Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Eclipse Metals Ltd Progresses Grønnedal Resource Expansion: Analytical Assessment of Historical Drill Core Samples Underway

by admin January 23, 2025
January 23, 2025
Eclipse Metals Ltd Progresses Grønnedal Resource Expansion: Analytical Assessment of Historical Drill Core Samples Underway

Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to update shareholders on recent progress at its Grønnedal prospect, located within the Ivigtût Project in southwestern Greenland. Building on the October 2024 announcement, the Company has taken significant steps to expand its maiden JORC Code (2012) compliant Mineral Resource Estimate (MRE). The current MRE, comprising 1.18Mt grading 6,859ppmm Total Rare Earth Oxides (TREO) (Table 1, Appendix 1), is based on limited shallow drill testing of a small section amounting to less than approximately 5% of a larger carbonatite complex that is enriched in rare earths mineralisation.

HIGHLIGHTS:

  • Calibrated Analysis in Progress: Samples from six historical Grønnedal drill holes are being used to refine and validate XRF results for precise resource estimation.
  • Focus on Rare Earth Elements (REE): Analytical emphasis on REE geochemistry, with additional investigation into niobium (Nb) and gallium (Ga) mineralisation.
  • Advanced Mineralogical Studies: Mineralogy using TIMA technology aims to correlate geochemical data with mineral phases.
  • Results Timeline: Laboratory analyses are underway in Sweden, with outcomes anticipated in Q1 2025.

In 1950, Kryolitselskabet Øresund A/S, (Cryolite Miner), drilled six diamond holes in the vicinity of the Grønnedal resource to test for a potential iron ore deposit. This drilling extends to depths of up to 200m. During 2024 Eclipse completed XRF analyses of the core from these drillholes, which is stored in Gothenburg. The analysis comprised automated core-scanning using the Minalyze XRF TruScan technology developed by Veracio in Gothenburg, Sweden,

The XRF analysis confirmed the qualitative presence of REE mineralisation. Selected intervals of the core are currently being verified by laboratory analysis. This phase focuses on REE geochemistry, particularly neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb), which are pivotal for magnet applications.

Selected samples are also being analysed by TIMA (TESCAN Integrated Mineral Analyser) mineralogical analysis in order to align chemical analyses with specific mineralogical features, thus enhancing the understanding of resource quality and distribution.

GEOLOGY

The Grønnedal MRE is located at the northern end of Central Carbonatite which covers an area of 1,400m by 750m (Figure 1). The Central Carbonatite forms part of a larger complex that includes the Northern Carbonatite that is yet to be tested for REE. The Central Carbonatite is enclosed within syenitic rocks and is intruded by a series of north-easterly trending dolerite, basaltic and trachytic dykes (Figure 2). The depth to which the carbonatite extends is yet to be determined. Data from the deeper historic diamond drillholes, all of which ended in mineralisation, reveal a minimum vertical extent of 170m.

The footprint of the current MRE is defined through shallow trenching and drilling over a 300m x150m area which represents a small fraction of the Central Carbonatite. The resource is open- ended in all directions and at depth. Confirmation of REE in the historic diamond holes, which were drilled outside of the resource envelope, is considered to be significant as it indicates continuation of mineralisation into areas that remain untested.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®
next post
Market Internals Point to Large Growth Leadership

Related Posts

Warriedar Delivers High Grade Gold Extensions at Ricciardo

March 18, 2024

Pepper Continues To Grow – 25.24m @ 16.66g/t

June 4, 2024

FPX Nickel Subsidiary CO2 Lock Corp. Closes $1.1...

October 3, 2023

Ukraine Rejects US Bid for Critical Minerals, Seeks...

February 19, 2025

Sirona Biochem Receives Commercial-Grade GlycoProteMim Based Anti-Aging Serum...

March 14, 2024

Omar Ayales: Gold Moves in 7 Year Cycles,...

November 28, 2023

What are Silver Futures? (Updated 2023)

September 1, 2023

Top 10 Oil-producing Countries (Updated 2023)

June 23, 2023

5 Top Weekly TSX Stocks: Oil and Gas...

September 4, 2023

December Quarterly Appendix 4C

January 31, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

    • Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    Categories

    • Business (1,223)
    • Investing (2,504)
    • Politics (3,699)
    • Stocks (1,616)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved