{"id":711,"date":"2023-10-31T00:20:43","date_gmt":"2023-10-31T00:20:43","guid":{"rendered":"https:\/\/economicherald.net\/?p=711"},"modified":"2023-10-31T00:20:43","modified_gmt":"2023-10-31T00:20:43","slug":"5pc-rare-earths-over-800m-of-strike-theres-lots-to-like-about-many-peaks-emerging-odyssey-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=711","title":{"rendered":"5pc rare earths over 800m of strike? There\u2019s lots to like about Many Peaks\u2019 emerging Odyssey project"},"content":{"rendered":"

Surface campaigns have defined over 2.2km strike of TREO (total rare earths) across the Mann 2 corridor at the Odyssey project in Canada\u2019s Labrador province
\n>5% TREO results located within 800mextentwithin the Mann 2 corridor \u2013up to 6.3% TREO in recent results and up to 9.3% TREO in previous results
\nHigh-value NdPr averages 20% of the combined TREO values in reported results<\/p>\n

\u00a0<\/p>\n

Exploration at the Mann 2 prospect at Many Peaks\u2019Odyssey REE project show up to 6.3% TREO in recent sampling, and combined with previous work hosts multiple >5% TREO results over a >800m strike length within a 2.2km long mineralised (>1% TREO) corridor.<\/strong><\/p>\n

Many Peaks\u2019 (ASX:MPG)<\/strong><\/a> Odyssey is in the Red Wine rare earth element (REE) district in Canada\u2019s Labrador province and is host to more than a dozen REE, zircon and niobium occurrences.<\/p>\n

20km east of Odyssey, the Two Tom project is along the same horizon and has an inferred resource of 40.6Mt @ 1.18% TREO, with 0.244% NdPr and 0.26% niobium (Nb2O5).<\/p>\n

Neodymium and praseodymium (NdPr) are high value REEs and critical inputs into the clean energy sector, required for generating low-weight permanent magnets for use in numerous applications, like EVs and wind turbines.<\/p>\n

While not a rare earth, niobium \u2013 a high-value element used for strengthening steel and widely used in the aerospace industry \u2013 is often found within NdPr-laden REE deposits.<\/p>\n

Geology of the Red Wine REE district with historical project locations. Pic supplied: (MPG)<\/p>\n

\u00a0<\/strong><\/p>\n

Plus kilometre-long high grade targets<\/strong><\/h2>\n

Surface geochemistry and mapping campaigns have defined >800m strike of >5% total rare earth oxides (TREO) at Odyssey across two zones of sampling located within the 2.2km long corridor of sampling with >1% TREO surface geochemistry results.<\/p>\n

TREO values across the project area are well endowed with NdPr, On averaged comprising 20% of the total rare earth oxide values reported<\/p>\n

Assay highlights at highly prospective targets include up to 6.3% TREO with 1.34% NdPr at Mann 2 West and up to 5.8% TREO with 1.16% NdPr at Mann 2 East.<\/p>\n

Results also identified additional areas of outcrop and sub-cropping mineralisation along trend from previous assay work.\u00a0 The additional sampling supports the potential for continuity between the zones and extends the strike of >5% TREO values at surface.<\/p>\n

Recent work also highlights a third, sub-parallel trend of mineralisation within the Odyssey project.\u00a0 The newly defined trend of mineralisation returns several >1% TREO results within 700m extent and combined with previous sampling work forms a 1km long trend of mineralisation located immediately north of the high-grade results reported in the Mann 2 corridor.<\/p>\n

Sampling results from the Odyssey project. Pic supplied: (MPG)<\/p>\n

Many Peaks exec chair Travis Schwertfeger says the new channel and surface sampling results are very exciting.<\/p>\n

\u201cThe recent surface geochemistry campaign at Odyssey supports lateral extensions of high-grade mineralisation, \u00a0outlining significant size and bulk tonnage potential at Odyssey where multiple targets have been highlighted for follow-up work.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Many Peaks Gold, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post 5pc rare earths over 800m of strike? There\u2019s lots to like about Many Peaks\u2019 emerging Odyssey project<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Surface campaigns have defined over 2.2km strike of TREO (total rare earths) across the Mann 2 corridor at the Odyssey project in Canada\u2019s Labrador province [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":712,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n5pc rare earths over 800m of strike? 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