Acquisition of a Highly Prospective REE Project In California, USA
Mojave Project has returned high grade TREO rock-chip results of up to 9.49%
Mojave Project is adjacent to the high-grade Mountain Pass Mine and Processing Facility owned by MP Materials, the only scaled site of its kind in the Western Hemisphere, delivering approximately 15% of the global rare earth supply
The Mojave Project is positioned next to one of the highest-grade REE mines in the world and multiple significant carbonatite REE veins have been identified. 13 targets, 19 interpreted geophysical features and 4 REE mineral prospects have been identified for field review.
ESM has also entered into an option agreement pursuant to which it has the option to acquire 100% of five (5) mineral claims totalling 0.34 km² which comprise the El Campo Prospect.
The El Campo Prospect has produced high grade samples with five of the twenty-five rock-chip samples collected, returning TREO results with assays up to 9.49%. These samples were collected from outcrops of syenite, shonkinite and carbonatite comprising a 6-meter-wide mineralised zone.
Occurrences of dykes of mid-Proterozoic intrusive rocks including syenite, shonkinite and carbonatite have been documented in the El Campo claim blocks and are interpreted to also be found in the North and South blocks. The Proterozoic carbonatite terrane at Mountain Pass hosts the largest resource of REE’s in North America.
The close proximity of the El Campo Prospect to the Mountain Pass Mine and high-grade rockchip samples provides strong potential for further significant REE discoveries within the exploration package