Prospech Limited (ASX:PRS) Announces Strong Drill Assay Results
Drill Assay Results
Prospech Limited has released new assay results from its Korsnäs REE project, extending the reported resource estimate envelope with significant heavy rare earth elements, including up to 58 ppm Terbium and 206 ppm Dysprosium. The results correlate well with known gravity low anomalies and modern drilling, confirming the strength and continuity of high-grade mineralised zones.
Resource Estimate Update
The latest data will be incorporated into a revised resource estimate, enhancing the company’s understanding of the deposit. The mineralisation remains open along strike and at depth, indicating further exploration potential.
Executive Comments
Prospech’s Managing Director, Jason Beckon, stated, “These results confirm the strongest mineralised intercepts we have seen to date, reinforcing the continuity of these high-grade zones. Additional assay results are expected by the end of February, which will further enhance our reported resource estimate and our understanding of the deposit.
At the same time, as highlighted in our recent quarterly report, metallurgical test work is progressing well. Sampling of hard rock core is underway at GTK Mintec, while tailings samples are being analysed at the Mining School Oulu laboratories.
We look forward to providing regular updates in the coming weeks as we receive further assay results and metallurgical data.”
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