Eclipse onto Greenland carbonatite-hosted rare earths to 190m

Eclipse Metals’ recently completed 705m of diamond drilling at its Grønnedal rare earths deposit within the company’s Greenland’s mineral exploration licence has confirmed continuous carbonatite-style mineralisation from surface to 190m depth. The geology observed in the diamond core supports the interpretation of Grønnedal as a large, vertically-extensive carbonatite complex containing magnetite-rich zones and carbonatite-hosted rare-earth oxides of neodymium-praseodymium-dysprosium-terbium (Nd-Pr-Dy-Tb), with accessory niobium and yttrium. All five NQ diameter core holes intersected alternating calcite-siderite zones enriched with hematite and magnetite, which the company says is also consistent with the presence of high-value rare earth oxides. The suite of rare earth oxides present is particularly lucrative due to their importance in the manufacture of valuable rare earth element-based industrial magnets that are essential for high-powered electric motors for vehicles and electricity generation using windmills and other methods.