AuKing Mining has shared its exploration plans for the Myoff Creek Niobium and Rare Earth Element Project in Canada and Proactive’s Tylah Tully brings us Just the Facts.
AKN intends to carry out an extensive program throughout the remainder of the year including an airborne geophysical survey covering a carbonatite zone over six by one and a half kilometres.
It’s previously explored this area, retuning up to 0. 93% niobium and 2.06% total rare earth oxides.
The mineralisation in this zone is believed to remain open at depth and along strike, with potential for further discoveries.
Given the high market interest in niobium, the company is keen to accelerate exploration … hoping to capitalise on the current momentum.
“Myoff Creek is situated in south-eastern British Colombia and has been the subject of exploration activities for 40 years,” AKN managing director Paul Williams said.
“Previous exploration activities (including drilling programs) have identified a 1.4-kilometre by 0.4-kilometre area of near-surface niobium-REE bearing carbonatite hosted mineralisation.
“This work was focused on the northern area of the tenure package. We intend to use that historical exploration background to carry out a combination of airborne radiometric surveys and rock chip/soil sampling across the entire tenure area over the next few months.”
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
