MTM (ASX:MTM) secure drilling at Pomme
April 24, 2023MTM Critical Minerals have secured a contractor to complete its maiden 10-hole, 5000-metre diamond drilling campaign across its Pomme rare earth and niobium acquisition in the Canadian province of Quebec.
The Company, formerly named Mt Monger Resources, will evaluate the overall geology of the project’s rare earth and niobium-enriched carbonatite intrusion, defining grade and continuity from what has been indicated as a highly prospective exploration target.
MTM Managing Director Lachlan Reynolds said the company was looking forward to generating new drill cores from an exciting project after a decade-long hiatus.
“Securing a suitable diamond drilling rig for the program at the Pomme project is a key step in the implementation of our exploration of the Pomme carbonatite complex for a new rare earth element and niobium resource,” he said.
A pair of historic drill holes returned exceptional results in times of lesser rare earth interest, confirming mineralisation over 478m from 25m, with grades as high as 1.58 per cent total rare earth oxides and 0.19 per cent niobium.
Quebec has several geological features favourable for forming rare earth deposits, including carbonatite intrusions. Pomme sits on the doorstep of Geomega Resources’ world-class Montviel deposit, which holds a total resource of 266 Mt @ 1.45% TREO & 0.14% Nb2O5.
MTM has entered into a binding agreement with Geomega to acquire a complete interest in the Pomme claims, and first-pass drilling is now booked for May on the company’s move towards discovery in the Great White North.
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