Prospech Limited provided a comprehensive update on its Korsnäs REE project. Assessment of a large amount of data associated with the historic Korsnäs lead mine resulted in the recognition of the projects, previously overlooked, REE potential. Resampling of historic drill core resulted in locally thick and high-grade intersections of REE mineralization, e.g., 27.6m @ 19,744ppm TREO, with a large amount of assay data still pending. The company notes that the amount and quality of the historic drill data should provide a solid foundation for a JORC resource estimation with only a limited number of twin or infill drill holes needed.
Korsnäs project exploration map highlighting five negative gravity anomalies that correlate with shallow REE mineralization (Source: www.prospech.com.au)
