Marquee Resources (ASX:MQR) has announced the final results from its 2024 RC drilling program at the Redlings Rare Earth Elements Project. These results reveal significant rare-earth element mineralization from the surface across multiple prospects, with assay grades reaching up to 7,982ppm TREO. The company plans to proceed with preliminary resource modeling and further exploration.
Marquee Resources has completed its 2024 drilling program at the Redlings Project, uncovering substantial rare-earth mineralization from surface across several prospects. The Redlings Project, located in Western Australia and fully owned by Marquee, spans over 108 square kilometers. The company plans to shift focus to preliminary resource modeling and further exploration, as mineralization remains open in various directions. Future efforts include applying for additional exploration tenure, conducting infill and extensional drilling, and employing high-resolution aeromagnetic surveys to identify new targets. Marquee Resources remains committed to advancing exploration and resource development, emphasizing the significance of rare-earth elements for contemporary technologies.
Executive Chairman, Mr. Charles Thomas, expressed enthusiasm about the drilling results, highlighting their potential to enhance Marquee's growth and deliver long-term value to shareholders.