. This includes the Kateup Creek and Helms Shear Zone, the
Bishops Hat Shear Zone and the Lauriana Shear Zone, positioned on the western
side of a major bifurcation in the red island shear zone where both the Belgian
and Lauriana Shears splay off to the west (Refer to Diagrams 5 & 6). In
addition to rare earth targets, these shear zones present significant untested and
highly prospective targets, for gold and base metals.
Terrain
intends to continue its systematic approach to exploration with the aim of
advancing towards drilling at the Lort River Project. Drilling will be
targeting shallow, high-grade clay rare earth mineralisation as well as testing
for other mineral occurrences.
Diagram 1: Location of Lort River Project (TMX 100%) where surface REE clay type anomaly
has been identified.
Diagram 2: Higher-grade rare
earth surface sample locations.
Diagram 3: Some of the Higher-grade
rare earth surface assays within this large tenement E63/2208.
Diagram 4: Higher-grade rare earth surface assays within E63/2209.
Diagram 5: E63/2208 tenement boundary (TMX 100%) overlaid on regional magnetics showing
highly prospective Lauriana Shear Zone and second order structures.
Diagram 6: E63/2207 and
E63/2209 tenement boundaries (TMX 100%) overlaid on regional magnetics showing
highly prospective regional shear zones and second order structures.
Note: For additional information including JORC tables refer to
ASX announcement: