Business
Outstanding Yangibana Drill Results
Outstanding Yangibana Drill Results.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9366B\n Cadence Minerals PLC\n 13 October 2020\n \n \n \n \n Cadence Minerals Plc\n \n \n \n \n \n (\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \n \n \n \n \n Hastings Technology Metals (ASX: HAS) - Outstanding Rare Earth Oxide Grades from Frasers North and South Drilling.\n \n \n \n \n \n Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Hastings Technology Metals (ASX:HAS) (\"Hastings\"), Cadence's joint venture partner at the Yangibana Rare Earth Project in the Gascoyne region of Western Australia (\"Yangibana\" \"Yangibana Project\"), has announced further drill results as part of the 2020 Exploration Drilling Program, for the Fraser's North and South areas.\n \n \n The Company has so far received assay results for 30 RC drill holes in these areas since drilling commenced in early June. Numerous significant potentially economic results have been received from 29 out of the 30 holes which include some of the highest grade results yet returned from any drilling at the Yangibana project since 2014.\n \n \n Highlights:\n \n \n · \n Outstanding rare earth oxide grades received from 29 out of 30 drill holes from Fraser's North and South sampling.\n \n \n · \n High‐grade and shallow intersections from Fraser's North and South drilling include:\n \n \n o \n 3m @ 7.28% TREO from 8m,\n \n \n § \n Including 1m @ 18.57% TREO from 8m,\n \n \n o \n 8m @ 3.51% TREO from 31m,\n \n \n o \n 2m @ 1.67% TREO from 31m,\n \n \n o \n 6m @ 1.42% TREO from 8m, and\n \n \n o \n 4m @ 1.36% TREO from 17m.\n \n \n · \n Highest grade intersections occur south of the current Fraser's Open Pit (mineral resource of 1.32 million tonnes grading 1.35% TREO including 0.56% Nd2O3+Pr6O111) and extend mineralisation up to 450m in a south easterly direction.\n \n \n · \n Drilling results from the North now confirm contiguous new mineralisation up to 250m from the Fraser's Pit limit.\n \n \n · \n In the South, all mineralisation remains open down dip and along strike, with surface ironstone outcrops being tracked for up to 1‐ kilometre past last drill locations.\n \n \n · \n New results record highest grades to date from Yangibana project, with 1m samples returning grades of up to 18.57% TREO.\n \n \n · \n Results from the South come from largely untested ar...