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Lindsay Dudfield, Executive Director and CEO of Jindalee Resources Limited, Executed MOU with POSCO Holdings For Joint Research At McDermitt Lithium Project

JINDALEE RESOURCES LIMITED  (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potentially
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Eclipse Metals Ltd.: Application for a Drilling Permit at Grønnedal-Ika

 ECLIPSE METALS LTD (ASX – EPM) (Eclipse Metals and the “Company”) announced the promising presence of REE mineralization at Grønnedal-Ika from their field sampling in late 2021 and modelling of magnetic survey results. These exploration results provided Eclipse Metals with targets for REE mineralisation, following which, the Company applied for A DRILLING PERMIT FOR THE 2022 FIELD SEASON.

MAGNETIC MODELLING SURVEY RESULTS

Magnetic modelling provided a 3D model of the subsurface. This 3D model was further used to gain an understanding of the depth of mineralization and geometry of the bodies.

Following are the results obtained from Magnetic Modelling:

  • Sample analyses found a total REE mineralisation of up to 34,000 ppm from the carbonatite samples taken from Grønnedal-Ika. The analysis of the samples revealed the presence of Europium throughout the carbonatite intrusion.
  • Grønnedal-Ika contains well-known and accessible sources of carbonate rock. These are expected to be suitable for neutralizing acidic by-products from mines and processing water.
  • The magnetic modelling concluded that there is a strong correlation between the magnetic zones at Grønnedal-Ika and REE mineralization found in the assays. Additionally, assay results of samples with REE concentrations greater than 4,000 ppm are determined to be samples taken from contact zones of carbonatite or carbonatites from magnetic zones.

    • From the study, the team at Eclipse Metals has concluded that the magnetite mapped in the electromagnetic data likely clusters in the centre of the complex at Grønnedal-Ika.

    ECLIPSE METALS’ Executive Chairman CARL POPAL said, “We are delighted that our modelling and data review has helped determine an REE exploration targeting model and the mineralization’s spatial and genetic relationships. The findings have given us the confidence to proceed with a drilling program. We have applied with the Mineral Resource Authority in Greenland to conduct the drilling program in the field season of 2022.”

    FUTURE PLANS

    Eclipse Metals intends to conduct field reconnaissance, detailed geological mapping, data interpretation and integration, and testing of drilling targets in the Grønnedal-Ika Project. The Company is planning these and other follow-up investigations.

    Resource Link

    eclipse metals ltd


Location: Australia

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