Eclipse Metals Says Greenland Project Drilling Shows Strontium, Gallium, Scandium Results; Shares Up 5%

MT Newswires Live

04/23

Eclipse Metals (ASX:EPM) said follow-up analytical results from diamond drilling at the Grønnedal project in Greenland encountered strontium, gallium, and scandium in addition to extensive rare earth mineralization, according to a Thursday Australian bourse filing.

Significant strontium intersections average 2.32% grade of strontium. It also hit 42.5 meters at 26.7 parts-per-million (ppm) grade of gallium as well as 61 meters at 12.3 ppm grade of scandium.

The associated-element results are additional to, and do not change, the firm's primary focus on advancing Grønnedal as a neodymium-praseodymium rare earth project, the filing added.

Its shares rose 5% in recent trading on Thursday.

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