Cygnus Metals Limited (ASX: CY5) has received further high-grade assays from air core drilling at its Bencubbin Rare Earths Project, Western Australia.
During Q4 2023, the company completed an additional 40 air-core drill holes in the north-east part of the Bencubbin Project to expand drill coverage and test the scale of REE enrichment along the entire 22km strike length.
Managing director, David Southam, said “These results highlight the size potential of this promising rare earths discovery at Bencubbin. Now that initial drilling has confirmed both the high-grade nature and substantial scale potential of the mineralization, we have commenced metallurgical tests with the best in the business; the first programme of its kind to be undertaken in this part of Western Australia.”
Highlights from the new assay results include:
• 25m @2,745ppm TREO from 52m, including 8m @5,617ppm TREO
• 51m @1,108ppm TREO from 39m, including 14m @2,032ppm TREO
• 41m @1,219ppm TREO from 47m
Cygnus Metals has reported that the latest results have significantly increased the scale of the mineralization, extending it from a strike length of 4.5km to now greater than 22km, and still open.
Additionally, the mineralization demonstrates enrichment above the entire granite intrusion, believed to be the potential source of mineralization. The enrichment currently extends through all the drill lines completed to date, defining a mineralized zone that is more than 2.8km wide which remains open to the centre.
Mr. Southam continued, “While our clear focus remains on lithium in James Bay, Quebec, we are going to complete the required work to unlock the full value of what Bencubbin could mean for our shareholders. Our small, dedicated Australian team will now focus on some follow-up value-adding work while samples are being completed for the very important metallurgical test work programme.”
The company has selected samples for an initial metallurgy programme to be conducted through industry leader ANSTO Minerals, the Australian Nuclear Science and Technology Organization, which has extensive experience in REE processing.
To find out more, please visit www.cygnusmetals.com
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