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Murray Ward
Dateline Assets has hit paydirt from first-pass rock chip sampling at its district-scale Music Valley heavy uncommon earths venture in California, with one pattern returning a shocking 7.13 per cent whole uncommon earth oxides (TREO).
In a compelling validation of its exploration mannequin, the corporate says all 33 samples collected from floor returned anomalous uncommon earth grades, confirming widespread mineralisation and lighting up a number of targets throughout the sizeable 20,000 -acre venture space.
‘The presence of Y-HREE responses is a lead indicator of heavy uncommon earths inside the broader district.’
Dateline Assets managing director Stephen Baghdadi
The outcomes present Dateline with the primary geochemical affirmation for targets generated from its current high-resolution airborne magnetic and radiometric survey.
The corporate’s Southern goal space delivered the headline consequence, with one pattern grading an eye-watering 7.13 per cent TREO. What makes the consequence much more intriguing is that it’s not remoted.
Two different samples within the Southern space, between 650 and 800 metres away, additionally returned spectacular grades of two.32 per cent and 1.07 per cent TREO, respectively.
Dateline says the large spacing of those high-grade hits suggests the potential for a large-scale mineralised system. Moreover, the samples additionally present a powerful correlation with radiometric anomalies recognized in its current geophysical survey, reinforcing the concentrating on methodology.
In the meantime, within the Northwest goal space, mapping has recognized a 200-metre-long strike of the possible Pinto Gneiss host rock. Rock chips from this zone returned constantly anomalous outcomes, with grades starting from 1.09 per cent TREO within the north to 0.68 per cent TREO within the south.
The corporate says one pattern from this space, DC-25, returned the strongest magnet heavy uncommon earth suite in this system up to now. That includes 411 components per million (ppm) of the dear yttrium, dysprosium and terbium components.
Dateline’s third space, the Central goal, outlined a broad 500m by 500m zone of anomalous mineralisation, with all six samples taken within the space returning TREO values as much as 0.66 per cent.
Dateline Assets managing director Stephen Baghdadi mentioned: “The sampling has confirmed the presence of uncommon earths at floor throughout the whole sampled areas, with the NW Goal being the most important and most constant of the goal zones.”
The corporate solely consolidated the Music Valley venture in March, rising its footprint by an enormous 1800 per cent to sew collectively a commanding land place.
The bottom sits in a well-endowed US mining district simply 110km south of the one vital uncommon earths producer in the USA, MP Supplies’ huge Mountain Go mine, which hosts a hefty useful resource of 26.27 million tonnes at a whopping 5.89 per cent TREO.
While US Geological Survey geologists first flagged heavy uncommon earths mineralisation within the space greater than 70 years in the past, the prospect has seen little fashionable exploration till now.
Dateline’s method of leveraging historic work with fashionable exploration strategies seems to be paying early dividends. Having recognized a geological trifecta, beneficial host rocks, thorium anomalies and structural complexity, its first boots-on-the-ground sampling marketing campaign has now confirmed the chemistry is true at floor.
The corporate says it’s losing no time, with the geos already on-site to conduct infill sampling and refine targets for a maiden drill marketing campaign.
The Music Valley venture makes up only one a part of Dateline’s US-based exploration portfolio.
Its flagship Colosseum gold venture additionally sits near Mountain Go, simply 10km north of the operation. On prime of its gold stock, the venture is taken into account potential for heavy uncommon earths, with a ten,000-metre drilling marketing campaign, together with 18 holes particularly concentrating on uncommon earths, already underway.
A bankable feasibility research on Colosseum’s gold potential not too long ago outlined a pre-tax web current worth of US$785 million (AU$1.14 billion) and an inside price of return of 49.5 per cent.
Simply this week, the corporate acquired a major increase when the US Division of Justice filed a movement supporting its proper to function on the mine.
The US authorities is actively in search of to construct safe home provide chains for important minerals. Specifically, these tasks with real district-scale potential are attracting the majority of the eye.
Dateline went in search of a uncommon earths system at Music Valley, primarily based on outdated geological whispers and new-school geophysics. With its first spherical of sampling now returning high-grade outcomes throughout a number of, widespread targets, out of the blue, the whispers look like getting louder.
Is your ASX-listed firm doing one thing attention-grabbing? Contact: mattbirney@bullsnbears.com.au
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