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RareX rattles for rocks
Firm commitments to raise $2.3 million will
strengthen RareX Ltd’s balance sheet ($6.1
million) giving it the clout for an upcoming
maiden drilling programme at its 100%-owned
Cummins Range rare earths project in the
Kimberley region of Western Australia.
The last time drilling was undertaken at
Cummins Range was in 2011, with RareX tar-
geting extensions to the existing resource, as
well as new satellite discoveries.
In the meantime, RareX’s 35% free-carried
interest in the Trundle copper-gold porphyry
project in New South Wales alongside Kincora
Copper Ltd (65%) is creating some excitement
within the company.
“We are in the midst of a potentially game-
changing drill programme at the Trundle pro-
ject in NSW, where the Kincora team have
intersected significant porphyry mineralisa-
tion in the first two diamond drill holes,” RareX Magmatic’s drilling programme was designed to test zones of strong chargeability,
chairman John Young said. “The third hole is in conductivity anomalism and the interpreted core of the Lady Ilse porphyry system
progress and we are eagerly awaiting further
results, and assays, from this maiden drill pro- Bulletin’s out, Hastings contracts driller
gramme.”
read all about it for Yangibana
Wide-spaced drilling has confirmed
Hastings Technology Metals Ltd has
Magmatic goes strong gold mineralisation extends from Apollo engaged a drilling contractor for its 2020
in NSW Consolidated Ltd’s 1 moz Rebecca gold exploration programme at Yangibana rare
deposit at least 600m along strike into earths project in Western Australia.
Magmatic Resources Ltd started a 14-hole Lake Rebecca, owned by Bulletin Re- The programme will include 20,000m of
RC drilling programme at the Lady Ilse gold- sources Ltd. RC drilling for additional resource definition;
copper porphyry target, within the company’s Bulletin reported that the Rebecca 3,000m of diamond drilling for metallurgical
100%-owned Wellington North project, New gold mineralisation trend remains open sampling and about 5,000m of grade con-
South Wales, in late June. to the north-west with potential to in- trol drilling over the planned start-of-mine
The programme was designed to test crease the 600m strike extent. resource area on the Bald Hill deposit.
zones of strong chargeability, conductivity Results from 3m composite sampling The priority focus of the programme is
anomalism and the interpreted core of the included 3m @ 1.44 g/t gold from 72m; to test a series of highly prospective exten-
Lady Ilse porphyry system. 6m @ 1.24 g/t from 93m and 18m @ sional targets within the Yangibana project,
Following completion of drilling at Lady Ilse, 0.58 g/t from 57m. with the intention of increasing the existing
a four-hole RC drilling programme at Boda Bulletin believes a second identified 21.25mt resource and extending planned
North was scheduled to begin in early July. trend of gold mineralisation means that mine life. The primary target of the program
The aim of the Boda North programme is the Lake Rebecca area has strong po- is the Bald Hill-Simons Find, Frasers and
to test strong chargeability and conductiv- tential for additional significant minerali- Auer trends, which are the closest deposits
ity anomalism in the northern extents of the sation. to the permitted processing plant.
Boda porphyry belt, along strike from Alkane Drilling started in June and is expected to
Resources Ltd’s Boda gold-copper porphyry run until October.
discovery.

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aUSTRaLIa’S PaYDIRT JULY 2020 Page 71