Marquee Resources (ASX:MQR) reported assay grades of up to 8,764 parts per million of total rare earth oxides at the Redlings project in the northern Eastern Goldfields of Western Australia, according to a Tuesday filing with the Australian bourse.
The assays are from the second batch of results from the recently completed 220-hole slim-line reverse circulation drilling program at the project. Marquee Resources said these findings highlight further zones of extensive rare earth elements mineralization from the surface.
Additional results are expected in three to four weeks.
The mineral explorer's shares rose 6% in recent trade.
Price (AUD): $0.02, Change: $+0.0010, Percent Change: +5.56%
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