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New Mineralized Zone Discovered During Infill Resource Drilling on Flagship Lofdal Heavy Rare Earth Project in Namibia
HALIFAX, NS / ACCESSWIRE / September 8, 2023 / Namibia Critical Metals Inc. ("Namibia Critical M...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"New Mineralized Zone Discovered During Infill Resource Drilling on Flagship Lofdal Heavy Rare Earth Project in NamibiaHALIFAX, NS / ACCESSWIRE / September 8, 2023 / Namibia Critical Metals Inc. (\"Namibia Critical Metals\" or the \"Company\" or \"NCMI\") (TSXV:NMI)(OTCQB:NMREF) is pleased to announce the completion of the RC drilling campaign for its PFS study on the large-scale \"Lofdal 2B-4\" heavy rare earth project.The infill drilling campaign entailed 49 reverse circulation (RC) boreholes for a total of 8,226 m in the Area 4 main deposit and the Area 2B satellite deposit. Assays were received from Actlabs, Canada. Highlights are:Width and grade of the mineralised zones were confirmed by infill drilling.Combined mineralized intervals can reach more than 100 m length in total in some boreholes based on a combined cut-off of 0.1% TREO1 over wider intercepts as previously used in the PEA \"Lofdal 2B-4\". This averaging over wider mineralised zones reflects assumed consecutive blocks in a potentially large-scale open-pit operation benefiting from economy of scale.A larger, previously unknown mineralized zone was intercepted in the western periphery of the pit shell (produced in the PEA \"Lofdal 2B-4\" for Area 4) demonstrating upside for additional mineralization towards the west and depth.Test work at SGS Lakefield continues with the pilot-scale flotation test on a 5 ton bulk sample and an extended variability testing program followed by hydrometallurgical tests.Darrin Campbell, President of Namibia Critical Metals stated:\"The highly cost-efficient RC infill drill program delivered the expected positive results and the newly established thick zone of heavy rare earth mineralization in the western part of Area 4 highlights again the enormous potential for upside for the district-level Lofdal deposit. With several test programs at SGS at advanced stages and with positive interim outcome, we are optimistic to deliver a highly competitive PFS for \"Lofdal 2B-4\" by mid next year.\"RC drilling program 2023A final drill program was worked out by the Company with support by The MSA Group to increase the level of resource categories as required for the PFS for the expanded project \"Lofdal 2B-4\". Resource drilling commenced at the end of January 2023 and was completed by June 2023.The drilling campaign was significantly expanded from...