Primary Hydrogen Commences 1,500-metre Maiden Drill Program at Wicheeda North Targeting Northwest-Trending Rare Earth Soil Anomaly

What happened

Primary Hydrogen Corp. said drilling has begun at its Wicheeda North rare earth element project in British Columbia, the property's first drilling. The program is about 1,500 metres in roughly seven holes, expected to be completed within the coming weeks.

Confirmed

Global impact / market context

This is the property's first drill test, so it turns surface soil sampling into actual rock evidence. If holes hit rare earth elements, the company gains a possible resource to study; if not, earlier soil readings lose value.

Analyst inference

Soil sampling showed only a small share of samples above 300 ppm total rare earth elements plus yttrium, with a single high of 932.21 ppm. The drill results will show whether these surface readings reflect rock below.

Analyst inference

What to watch

1. The company plans about 1,500 metres in roughly seven holes, expected to be finished within the coming weeks. Confirmed
2. The company is evaluating its southwestern grid as a possible target for drill testing in a later program. Proposed
3. Watch whether drill samples confirm the northwest-trending soil anomaly, since that would support spending more capital on the project. Analyst inference

Evidence

• newsfilecorp.com