Source : THE AGE NEWS
After more than doubled its landholding in west Greenland, Dalaroo Metals appears to be taking a prominent position in one of the world’s most promising and crucial mineral jurisdictions.
The company has submitted an application for two enormous new investigation licenses, which are located directly next to the company’s current Blue Lagoon job.
The move consolidates a significant portion of a southern corridor possible for the rare earth elements titanium and niobium for the Perth-based adventurer and represents a significant step-up.
When granted, Dalaroo’s resume will increase by more than 242 square kilometers, bringing its total area of Greenland to almost 260 square kilometers.
The Blue Lagoon Project’s growth represents a significant increase in building size.
John Morgan, CEO of Dalaroo Metals,
The popular Gardar Alkaline Province, a belt of alkali aggressive complexes, is where the Blue Lagoon job is located. These kinds of stones are the “holy grail” for important nutrients, frequently containing significant amounts of unusual rocks and another high-value metal. The Helene acid rock, which is the largest and youngest of these overbearing systems in the area, serves as the home of Dalaroo’s distinctive piece.
Hard facts demonstrate the knowledgeable decision to covertly the floor next to its current project. The past Blue Lagoon reconnaissance geological sampling has already yielded some amazing results, including estimates for total rare planet oxides up to 4.42 percent and zirconium dioxide values of up to 4.42 percent, which suggests the fresh grounds may produce a repeat performance.
According to Dalaroo’s investigation concept, the southern processes at Blue Lagoon are doing the heavy lifting, releasing minerals from the supply rocks and concentrating them as beach sands in lagoonal and deep sea environments.
John Morgan, CEO of Dalaroo Metals, said: “The additional licences significantly increase Dalaroo’s landholding across a geological setting considered prospective for rare earth elements and associated minerals, strengthening the Company’s position in Greenland.”
Greenland quickly becoming one of the best alternative sources of rare earths and the world crying out for a secure supply of them, the region is increasingly drawing in some big names. Dalaroo’s ground is surrounded by Gardaq A/S, a joint venture between London-linked private investment partnership GCAM LP and deep-pocketed Amaroq Minerals.
Dalaroo is currently reorganizing its plans for the upcoming field season. The extensive list of tasks required at Blue Lagoon includes thorough geological mapping, auger drilling across coastal sediment systems, and bathymetric and ground-penetrating radar surveys to characterize the lagoon and beach architecture.
A significant soil geochemical program involving 4400 samples is currently expanding at the company’s Bondoukou project in Côted’Ivoire over an outlined, coherent gold footprint of 2. 7 kilometers.
The Dalaroo’s new licence applications aim to snag a sizable chunk of ground while the iron, or, as they might be, rare earths, are in abundance. The company has given itself plenty of room to move by locking up this additional acreage in a top mining country like Greenland.
Kickers will be watching closely to see if those coastal sands can deliver the goods as the field season is quickly approaching.
Is your ASX-listed business engaged in any interesting work? Contact: mattbirney@bullsnbears.com. . AU
