MetalsGrove awards maiden drilling contract

MetalsGrove Mining (ASX: MGA) has announced that it has signed a drilling contract with Topdrill Pty Ltd for a maiden reverse circulation (RC) drilling program at the Bruce REE Project in the Northern Territory.

The program, which is set to commence in Q2 CY2023, will drill 2,000 metres and test high priority targets, including a broad conductor and a large intrusive system.

The Bruce REE Prospect is located in the Arunta Project, north of Alice Springs, and covers an area of approximately 17,722 hectares.

The recent completion of an aeromagnetic and surface geochemistry program at Bruce has identified a 1,000m X 600m intrusive system considered highly prospective for rare earth element (REE) mineralisation.

MetalsGrove Mining Limited is an Australian-based exploration and development company with a portfolio of high-quality lithium, rare earth, copper-gold, manganese and base metal projects in Western Australia and the Northern Territory.

The company is focused on green metal exploration and development to meet the growing demand from the battery storage and renewable energy markets in the transition to a de-carbonised world.

According to the managing director of MetalsGrove, Sean Sivasamy, the upcoming drilling program at Bruce is an exciting development for the company, as pre-drilling exploration work has outlined considerable mineralised potential at Bruce.

He noted that the Arunta region is a world-class mineralised province and MGA has a clear strategy in place to systematically unlock the true underlying potential of its strategic footprint in the area.

The Bruce REE prospect is located in the Central Desert Region of the Northern Territory, where significant rare earth occurrences have been found in the Harts Range and Plenty River mica fields within the Irindina Province.

The Northern Territory Geological Survey has identified numerous pegmatites hosting rare earth occurrences, including the Plenty River mica mine area.

MetalsGrove’s drilling program at Bruce will be a key focus, as it aims to unlock the full potential of the highly prospective intrusive system.

The presence of REE anomalism associated with Cu-Au and base metal mineralisation has already been confirmed through previous work completed within the broader Arunta Project area.

The upcoming drilling program at Bruce is an exciting development for the Northern Territory’s mining industry, as it has the potential to uncover new mineral resources and contribute to the development of the region’s economy.