New Heavy Rare Earth Drill Results
Perth, Sep 19, 2012 AEST (ABN Newswire) - TUC Resources Limited (
ASX:TUC) announce new drilling at Stromberg has proven the continuity of higher grade zones over a +2km strike length.
Step out drilling has significantly increased mineralised envelopes.
First phase RC drilling at the nearby Scaramanga Prospect, some 5km NE of Stromberg, has confirmed HREE mineralisation. This substantially increases the potential of the greater Stromberg District.
Highlights at Stromberg
- Recent significant intersections returned at Stromberg include:
-- STRC64 - 5m @ 0.43% TREO (81.9% HREO/TREO) from 6m including 1m @ 0.92% TREO from 8m;
-- STRC58 - 3m @ 0.52% TREO (88.6% HREO/TREO) from 7m;
-- STRC68 - 2m @ 0.43% TREO (95.6% HREO/TREO) from 14m.
- HREE mineralisation is in near surface, flat tabular bodies.
- Xenotime hosted mineralisation remains open in both cross section and strike.
- The distribution of valuable and high demand heavy rare earths in recent intersections is an excellent 8% Dysprosium/TREO, 65% Yttrium/TREO and 5% Erbium/TREO.
Highlights at Scaramanga
- First pass broad spaced drilling at the Scaramanga HREE Prospect has successfully defined mineralisation in the same geological setting to Stromberg. Significant intersections include:-
-- SCRC07 - 2m @ 0.12% TREO (81.2% HREO/TREO) from 10m;
-- SCRC02 - 5m @ 0.1% TREO (70% HREO/TREO) from 10m.
- Two distinct HREE mineralised horizons have been noted.
- Notably, these results have confirmed significant exploration upside exists within a short distance of Stromberg, as well as highlighting the broader district potential (prospects such as the nearby Knightfall).
- Infill drilling is planned at Scaramanga to target higher grade mineralisation.
Stromberg
The recent completion of 16 RC drillholes at the Stromberg Prospect has confirmed both the presence of significant near surface HREE mineralisation, and TUC's exploration models. Importantly, mineralisation is now clearly defined over the prospect strike length (Figure 1). Table 1 details all significant intercepts. Hole details from the most recent program are noted in Table 2.
Step out drilling has significantly increased mineralised envelopes. Figure 2 illustrates the effect of step out drilling with results returned in hole STRC58 having doubled the extent of the mineralised envelope. Xenotime hosted mineralisation remains open in both cross section and strike.
Assays results from recent sample/resample of all drilling to date have returned notable quantities of Scandium (Sc) (59ppm Sc average above a 0.2% TREO cut off). Although not significant on its own, it does provide an extra possible revenue stream for the Stromberg Prospect.
Further Work at Stromberg — Diamond Drilling Planned
Diamond drilling is planned for September 2012 at Stromberg to provide metallurgical samples.
Scaramanga HREE Prospect
First pass RC drilling at the Scaramanga HREE Prospect, approximately 5km from Stromberg, has successfully intersected HREE mineralisation of a similar nature to the Stromberg mineralisation. Of the 7 holes drilled, 6 intersected anomalous HREE mineralisation at shallow levels, including multiple zones, in similar geology to Stromberg (Figure 3). Significant Scaramanga intercepts are listed in Table 1. Drilling remains broadly spaced (~100m) and infill drilling is planned to target higher grade mineralisation. Higher grade zones at Stromberg have usually been defined with <25m spacing. Drilling remains open between the two sections (~800m apart). Table 1 lists significant Scaramanga drilling intercepts, Table 2 shows drillhole details.
Importantly, the Scaramanga results have confirmed significant exploration upside exists within a short distance of Stromberg, as well as highlighting broader district potential (prospects such as the nearby Knightfall (Figure 4)).
To View the complete TUC Resources announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-TUC-604557.pdf
Contact
TUC Resources Limited
Ian Bamborough, Managing Director
T: +61-8-8947-0944
E: ibamborough@tucresources.com.au
WWW: www.tucresources.com.au/
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