Key points
- New high-grade rare earth mineralisation discovered at significant depth
- 88m at 6.33% TREO and 1.19% MREO from surface
- 93m at 1.06% TREO and 2,258 ppm MREO from 88m
- 5m at 4.32% TREO and 1.13% MREO from 181m, including 2m at 7.85% TREO
Full summary
Power Minerals Ltd. announced significant high-grade rare earth mineralisation at the Morro do Ferro Project in Brazil. The latest assays from drillhole MFSR-054 revealed continuous mineralisation from surface to 186m downhole, including 88m at 6.33% TREO and 1.19% MREO, 93m at 1.06% TREO and 2,258 ppm MREO, and 5m at 4.32% TREO and 1.13% MREO from 181m, including a peak of 2m at 7.85% TREO and 2.11% MREO from 184m. The discovery extends the confirmed depth of mineralisation on the northeastern flank of the deposit, reinforcing the scale potential of Morro do Ferro. The company is awaiting assay results for the remaining 67.55m to the end-of-hole depth of 253.55m.
Outlook
The company plans to complete remaining assays, advance metallurgical test work, and build a technical foundation for a maiden Mineral Resource estimate.