Exploration Update
- Surface sampling program has returned very high-grade assays up to 12.1% (121,388 pm) Total Rare-Earth Oxide (TREO's) and 3.19% (31,940 ppm) NdPr!.
- A total of 171 rock-chip samples have been assayed for a full suite of elements by American Analytical Services (AAS).
- 12 rock-chip samples returned TREO grades over 1%.
- The mapping and sampling program identified a 860m long interpreted prospective horizon associated with high-grade outcropping samples between 1.03% and 12.1% TREO.
- Applications for drilling have been lodged with the BLM (Bureau of Land Management) to undertake 5-6 diamond holes to follow-up the high-grade TREOs. Drillholes will target the El Campo 'lode'.
Figure 1: Historic El Campo ‘lode’ running 12.1% TREO – Dipping 75° to the south-west
Locksley Resources Limited (ASX:LKY) (“Locksley” or “the Company”)is excited to announce that the rockchip sampling program recently completed over Mojave’s North Block, South Block, and EL Campo leases have returned 12 high-grade samples ranging from 1.03% to 12.1% TREO along the interpreted mineralised horizon located within the highly prospective rare-earth-elements (REE) project in the Mojave Desert, USA.
Locksley Resources Limited Managing Director, Steve Woodham commented:
“The recent successful mapping and sampling program at the MojaveProject area has identified a prospective zone that continues for over 800 meters, including a rock chip assay of over 12% TREO. These grades are significant and provide the group with strong drilling targets which will commence on receipt of the drilling approvals.”
View the full ASX announcement here.
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