The Wicheeda undertaking has indicated mineral assets of 4,890,000 tonnes averaging 3.02% LREO (Gentle Uncommon Earth Components) and inferred mineral assets of 12,100,000 tonnes averaging 2.90% LREO. Drilling at Wicheeda has accomplished over 1,500 metres in eight diamond drill holes accomplished up to now since marketing campaign began in September.
In January, the corporate commissioned the Saskatchewan Research Council (SRC) to finish an X-ray transmission sorting amenability research on mineralized feed sourced from Wicheeda.
Rig #1 is predicted to proceed drilling on the north finish of the Wicheeda REE Deposit, whereas rig #2 is predicted to start coring a collection of infill holes throughout the central deposit space by mid-week, the corporate mentioned.
“With this extra drilling capability, we anticipate to be well-positioned to ship on our 2021 exploration targets. Primarily based on contractor negotiations, we anticipate the second drill rig to be in a positioned to start coring by the mid-week,” Protection Metals CEO Craig Taylor mentioned in a media assertion.
Protection Metals’ inventory was up over 7% by mid-afternoon in Toronto. Buying and selling quantity reached 335,440 – the every day common is 205, 349. The corporate has a $C24.1 million ($19.1m) market capitalization.