Turvolandia rare earths drill programme advances at Canamera’s Brazil project

Canamera Energy Metals, a Canada-based exploration company, has completed astir one-third of the planned holes successful its inaugural Turvolandia uncommon earths drill programme successful Brazil.

Launched successful mid-November, signifier 1 of the Turvolandia uncommon earths drill programme includes astir 1,000m of drilling.

It encompasses 48–54 vertical auger drill-holes crossed 3 abstracted people zones, with 16–18 holes successful each, to beryllium drilled to depths of 20–25m to measure the thickness and continuity of uncommon world constituent (REE) mineralisation.

The institution said that the results volition specify the geometry, organisation and continuity of the mineralisation, guiding aboriginal exploration.

The Turvolandia task lies straight eastbound of the Poços de Caldas alkaline complex, a 30km² intrusive strategy successful confederate Minas Gerais.

Located successful the south-west of Minas Gerais, astir 200km north-east of São Paulo and 294km south-west of Belo Horizonte, the spot is regarded arsenic prospective for ionic clay-hosted REE mineralisation.

Canamera has an enactment to get 100% ownership of the Turvolândia and São Sepé uncommon world ionic clay projects by making staged currency and stock payments to the vendors, portion besides backing minimum exploration enactment during the enactment period.

If the enactment is exercised, the vendors volition clasp a 1% nett smelter returns (NSR) royalty connected task production, and Canamera whitethorn bargain backmost fractional (0.5%) for a currency outgo of $500,000 ($688,485).

Further currency payments volition beryllium triggered upon gathering specified method milestones, including the merchandise of a mineral assets estimate, a preliminary economical appraisal and a feasibility study.

Canamera CEO Brad Brodeur said: "This drill programme marks a important milestone successful advancing the Turvolandia REE project. With planetary uncommon world proviso chains nether expanding geopolitical pressure, Brazil represents a jurisdictionally unafraid root of these captious elements. We are excited to systematically trial the 3 precedence people areas arsenic we enactment towards further knowing the project's geological profile."

"Turvolandia uncommon earths drill programme advances astatine Canamera’s Brazil project" was primitively created and published by Mining Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.