Power Minerals has reported high-grade rare earth drilling results at its Morro do Ferro project in Brazil, including a 2m intercept of 6.88% TREO at 240m depth. The results identify two distinct high-grade zones at depth and extend the known mineralisation, supporting the company's upcoming maiden mineral resource estimate.
Lavras Gold has approved a fourth diamond drill rig to fast-track initial testing at the newly identified Cerrito North target within its Lavras do Sul Project in Brazil. This new target, located on the northern continuation of the Caneleira trend, is supported by high-grade rock samples up to 6.52 g/t gold and strong geochemical/geophysical indicators. Concurrently, the company remains on track to submit its Fazenda-Butia LP application by year-end, with an extension granted for its Terms of Reference.
Power Minerals Limited has reported new high-grade rare earth oxide (REO) drill results from drillhole MFSR-054 at its Morro do Ferro Project in Brazil, including the deepest high-grade intersection to date of 2m at 6.88% TREO from 240m. The drilling also returned significant wide intercepts from surface, such as 50m at 9.0% TREO, extending mineralization to an impressive depth and providing crucial data for a planned maiden JORC Mineral Resource Estimate. The results confirm the continuation of high-grade REO mineralization and are supported by comprehensive QA/QC protocols.
Homerun Resources Inc. has completed the US$1.1 million acquisition of the 442.7-hectare Fazenda land package in Bahia, Brazil. This acquisition secures direct surface rights adjacent to the company's existing industrial target, supporting its district-scale control strategy in the Santa Maria Eterna silica sand district.
Lavras Gold has approved a fourth diamond drill rig to initiate a 2,000-meter, 22-hole first-pass drill program at its newly identified Cerrito North target in Brazil. This new target, located on the northern continuation of the Caneleira trend, is supported by a 1.6-kilometer gold-in-soil anomaly and rock samples up to 6.52 g/t gold. Concurrently, the company is on track to submit its Fazenda-Butia LP application by year-end, with three other rigs continuing to expand the Caneleira mineralized footprint.
Prospectiva Resources has reported initial assay results from its maiden exploration program at the São Francisco Copper-Gold Project in northeastern Brazil. The first three diamond drill holes intersected high-grade, near-surface copper mineralization, including 7.15 m at 4.78% Cu and a bonanza intercept of 0.75 m at 15.9% Cu. These results confirm geophysical anomalies and extend the known mineralization, suggesting a VMS-style system.
Spark Energy Minerals Inc. has released a yttrium-focused review of its Arapaima Project, highlighting significant yttrium grades from previously published drilling and newly disclosed surface samples. Key results include 28 meters at 200 ppm Y₂O₃ from drilling and a high-grade grab sample of 1,614 ppm Y₂O₃. The company interprets these results as indicating potential for deeper, rock-hosted rare earth mineralization, with yttrium being a critical mineral subject to Chinese export licensing.
Bravo Mining has acquired the Canaã copper property in northern Brazil, an area characterized by iron oxide copper gold (IOCG) mineralization. The company plans to conduct approximately 8,400 metres of drilling across the Tapuia and Gueroba targets to support a potential maiden mineral resource estimate.
Spark Energy Minerals Inc. announced new yttrium results from its Arapaima Project in Brazil, highlighting significant grades in both drill intercepts and surface samples. The results include 28 meters at 200 ppm Y2O3 from 62 meters depth in drill hole ARA-RC-003 and a high-grade granite grab sample of 1,614 ppm Y2O3. This data suggests a deeper, rock-hosted style of yttrium mineralization, a critical mineral with strategic importance, though true widths are unknown and the project remains at an early exploration stage.
Cabral Gold has reported encouraging diamond drill results from the Central North target area in Brazil, extending gold mineralization at depth and along strike. The results include a high-grade 0.5m intercept at 21.27 g/t gold in hole DDH391 and support the company's upcoming NI 43-101 compliant resource update.
