EDITOR: | January 18th, 2013

Highest grade heavy rare earth intersections to date returned at Stromberg

| January 18, 2013 | No Comments
image_pdfimage_print

TUC-ResourcesJanuary 18, 2013 (Source: TUC Resources) — Diamond drilling at the Stromberg Heavy Rare Earth Prospect has delivered excellent near surface intersections, indicated extremely high (+90%) heavy rare earth distributions and further extended mineralisation.

Highlights:

At or near surface Total Rare Earth Oxide (TREO) Intersections include:

  • STDH3, 4.2m @ 0.93% TREO (92% Heavy Rare Earth Oxide
  • (HREO/)TREO); inc. 3m @ 1.19% TREO (92% HREO/TREO);
  • STDH2, 3.0m @ 0.59% TREO (92% HREO/TREO); inc. 1m @ 1.10% TREO (94% HREO/TREO);
  • STDH5, 2.5m @ 0.32% TREO (85% HREO)/TREO);

Diamond hole STDH5 extended mineralisation up dip under shallow cover providing for further exploration upside.

Click here for maps, tables and figures:

Diamond Drilling has increased information on the style and distribution of the important HREE mineral xenotime at Stromberg. It has provided TUC Resources with excellent samples for the next stage of metallurgical testing and provides further information for resource definition.

Background Information on Stromberg

Other drill results returned this year at Stromberg include an impressive STRC53 – 8m @ 0.72% TREO (93.5% HREO/TREO). The distribution of valuable and high demand Rare Earths (REE) in all significant intersections returned to date is an excellent ~8% Dysprosium/TREO, ~65% Yttrium/TREO and ~5% Erbium/TREO. These metals are used in Clean Energy Technologies. Drilling has continued to outline significant near surface HREE mineralisation in flat tabular bodies over a full 2.3km strike-length of the prospect. To date, metallurgical test work has given up to 85% TREE (Total Rare Earth) recoveries using a multi-stage reagent process. This leaching process and Stromberg’s xenotime like mineralogy could potentially result in a more direct processing route to a valuable REE intermediate/carbonate material with lower capital expenditure. The Stromberg District is located approximately 4 hours drive south of Darwin.

TUC Resources Ltd holds approximately 15,000km of prospective land package across 47 (28 under application) tenements making it one of the biggest ground holders in the Northern Territory of Australia. The business holds multiple consolidated project areas across several key geological and metallogenic terrains, affording it some opportunity to diversify exploration into many commodities.

The information in this report relates to exploration results compiled by Ian Bamborough, who is a Member of The Australian Institute of Geoscientists. Ian Bamborough is a fulltime employee of TUC Resources Ltd. Ian Bamborough has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ian Bamborough consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.


InvestorIntel

Editor:

InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.


Copyright © 2016 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Leave a Reply

Your email address will not be published. Required fields are marked *