Eastport Critical Metals Corp. has intersected 330 metres grading 0.21% total rare earth oxides from a downhole depth of 20 metres in the first diamond drill hole at the Semarule Project in south-central Botswana.

Drill hole SEM005 tested the western side of the Semarule syenite intrusion, intersecting a higher-grade interval of 47.5 metres at 0.64% total rare earth oxides from 20 metres depth. This included a 7.5-metre intercept at 2.52% total rare earth oxides from 22.5 metres, anchored by a 2.5-metre section averaging 5.95% total rare earth oxides from 27.5 metres downhole.

Magnetic rare earth oxides, comprising dysprosium, terbium, neodymium and praseodymium, account for an average of 28% of the total rare earth oxide content across the intersection.

“These first drill hole assay results for Semarule show the strong grade continuity potential reveal; structure, continuity, grade and critically the opportunity for material scale over a target area of ~15km 2 . This is a highly encouraging start to our Phase 1 Drill Campaign results. SEM005 highlights broad intersections of rare earth elements exceeding 320m, including a higher-grade 48m interval at 0.64% TREO from 20m depth and comprising 28% MREOs.”

— Daniel Major, Chief Executive Officer

The company holds a 100% interest in the Semarule project, which is situated approximately 40 kilometres northwest of the capital city, Gaborone. The eight-hole diamond drilling program was designed to target both the syenite geology and the cross section of a ground gravity anomaly, with hole SEM005 collared on the western edge of the geophysical feature.

“We look forward to receiving the results from the remaining diamond drill holes, which target various aspects of the gravity anomalies. I refer shareholders to review Figure 1, where appears that SEM005 has cut through the edge of the gravity feature to test structure.”

— Daniel Major, Chief Executive Officer

Eastport expects to receive assay results from the remaining diamond drill holes of the Phase 1 program as testing continues across the target area.

Read the full announcement: Eastport Intersects 47.5m at 0.64% TREO From 20m Including 7.5m at 2.52% TREO Within 330m at 0.21% TREO at Semarule