Barkly Rare Earths confirms imminent start of large drill programme in Northern Territory
ASX-listed Barkly Rare Earths has started with civil works that will provide access to work areas for a planned 10000 m drill programme at the Barkly rare earths project, in Australia's Northern Territory, by next week.
The Phase 1 drilling programme aims to test expansion potential around the existing 40-million-tonne resource grading 2 100 parts per million total rare earth oxides (inferred).
“This is an exciting step for Barkly. With site and pad preparation commencing this week, we are readying our initial 400-hole Phase 1 drilling programme aimed at testing the next stage of growth from our existing 40-million-tonne inferred mineral resource.
"What makes Barkly’s ‘soft rock’ deposit particularly compelling is its combination of substantial scale potential, mineralisation at surface, and low deleterious radioactive element content, attributes that distinguish it from the plethora of global ‘hard rock’ rare earths projects," says Barkly Rare Earths MD Craig Wright.
The company expects to publish a mineral resource estimate update during the fourth quarter of the year.
Barkly Rare Earths is also advancing exploration work at the Buntine project, with samples having been submitted for assay following reconnaissance mapping and rock-chip sampling work.
The company has identified three different anomalous zones of zinc/lead/cobalt/copper at Buntine.
