Exploration Update
- Drilling approvals received to follow-up the high-grade El Campo 'lode'
- The El campo 'lode' returned 12.1% (121,388ppm) TREO from rock-chip samples
- Locksley has staked an additional 5.7km2 of mineral claims to the northeast of, and contiguous with, the North Claim Block
- Assays received from follow-up sampling of the North Claim Block, with further interpretation required to determine source of samples containing anomalous total rare earth oxide values
- The Mojave Project is immediately adjacent to the Mountain Pass REE Mine, the only operating REE mine in the US
Locksley Resources Limited (ASX:LKY) is pleased to announce it has received approvals to proceed with drilling at El Campo to follow-up the high-grade rare earth mineralization discovered on the El Campo Block (12.1% TREO1) and completion of the follow-up stream sediment sampling program within the North Claim Block - Mojave Project, CA.
Locksley Resources Limited Managing Director, Steve Woodham commented:
"With the receipt of the drill program approvals from the BLM for the El Campo Prospect, the Company is pleased to be able to follow-up on the sampling program which previously identified a prospective zone that continues for over 800 metres, including a rock chip assay of over 12% TREO.
The Company intends to mobilise a field team and drill rig to the El Campo Prospect as soon as practicable"
View the full announcement here.
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