Locksley Resources (ASX: LKY) has recently gained recognition in Small Caps for its exploration success. The company's latest campaign over the Mojave project yielded stream sediment sampling results, revealing anomalous findings ranging from 0.103% (1,030 parts per million) to 0.26% (2,600 parts per million) total rare earth oxide (TREO).
Locksley Resources
The Small Caps article states:
Locksley Resources (ASX: LKY) is continuing to unlock the potential of a large rare earth elements opportunity located in the USA’s most prospective home for the highly valuable critical metal.
Sited in the Mojave Desert of California, Locksley’s Mojave Project is in the same neighbourhood as the largest and only currently operating rare earth mine in the US, the MP Materials operated Mountain Pass project.
"The recent stream sediment sampling program has provided further encouraging grades, indicating six catchment areas with elevated TREO results up to 0.26%."
Steve Woodham, Managing Director, Locksley Resources.
The Small Caps article further states;
The recent first-pass stream sediment sampling program was designed to collect samples from dry stream beds over a broadly spaced area within the North Block as an early exploration tool to cover large areas of the claims with the aim of identifying smaller areas of interest that require additional ground reconnaissance.
Six catchment areas have been identified as potential source areas for rare earth element mineralisation in the North Block of the Mojave Project.
Seven stream sediment samples have identified highly anomalous rare earth element potential, resulting in erosion from nearby surrounding outcrops.
The Mojave Project consists of three areas: the North Block comprised of 164 claims totalling 14.9 sq km, South Block comprising of 32 claims totalling 3.5 sq km, and the El Campo Prospect comprising of 5 claims totalling 0.34 sq km.
Read the full Small Caps article here.
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