Eclipse (ASX:EPM) gains historic Greenland core for multi-metal estimations
June 11, 2024Eclipse Metals has gained access to 19,000 metres of historical diamond drilling from across its Ivigtût project area to spur cost-effective efforts toward resource estimations at the historic cryolite mine in Greenland.
The core package includes six holes drilled up to 200m within the adjacent Gronnedal rare earth carbonatite area, where Eclipse has a 1.18 million tonne at 6859 parts per million rare earth resource in place from the top 9.5m.
Previous core sampling returned results of up to 22,695ppm total rare earth oxide, while assays from the large quartz target beneath the Ivigtût pit has returned silica ranging up to 99.7 per cent.
The cores will be shipped off from their home in a Greenland shed to the lab for analysis, a move expected to enhance the existing resource and better understand the deposit at depth and serve as a guide for future drilling.
Modelling has pointed towards a 220m by 90m body of high silica, low impurity quartz beneath the old pit floor, a resource which has shown amenability to be purified by a simple acid wash for semiconductor applications.
And Eclipse believes a three kilometre by 800m rare earth mineralised ferrocarbonatite footprint comprised of a notable proportion of valued magnet rare earths has the potential to be a globally competitive asset.
To that end, the Perth-based company is preparing a funding application under the European Union Critical Raw Materials Act for Strategic Project Development.
Eclipse is confident its polymetallic nature, strategic location, and standing as a European Raw Material Alliance member will make for a strong chance at gaining a status benefitting from streamlined permitting and financial access.
The company expects to finish the application by August and hear back from the European Union before Christmas as it assays the historical core and prepares a round of its own drilling.
Read more on the Ivigtût project: Under the northern lights: Untapping the potential of the world’s largest cryolite mine
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