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Broken Hill Prospecting moves quickly to expand size of La Paz Rare Earth Project in Arizona

The company’s initial field activities have identified a significant extension to the NI 43-101 resource estimate.

Broken Hill Prospecting Ltd - Broken Hill Prospecting moves quickly to expand size of La Paz Rare Earth Project in Arizona
Mapping ridges of high-grade mineralisation extending into the new title application

Broken Hill Prospecting Ltd (ASX:BPL) has moved quickly to double the footprint of the advanced La Paz Rare Earth Project in western Arizona following the success of initial field activities.

The company’s initial fieldwork has revealed a significant extension to the 2011 NI 43-101 resource estimate.

Detailed structural mapping, sampling and reviewing of historical data identified mineralisation at higher grade southeast of the current resource, prompting BPL to move quickly to secure the extensions.

As such an application for an additional 112 unpatented lode mining claims totalling 660 hectares directly adjacent to the existing La Paz tenements has been submitted to the Bureau of Land Management (BLM).

“Huge result” for BPL

CEO Trangie Johnston said, “The expansion of the La Paz project, almost doubling our footprint in the area, is a huge result for BPL.

“Our initial work on the ground over the last two weeks highlighted the sheer potential that exists at La Paz and the identification of a significant extension to the existing NI 43-101 resource estimate.

“As such, we immediately moved to expand our tenement coverage to secure the full rare earth potential of the region.

“The extended zone has been mapped and rock chipped with over half a ton of oxide mineralisation collected for metallurgical test work programs.”

The La Paz rare earth deposit is in western Arizona.

BPL has established a US-based subsidiary La Paz Rare Earth LLC which acquired the La Paz project in La Paz County, Arizona, during August/September 2019.

Excellent infrastructure

The project is around 170 kilometres northwest of Phoenix and is surrounded by excellent infrastructure within a mining-friendly jurisdiction.

A high voltage power line runs 11 kilometres west of the project and a high-pressure natural gas pipeline 8 kilometres to the east.

Major rivers and aqueducts are within 8 kilometres, though local groundwater supplies are likely to meet any future production needs.

Initial title applications to secure the deposit comprised 107 unpatented lode mining claims on federally controlled land and a prospecting permit over one section of Arizona State Trust land of 259 hectares.

Recent field activities

Field activities this month have included extensive structural mapping, collection of rocks chips from surface mineralisation and collection of bulk samples for metallurgical test work programs.

All rock chip samples have been submitted for processing with results expected in the coming months.

This work forms part of a preliminary economic assessment of the project.

A major focus of the mapping program was the distribution of higher-grade zones within the previous NI 43-101 resource estimate.

High-grade oxide rare earth mineralisation at surface.

BPL identified that these zones extend to the southeast of the resource and moved quickly to secure these extensions.

The applications to BLM are expected to be granted in the coming months.

Results from recent field activities will be collated and reviewed with the aim to convert the previous NI 43-101 resource estimate to JORC 2012 standards.

The company’s initial work and reviews indicate that La Paz is a large tonnage deposit with relatively homogeneous Total Rare Earth Oxide (TREO) distribution amenable to open-pit extraction.

Progress with funding plans

Funding plans to advance the La Paz project are progressing well with the company’s SPP offer extended until November 6.

The company is buoyed by the considerable amount of local and federal support for the security of domestic supplies of strategic technology metals.

Shares are up 4% to an intra-day high of 2.6 cents.

Quick facts: Broken Hill Prospecting Ltd

Price: 0.015 AUD

Market: ASX
Market Cap: $3.82 m

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