{"id":3820,"date":"2023-12-29T00:54:51","date_gmt":"2023-12-29T00:54:51","guid":{"rendered":"https:\/\/economicherald.net\/?p=3820"},"modified":"2023-12-29T00:54:51","modified_gmt":"2023-12-29T00:54:51","slug":"dy6-metals-uncovers-more-outstanding-ree-and-niobium-intersections-at-machinga","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3820","title":{"rendered":"DY6 Metals uncovers more \u2018outstanding\u2019 REE and niobium intersections at Machinga"},"content":{"rendered":"<p>DY6 has received the assay results from eight drill holes which returned intersections of up to 15.1m @ 1.01% TREO with substantial niobium<br \/>\nResults will feed into the geological model and guide the next exploration program<br \/>\nDY6 is now moving towards progressing a technical evaluation of the mineralisation at Machinga<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> DY6 Metals has made positive progress at the Machinga heavy rare earths (HREE) project with the return of 8 diamond drill hole results, improving the interpretation of the system and guiding the next phase of exploration. <\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/dy6-metals-dy6\/\">DY6 Metals (ASX:DY6)<\/a> has been on the move at its flagship Machinga project in Southern Malawi, chasing high value, heavy rare earth elements (REEs) such as dysprosium and terbium, as well as niobium and tantalum.<\/p>\n<p>Only 40km from Lindian Resources\u2019 (ASX:LIN) 261Mt Kangankunde project \u2013 one of the biggest rare earth projects outside of China \u2013 DY6 has had some success with the drill bit with recently returned hits such as 11m @ 0.74% TREO and 0.29% niobium from surface.<\/p>\n<p>But the momentum is not slowing down just yet, with a 8-hole diamond drill program carried out to determine the structural setting and geology of the Machinga deposit, as well as obtain material for initial metallurgical studies.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Drilling results <\/strong><\/h2>\n<p>Results from this program include:<\/p>\n<p>15.1m at 1.01% total rare earth oxides (TREO), 0.36% niobium from 23.9m, including 4m at 1.75% TREO and 0.63% niobium;<br \/>\n9m at 0.70% TREO, 0.3% niobium from 3m, including 2m at 1.2% TREO, 0.58% niobium from 6m; and<br \/>\n6.1m at 1.09% TREO, 0.4% niobium from 22.5m.<\/p>\n<p>DY6 says the results returned an average of 29% HREO:TREO and 3.6% DyTb:TREO at a cutoff grade of &gt;0.25%TREO.<\/p>\n<p>A strongly mineralised hydrothermal breccia system striking NW-SE and dipping shallowly ~35\u00b0 to the NE has been confirmed by the recent drilling, along with the intersection of \u201cvery high-grade\u201d zones, which DY6 says suggests the thickening at depth and open to the NE.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Results to feed into current geological model <\/strong><\/h2>\n<p>\u201cThe assay results are showing outstanding intersections across multiple drill holes, especially MMD007 returning 15.1m @ 1.01%TREO with substantial niobium grade, and a high proportion of valuable heavy rare earth elements from holes drilled for metallurgical material,\u201d DY6 CEO Lloyd Kaiser says.<\/p>\n<p>\u201cThese assay results and historic intersections will feed into our current geological model to guide our next exploration program design.<\/p>\n<p>\u201cThe company now moves towards progressing a technical evaluation of the mineralisation to target a REO concentrate and niobium by-product\u201d.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>What\u2019s around the corner? <\/strong><\/h2>\n<p>DY6 says the next stage of the exploration program is already underway with further rock chip sampling at Machinga in the hopes to delineate high priority targets for the Phase 2 drill program next year.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with DY6 Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/dy6-metals-uncovers-more-outstanding-ree-and-niobium-intersections-at-machinga\/\">DY6 Metals uncovers more \u2018outstanding\u2019 REE and niobium intersections at Machinga<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>DY6 has received the assay results from eight drill holes which returned intersections of up to 15.1m @ 1.01% TREO with substantial niobium Results will <a href=\"https:\/\/economicherald.net\/?p=3820\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3821,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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