Miramar (ASX:M2R) target shallow REEs at Lang Well
Miramar Resources has broken earth in the hunt for “significant” shallow rare earth at its 100% owned Lang Well Project in Western Australia’s Murchison region.
Aircore drill testing will verify historical data of up to 4m @ 1500ppm Total Rare Earth Oxides (TREO) from 2009, where previous explorers reported several significant auger anomalies in gold and Samarium (Sm), which was the only REE analysed at the time.
Lang Well Project showing GSWA outcrop geology, auger anomalism and historical drilling
No further REE analysis was ever completed after 2010, which showed highly anomalous Lanthanum and Cerium in several holes, including a single sample of 4m @ 1,500ppm TREO from 28-32 metres.
Executive Chairman, Mr Allan Kelly, said the Company was looking forward to testing the potential for shallow REE mineralisation at Lang Well.
“Given the large areal extent of the auger REE anomalism, the strongly elevated La and Ce results, and the lack of any systematic REE analysis, there is potential for a significant amount of shallow REE mineralisation to be outlined at Lang Well,” he said
Price Action
The Company’s ASX-listed shares are 8c before today’s Market Open.
About the Lang Well Project
The Lang Well Project is located in the Murchison region of Western Australia, roughly halfway between the Deflector and Golden Grove mining operations.
The Project consists of one granted and one pending Exploration Licence, covering 291 square km, and is considered prospective for gold and REE mineralisation.