Rainbow Rare Earths confirms multiple high-grade intersections at Gakara project Share

Rainbow said mineralisation at Kiyenzi is contained within a breccia pipe structure, in which REE minerals are interspersed with non REE-containing rocks. The company said it will now proceed with the Phase 2 exploration campaign with an aim of delivering a code-compliant resource by the end of 2018.

Rainbow Rare Earths Ltd (LON:RBW) has announced that Phase 1 drilling results at its maiden drilling campaign at Kiyenzi target at Gakara project in Burundi has confirmed the presence of multiple intersections of high-grade rare earth elements (REE).

The company said test highlights included 6.5m at 7.1% Total Rare Earth Oxide (TREO) and 1m at 27.8% TREO.

READ: Rainbow Rare Earths hits good rare earths mineralisation in drilling at Gakara

Rainbow said mineralisation at Kiyenzi is contained within a breccia pipe structure, in which REE minerals are interspersed with non REE-containing rocks. This implies lower average grades per tonne, but much wider mineralised zones and therefore greater tonnages, and simpler, faster mining.

The company said it will now proceed with the Phase 2 exploration campaign with an aim of delivering a code-compliant resource by the end of 2018.

Martin Eales, CEO of Rainbow, said: “Phase 2 drilling starts within the next month at Kiyenzi and we look forward to incorporating these results, as well as other areas within the Gakara project, into our targeted maiden resource later this year with a view of further ramping up our production of REE concentrate in the near-term to achieve our 6,000tpa run rate target by the end of 2019.”

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