Quarterly Activities Report To June 30, 2012
Sydney, July 30, 2012 AEST (ABN Newswire) - TUC Resources Ltd (
ASX:TUC) provides its Exploration Activities Report for the quarter ending 30 June 2012.
Highlights
Stromberg Heavy Rare Earth (HREE) Prospect
Drill/Resample Results Confirm HREE Scandium Content
- Appreciable levels of Scandium (Sc), useful to a range of high-tech industries have been noted in recent re-sample of Stromberg drill chips. Significant intersections include:
STRC53 - 8m @ 116ppm Sc from surface inc. 6m @ 149ppm from surface;
TURC63 - 7m @ and 81ppm Sc from surface inc. 3m @ 100ppm from 4m.
These results further upgrade the pay-ability of the Stromberg HREE material and prospect.
Continued Metallurgical Gains
- Excellent results from metallurgical test work during the Quarter have increased Total Rare Earth (TREE) recoveries to 85% using a multi-stage reagent process. This is a 10% improvement from an initial recovery of 77% TREE recovery reported in the last Quarter. Leaching of HREEs into solution potentially results in a more direct processing route to a Rare Earth (REE) intermediate/carbonate material, allowing TUC to generate a more competitively valued product when compared to other concentration methods.
- The results of 24 Leach optimisation tests have shown that acid consumption does not increase with the strength of acid used. This is good because stronger acids do have potential to improve recovery beyond 85% with improved recovery time and potentially at no extra cost.
Positive Stromberg HREE District Stakeholder Engagement
- TUC has had positive discussions with Traditional Owners in the Stromberg HREE District with respect to initial access to ELA29241 and ELA29240. In addition an update of work was given on the progress at the Stromberg prospect and its implications for the adjoining Skyfall Tenement ELA27151. It is hoped that if positive discussions continue, access to all exploration ground in the district will be granted, significantly increasing the chances of finding much more HREE material. Another meeting has been planned for the third quarter of 2012.
Scaramanga
Geochemistry - Confirms Drill Target
- Results of up to 190ppm Yttrium have been returned from soil geochemistry at Scaramanga some 5km NE of Stromberg. Work has identified an area of strong HREE anomalism comparable to Stromberg. Drilling is planned to commence in August.
Exploration Activities Report
The following exploration activities have been undertaken during the Quarter:
- Assay and analysis of a number of drillholes from Stromberg Prospect for the metal Scandium which is used in alloy manufacture, alloying, lasers, X-Rays and lighting;
- Rock chip and soil sampling programs at HREE targets in the Stromberg and Daly Projects;
- Continued metallurgical and mineralogical analysis of composite samples representative of a range of grades from the Stromberg HREE Prospect;
- Rock chip and soil sampling programs at other HREE targets considered geologically similar to the Stromberg HREE deposit i.e. Hodgson Downs, ELA29464.
- A detailed airborne topographic survey (LiDAR - Light Distance and Ranging) survey over the Stromberg and Scaramanga Prospects was completed. This work is critical for efficient, drill planning, resource work, environmental and project studies.
- Drill track and pad preparation Stromberg and Scaramanga areas.
- Land Access Meetings on ELA29240, ELA29241 and Stakeholder Meetings on ELA25171 and EL25222.
For the full release please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TUC-597879.pdf
Contact
TUC Resources Limited
Ian Bamborough, Managing Director
T: +61-8-8947-0944
E: ibamborough@tucresources.com.au
WWW: www.tucresources.com.au/
| ||
|
