{"id":6347,"date":"2024-02-26T02:00:12","date_gmt":"2024-02-26T02:00:12","guid":{"rendered":"https:\/\/economicherald.net\/?p=6347"},"modified":"2024-02-26T02:00:12","modified_gmt":"2024-02-26T02:00:12","slug":"ark-mines-pulls-in-82-of-rare-earth-assays-as-part-of-stage-1-drilling-at-sandy-mitchell","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6347","title":{"rendered":"Ark Mines pulls in 82% of rare earth assays as part of Stage 1 drilling at Sandy Mitchell"},"content":{"rendered":"<p>Latest assays for the Stage 1 drilling program at Sandy Mitchell returned an average TREO, yttrium and scandium grade of 514ppm<br \/>\nArk Mines reported a maximum grade of 3,525ppm from latest drilling campaign in North Queensland<br \/>\nThese results, along with Stage 2 drilling, will form the basis of a maiden resource due later this year <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em>: New drilling results at Ark Mines\u2019 Sandy Mitchell project confirmed rare earth elements (REE) and heavy mineral intersections in every metre sampled, consistent with previous hits at a slightly higher grade. <\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/ark-mines-ahk\/\"><strong>Ark Mines (ASX:AHK)<\/strong><\/a> reports the ongoing receipt of assays from the 144-hole Stage 1 drill program at Sandy Mitchell in North Queensland continue to impress, with the latest batch of results showing another upgrade in total rare earth oxide (TREO) grades and the emerging quality of mineralisation.<\/p>\n<p>An average grade per-metre for TREO, plus scandium and yttrium, returned 514ppm. The maximum grade recorded was 3,525ppm.<\/p>\n<p>The average zircon oxide grade for every metre assayed is now 435ppm with a maximum grade of 2,388ppm.<\/p>\n<p>AHK says the final assays for the Stage 1 program are due in the coming weeks, prior to first assays from the 2,426m Stage 2 program which extended average metre depths from 10.5m to 12.9m.<\/p>\n<p>Sandy Mitchell Rare Earth and Heavy Mineral project location. Pic via AHK<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Moving towards a maiden resource <\/strong><\/h2>\n<p>AHK executive director Ben Emery says the results from the Phase 1 program continue to validate the company\u2019s development strategy for Sandy Mitchell, which is based on low-cost, straightforward beneficiation by gravity processing.<\/p>\n<p>\u201cRecall that the initial round of beneficiation test work carried out in November was already returning a commercial grade rare earth concentrate of 51.9% TREO or 519,000ppm,\u201d he says.<\/p>\n<p>\u201cThese assays represent a significant increase in REE grades, which bodes well for our processing strategy.<\/p>\n<p>\u201cThe whole team is excited over what this means for the project as we now move towards a maiden MRE at Sandy Mitchell later this year.\u201d<\/p>\n<p>Sandy Mitchell initial resource drilling areas showing hole collar location, colour coded by drilling stage and showing which holes have full or partial assay return to date. Pic via AHK<\/p>\n<p>\u00a0<\/p>\n<h2><strong>PFS work ramps up<\/strong><\/h2>\n<p>The maiden resource, which will include results from both the Stage 1 and Stage 2 drilling programs, is expected to form the basis of a pre-feasibility study (PFS).<\/p>\n<p>AHK says the study will be prepared in collaboration with third-party mineral processing specialists to optimise future project economics.<\/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 Ark Mines, 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\/ark-mines-pulls-in-82-of-rare-earth-assays-as-part-of-stage-1-drilling-at-sandy-mitchell\/\">Ark Mines pulls in 82% of rare earth assays as part of Stage 1 drilling at Sandy Mitchell<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Latest assays for the Stage 1 drilling program at Sandy Mitchell returned an average TREO, yttrium and scandium grade of 514ppm Ark Mines reported a <a href=\"https:\/\/economicherald.net\/?p=6347\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6348,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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