Power Minerals Reports High-Grade Results at Morro do Ferro
Key points
- Drillhole MFSR-055 returns 91m at 7.7% TREO from surface
- Includes 62m at 11.1% TREO with 2% MREO from surface
- 23.1m at 17.5% TREO with 3.2% MREO from 13m
- Results support exploration target model and validate mineralisation continuity
Full summary
Power Minerals Limited (ASX: PNN) has reported outstanding high-grade results from drillhole MFSR-055 at its Morro do Ferro Project (MDF) in Brazil. The drillhole intersected 91 metres at 7.7% Total Rare Earth Oxides (TREO) and 1.4% Magnet Rare Earth Oxides (MREO) from surface. Significant intersections include 62 metres at 11.1% TREO with 2.0% MREO from surface, and 23.1 metres at 17.5% TREO with 3.2% MREO from 13 metres. These results validate the shallow, high-grade nature of the MDF deposit and support the exploration target model. Drilling is ongoing, with results from other drillholes expected to be released progressively.
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