Ark Mines (ASX: AHK) ramps up drilling at Sandy Mitchell, second drill rig commissioned - Kalkine Media

November 15, 2023 02:31 PM AEDT | By Sonal Goyal

Ark Mines (ASX: AHK) ramps up drilling at Sandy Mitchell, second drill rig commissioned — Image source: Company update

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Highlights

Second drill rig has been commissioned at Sandy Mitchell Project and is operational on site.

The rig has been commissioned to extend drilling depths as majority of the holes assayed to date have returned rare earth mineralisation at ~10m.

The rig can drill to around 24m and can drill up to 200m per day.

The company is awaiting pending assays from the first phase drill program.

Ark Mines Limited (ASX: AHK) is ramping up drilling at its Sandy Mitchell Rare Earth and Heavy Mineral Project, North Queensland. Backed on the initial encouraging assays, the company has procured and commissioned a second drill rig - a mounted Aircore Reverse Circulation (RC) rig at the project site.

The second rig has the capacity to drill up to 200m daily and can drill depths of nearly 24m. This represents a significant increase from average depths of around 10.5m in the phase 1 drill program, where all assayed sample returned rare earth elements. To know details, click here.

The second rig complements the company’s augur drill rig.

AHK shares jumped 4.25% to AU$0.245 apiece at the time of writing on 15 November 2023.

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