mount ridley mines
Mount Ridley is a company targeting demand driven metals in Western Australia.
Its two core projects are the recently acquired Weld Range West Iron Project in the Western Australia Mid-West Iron Provence and the Mount Ridley Nickel, Copper and PGE Project located in the Western Fraser Ranges of Western Australia.
The company is pleased to provide an update on its 100% owned Mount Ridley Project.
Re-assay of a further 160 air core sample pulps from 59 drill holes (drilled from 2017 to 2019) at the Winston’s and Keith’s Prospects have returned significant rare earth element (REE1) values extending prospective horizons to in excess of 25 strike kilometres.
Mount Ridley’s Chairman Peter Christie commented:
“The identification of relatively shallow REE accumulations within the Company’s extensive land holding was the result of a re-examination of previous drilling data at the Mount Ridley Project over the previous 5 years.
We now have an interesting REE project on our hands and while it is early days in our technical analysis, the preliminary TREO grades and lateral extent of mineralisation would seem to indicate a rare earth project worthy of detailed investigation.
The next step is to determine the nature of the mineralisation and by what means the REE’s are going to be extractable.”