news Moon River to begin Davidson drilling in August
2024-08-01 14:35 ET - News Release
Mr. Paul Parisotto reports
MOON RIVER MOLY ANNOUNCES DRILL PLAN AT DAVIDSON MOLYBDENUM PROJECT
Moon River Moly Ltd. is planning to commence in the first week of August a small two-drill hole program at the Davidson molybdenum project located in west-central British Columbia approximately nine kilometres (km) northwest of the town of Smithers.
This drill program is being undertaken to obtain fresh drill core in order to conduct preliminary metallurgical studies to determine the economic viability of recovering rare earth elements (REEs), tungsten, gallium and copper. On Jan. 29, 2024, the company announced that assays from 41 samples of mineralization from the Davidson project contained significant amounts of rare earth elements, tungsten, copper and gallium. As such, the company is undertaking this drill program from existing drill locations to obtain fresh drill core. The drill plan will consist of 1,500 to 2,000 metres in two holes over approximately four weeks.
The company has received all necessary approvals, including working with the Office of the Wet'suwet'en to receive the approvals from Cas Yikh (Grizzly House), of the Wet'suwet'en Nation, to conduct the 2024 drill program.
Paul Parisotto, president and chief executive officer, commented: "In January of this year, assays from 41 samples of mineralization from the Davidson project contained significant amounts of REEs, tungsten, copper and gallium. These encouraging assay results compelled us to undertake this drilling and metallurgical recovery testing. We look forward to communicating these results to the market as soon as they become available."