Power Minerals Reports High-Grade REE Results from Morro do Ferro
Key points
- Drillhole MFSR-056 delivers 119m at 4.94% TREO from surface
- High-grade zone extends from surface to 119m depth
- Results support the Exploration Target model
Full summary
Power Minerals Limited has announced significant high-grade rare earth oxide (REO) results from the Morro do Ferro Project in Brazil. Drillhole MFSR-056, positioned 57 meters northwest of the initial drilling baseline, intersected 119 meters at 4.94% Total Rare Earth Oxide (TREO) from surface, including 10 meters at 12.31% TREO from 41 meters. These results confirm the continuation of high-grade mineralization beyond the area defined by initial drilling. The findings align with the Exploration Target model, which predicts the extension of mineralization in depth and range, both vertically and to the northwest. Further drilling and geological analysis are planned to define the extent and geometry of the mineralization.
Outlook
Power Minerals plans to continue systematic exploration and metallurgical testwork to define the extent and geometry of the high-grade mineralization, with the aim of establishing a maiden Mineral Resource estimate.
Summary generated by a large language model. Please interpret with care.