Mount Ridley kicks off rare earths drilling campaign
ASX-listed Mount Ridley Mines has launched a four-stage drilling program at its namesake rare earths project near Esperance. The company is seeking to confirm a significant deposit with the campaign designed to lift the veil on the degree of mineralisation across the 3,400 square kilometre tenure that was previously probed between 2014-2016.
Mount Ridley is aiming to complete a maiden mineral resource estimate at the project this year and says its focus will be on homing in on high priority target areas to move the needle forward. Stage two is a regional play that will make use of the existing network of tracks, grids and firebreaks. Aircore drilling will be completed with wide-spaced reconnaissance holes to quickly map the extent of rare earths mineralisation and sniff out higher-grade internal zones.
Stage three will see the company complete drilling across the flanks of defined mineralisation to expand its primary targets. Mount Ridley has a heritage management plan in place and is preparing a clearing permit for a 180 square kilometre region to accommodate the work. The fourth and final stage will be a resource drill out.
Mount Ridley says it will look to utilise an independent geological expert to advise on the project’s final stage and to integrate historical data and the results of the previous stages upon its completion.