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Namibia Critical Metals Discovers High-Grade Light Rare Earths Mineralization on New Project Area
Discovery of more than 250 individual mineralized dykes covering an area of 30 km 2 ...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"Namibia Critical Metals Discovers High-Grade Light Rare Earths Mineralization on New Project AreaDiscovery of more than 250 individual mineralized dykes covering an area of 30 km2 Average grade of 18.95% TREO from 59 grab samples from the distinct LREE-carbonatite dykes, grades range from 9.64% TREO to maximum of 26.47% TREO(see sample distribution below) Simple mineralogy in carbonatite confirmed as bastnäsite and calciteMapping and structural analysis continues in early 2020. Geophysical surveys planned (ultra-high resolution magnetics and gravity), followed by drilling.HALIFAX, NS / ACCESSWIRE / February 4, 2020 / Namibia Critical Metals Inc. (\"Namibia Critical Metals\" or the \"Company\") (TSXV:NMI) today announced significant results from rock samples taken from the Company's 95% owned Kunene project area in the Kunene Region of north-western Namibia. Grab samples taken from the carbonatite dykes have returned grades of 9.64% TREO to 26.47% TREO which are highly enriched in neodymium and praseodymium. Grab samples are selected samples and are not necessarily representative of the mineralization hosted everywhere on the property. Mineralization has been confirmed in over 250 carbonatite dykes throughout an area of 30 km2. The project is situated about 340 kilometers north of the Company's Lofdal Heavy Rare Earth Project and represents a new light rare earth (\"LREE\") opportunity for the Company.Pine van Wyk, CEO of Namibia Critical Metals, stated \"This discovery provides Namibia Critical Metals with the foundation for a new light rare earths project. The project complements our advanced heavy rare earths project at Lofdal which has now firmly secured a strategic partnership with JOGMEC. It offers our shareholders an opportunity in the early stage exploration of a high grade neodymium-praseodymium project on a district scale. We have undertaken to focus the Company on critical metals opportunities and our generative team led by Rainer Ellmies has delivered again with an outstanding discovery.\"MineralizationThe LREE-mineralization is associated with discrete carbonatite dykes over strike lengths of tens to several hundred meters with widths of between 20 centimeters to a maximum of 4 meters. The dykes follow a broad east-west zone and are interpreted as distinct primary magmatic features hosted by fenitized countr...