Momentum continues to build at Quest Uranium’s (QUC-V, QSURFO) Strange Lake rare earth project in the George River belt of northeastern Quebec and northwestern Labrador.
New drill results from the B-Zone have extended mineralization along 1.1 km of strike.
Mineralization is contained in an envelope that stretches as wide as 500 metres and as deep as 135 vertical metres. Mineralization is open at depth and along strike to the northeast.
Highlights from the latest drilling returned high-grade rare earth element (REE) plus yttrium intersections grading between 1.05% and 2.52% over a vertical thickness between 6 metres and 66 metres depth. Heavy rare earth elements (HREE), the more valuable of the metals, represented between 35.3% and 65.1% of total rare earth oxides plus yttrium (TREO) content in the new drilling.
The company reported the results from six holes totalling 747 metres of drilling.
Hole BZ-09-009 returned 48 metres grading 1.05% total TREO (46.2% of that HREE); hole 10 intercepted 20.1 metres of 1.27% TREO (45.5% HREE); and hole 11 cut 66 metres at 1.16% TREO (40.8% HREE).
Quest says that as the resource is expanded through drilling, the company is also able to confirm that there is a strong correlation between a 2-km-long northwest-trending airborne radiometric anomaly northwest of the Strange Lake main deposit.
“New B-Zone drilling results continue to support management’s view that Quest is drilling off a very large rare earth resource potentially amenable to open-pit mining,” said Quest president Peter Cashin. “The intimate association of the B-Zone mineralization with a strong 2.2-km-long airborne radiometric anomaly is an excellent indicator of the significant surface expression of the zone.”
The radiometric anomaly ends at Brisson Lake, but the company is wondering whether mineralization might extend under the lake.
Drill holes are being spaced 100 to 200 metres apart. Mineralization appears to be relatively flat-dipping and is exposed in outcrops at surface. The drill holes seem to be intersecting strongly mineralized pegmatites and intensely altered and mineralized granite.
Quest shares were up about 2%, or 5¢, on the results, to $2.43 apiece on a trading volume of 288,000 shares.
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