Power Minerals Reports High-Grade REO at MDF
Key points
- Deepest high-grade REO mineralisation at 6.88% TREO at 240m
- Significant REO intersections in drillhole MFSR-054
- Ongoing drilling and assay results pending
Full summary
Power Minerals Limited has reported significant high-grade rare earth oxide (REO) mineralisation from its Morro do Ferro Project in Brazil. The latest results from drillhole MFSR-054 include 6.88% Total Rare Earth Oxides (TREO) at a depth of 240 meters, marking the deepest and highest-grade intersection to date. The mineralisation extends downhole to an impressive depth of 190 meters, with additional high-grade zones identified at depth, potentially related to hydrothermal conduits associated with REO-bearing fluids. The Company plans to conduct further drilling and analyses to accurately delineate the extent and geometry of these zones. The results provide further evidence for the significant presence of high-grade REO mineralisation and support the calculation of a planned maiden JORC Mineral Resource estimate at Morro do Ferro.
Outlook
Power Minerals plans to conduct further drilling and analyses to accurately delineate the extent and geometry of the identified high-grade zones.
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