Disseminated on behalf of: Meryllion Resources Corp.
Richard Revelins, CEO and Director of Meryllion Resources Corp. (CSE: MYR | OTC: MYRLF), discusses the company’s dual-jurisdiction focus on antimony, gold, silver, and rare earth elements exploration, advancing the Makenzie Antimony Gold and Silver Project in Nevada and an ionic adsorption clay-hosted rare earths project in Tasmania, Australia, toward discovery. As global demand for critical minerals and secure supply chains accelerates, Meryllion is positioning itself to capitalize on the strengthening market for these strategic metals.
Tasmanian rare earths drilling confirms mineralized system
Unlike many early-stage explorers, Meryllion Resources is targeting ionic adsorption clay-hosted rare earths, the same deposit style that supports established projects nearby in Tasmania.
According to Revelins, “We recently completed the first drilling program on our Tasmanian project area, which yielded very encouraging results and confirmed that the rare earth system we have been targeting exists within the project area.”
The maiden program’s highest grade reached 879 parts per million total rare earth oxides, and five of the 12 holes returned assays above the cutoff grade at the nearby Deep Leads deposit owned by ABx Group Limited. This confirmation gives Meryllion a defined system to grow.
Rare earths and scandium demand drive investor opportunity
With rare earths and scandium increasingly central to advanced manufacturing and defence supply chains, Meryllion Resources is positioned to capture emerging demand. The company identified scandium mineralization in several holes at grades up to 164 parts per million, in what it believes is the first time scandium has been observed in the region, a high-value element used in aviation, aerospace, military applications, semiconductors, and energy.
By focusing on two jurisdictions with established mining frameworks, the company aims to provide investors with early-stage, leveraged exposure to a portfolio spanning antimony, gold, silver, and rare earths, including scandium.
Tasmania drill phase advances as Nevada permitting continues
Recent milestones include the completion of Meryllion’s maiden Tasmanian drill program, confirmation of a mineralized rare earth system, and the identification of scandium mineralization not previously recorded in the region. Encouragingly, several holes ended while still in mineralization, which Revelins says signals room to grow: “A number of holes also bottomed in mineralization, indicating we have only pierced the top of the system and that deeper drilling is warranted.”
With that upside in view, the company plans to return to the field in July or August as permitting advances in Nevada.
Meryllion Resources targets critical minerals growth
As Meryllion Resources continues to advance its critical minerals projects, it stands at the intersection of resource security and rising demand for gold, antimony, scandium, and other rare earths. With a confirmed system and fieldwork resuming in July or August, the company is positioned to deliver disciplined exploration progress across Nevada and Tasmania.
Transcript
Richard Revelins: Meryllion Resources Corp. is a mining and exploration company trading on the Canadian Securities Exchange under the ticker symbol MYR. We have two highly prospective gold and critical minerals projects: the Makenzie Antimony Gold and Silver Project in Nevada, and the ionic adsorption clay-hosted rare earths project in Tasmania, Australia. We recently completed the first drilling program on our Tasmanian project area, which yielded very encouraging results and confirmed that the rare earth system we have been targeting exists within the project area.
Previous surface sampling and geophysical analysis indicated that the system was mineralized, but it is great to have that confirmed through drilling. The highest grade reported was 879 parts per million total rare earth oxides, which is typical for Australian ionic rare earth clay deposits. Five of the 12 holes returned assays above the cutoff grade used for resources reported from ABx’s nearby Deep Leads deposit. Our interpretation is that current drilling likely intersected the outer halo of a larger rare earth system rather than its high-grade core. The chemistry suggests we are in the right neighbourhood, but not yet at the centre of the target.
A number of holes also bottomed in mineralization, indicating we have only pierced the top of the system and that deeper drilling is warranted. We also identified scandium mineralization in several holes, with grades up to 164 parts per million. Scandium is a high-value critical element used in aviation, aerospace, military applications, semiconductors, and energy. To the best of our knowledge, this is the first time scandium has been observed in the region, and we intend to target it in our followup drilling programs.
We learned a great deal from this initial campaign and we’re already planning the next phase of drilling. We are looking forward to returning to the field in July or August as we continue to develop our Tasmanian project while permitting advances in Nevada.
About Meryllion Resources Corp.
Meryllion Resources Corp. (CSE: MYR | OTC: MYRLF) is a Canadian-listed exploration-stage company advancing two critical minerals projects across North America and Australia. The company holds the Makenzie Antimony Gold and Silver Project in Nevada, one of the largest known untested antimony, gold, and silver anomalies in the state, and ionic adsorption clay-hosted rare earth element projects in northeast Tasmania situated along strike from discoveries by ABx Group Limited.
To learn more about Meryllion Resources, visit their website.
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The scientific and technical information contained within this article has been reviewed and approved by Gavin England (BSc, PhD), a consultant to the company, who is a Qualified Person, as defined under the terms in National Instrument 43-101.
