The Great Assets
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

The Great Assets

Investing

Eclipse Metals Ltd Progresses Grønnedal Resource Expansion: Analytical Assessment of Historical Drill Core Samples Underway

by admin January 23, 2025
January 23, 2025
Eclipse Metals Ltd Progresses Grønnedal Resource Expansion: Analytical Assessment of Historical Drill Core Samples Underway

Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to update shareholders on recent progress at its Grønnedal prospect, located within the Ivigtût Project in southwestern Greenland. Building on the October 2024 announcement, the Company has taken significant steps to expand its maiden JORC Code (2012) compliant Mineral Resource Estimate (MRE). The current MRE, comprising 1.18Mt grading 6,859ppmm Total Rare Earth Oxides (TREO) (Table 1, Appendix 1), is based on limited shallow drill testing of a small section amounting to less than approximately 5% of a larger carbonatite complex that is enriched in rare earths mineralisation.

HIGHLIGHTS:

  • Calibrated Analysis in Progress: Samples from six historical Grønnedal drill holes are being used to refine and validate XRF results for precise resource estimation.
  • Focus on Rare Earth Elements (REE): Analytical emphasis on REE geochemistry, with additional investigation into niobium (Nb) and gallium (Ga) mineralisation.
  • Advanced Mineralogical Studies: Mineralogy using TIMA technology aims to correlate geochemical data with mineral phases.
  • Results Timeline: Laboratory analyses are underway in Sweden, with outcomes anticipated in Q1 2025.

In 1950, Kryolitselskabet Øresund A/S, (Cryolite Miner), drilled six diamond holes in the vicinity of the Grønnedal resource to test for a potential iron ore deposit. This drilling extends to depths of up to 200m. During 2024 Eclipse completed XRF analyses of the core from these drillholes, which is stored in Gothenburg. The analysis comprised automated core-scanning using the Minalyze XRF TruScan technology developed by Veracio in Gothenburg, Sweden,

The XRF analysis confirmed the qualitative presence of REE mineralisation. Selected intervals of the core are currently being verified by laboratory analysis. This phase focuses on REE geochemistry, particularly neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb), which are pivotal for magnet applications.

Selected samples are also being analysed by TIMA (TESCAN Integrated Mineral Analyser) mineralogical analysis in order to align chemical analyses with specific mineralogical features, thus enhancing the understanding of resource quality and distribution.

GEOLOGY

The Grønnedal MRE is located at the northern end of Central Carbonatite which covers an area of 1,400m by 750m (Figure 1). The Central Carbonatite forms part of a larger complex that includes the Northern Carbonatite that is yet to be tested for REE. The Central Carbonatite is enclosed within syenitic rocks and is intruded by a series of north-easterly trending dolerite, basaltic and trachytic dykes (Figure 2). The depth to which the carbonatite extends is yet to be determined. Data from the deeper historic diamond drillholes, all of which ended in mineralisation, reveal a minimum vertical extent of 170m.

The footprint of the current MRE is defined through shallow trenching and drilling over a 300m x150m area which represents a small fraction of the Central Carbonatite. The resource is open- ended in all directions and at depth. Confirmation of REE in the historic diamond holes, which were drilled outside of the resource envelope, is considered to be significant as it indicates continuation of mineralisation into areas that remain untested.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®
next post
Financial Agreement signed releasing $2M grant

Related Posts

Robert Sinn: Gold to Benefit as US-China Relations...

January 29, 2025

CONNEQT Launches Apple Health Integration on iPhone

April 1, 2025

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 19, 2025

Pinnacle Provides Update on Proposed Acquisition of El...

January 30, 2025

Opawica Explorations Announces Non-Brokered Private Placement for Aggregate...

March 15, 2025

Shallow, high-grade gold in Sandstone drilling

April 10, 2025

FREEGOLD VENTURES LIMITED. ANNOUNCES $30 MILLION BEST EFFORTS...

March 18, 2025

How to Invest in Biotechnology (Updated 2024)

February 19, 2025

Types of Iron Ore: Hematite vs. Magnetite

February 5, 2025

Forum Energy Metals to Attend PDAC Convention March...

March 1, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Top 11 Countries by Rare Earth Metal Production

      February 27, 2025
    • 2

      Capital One outage drags into Friday afternoon, leaving some customers without deposit access

      January 23, 2025
    • 3

      Altech Batteries LtdCERENERGY Accredited Highest Possible Green Rating

      January 24, 2025
    • 4

      Altech – CERENERGY Accredited Highest Possible Green Rating

      January 24, 2025
    • 5

      Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

      January 23, 2025
    • 6

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 7

      Strategic Alliance with Macmahon to Accelerate Redevelopment of Nifty

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: thegreatassets.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 thegreatassets.com | All Rights Reserved