Business
Drilling Update
Drilling Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5177G Rare Earth Minerals PLC 07 June 2013 \n \n\n7 June 2013 \n \nRare Earth minerals plc\n(\"Rare Earth Minerals\" or \"the Company\")\nDrilling Update - Hole 2 Completed\nMexican Lithium Joint Venture\n \nRare Earth Minerals PLC (AIM: REM) is pleased to provide a further update on the diamond drill program that is underway at the El Sauz - Fleur lithium concessions in Northern Mexico, and under joint venture with Bacanora Minerals Ltd. (BCN: TSX-V). As previously reported (June 4, 2013) the first diamond drill hole (ES-01) has been completed. The second hole (ES-02) has also been completed. \nThe second hole was drilled 1,000 metres southeast of and on strike from the La Ventana lithium deposit The preliminary log for ES-02 show intersections of 9 metres length for the Upper Clay and 24 metres for the Lower Clay (Table 1), these are estimated to be equivalent to true thicknesses of 6.5 metres and 40.9 metres for the Upper and Lower Clay units respectively. The top part of the Upper Clay in this hole was offset by a fault, consequently it appears thinner than in hole ES-01. However the Lower Clay sequence in ES-02 is thicker than ES-01, which is positive. The nature of the clay units in these intervals correlate well with the clay units found on La Ventana. \nTable 1. El Sauz - Fleur Hole ES-02 Preliminary Log\n\n\n\n\nHole: ES-02\n\n\n\n\n0\n\n\n3\n\n\n3\n\n\nOverburden\n\n\n\n\n3\n\n\n188\n\n\n185\n\n\nBasalt\n\n\n\n\n188\n\n\n197\n\n\n9\n\n\nUpper Clay\n\n\n\n\n197\n\n\n 204\n\n\n7\n\n\nIgnimbrite\n\n\n\n\n204\n\n\n247\n\n\n43\n\n\nLower Clay\n\n\n\n\n247\n\n\n260\n\n\n13\n\n\nBasal Volcanics\n\n\n\n\nThe results of the first two holes successfully demonstrate continuity of the clay units from the La Ventana lithium deposit onto the Fleur concession. The two holes extend the strike length of the clay-bearing sedimentary succession on La Ventana by one kilometre to the southeast, for a total drill indicated strike length on both the La Ventana and Fleur concessions of approximately 6 kilometres. \nAnalytical results from drill core samples taken across the clay units of hole ES-01 are expected within the next 3 to 4 weeks. \nDrilling has commenced on the third hole (ES-03) of the 10 hole program. The third hole is s...