Atlantico Energy Metals (CSE:ATLA) has outlined magnetic rare earth oxide (MREO) ratios following a first-pass surface sampling program at its flagship Novo Cruzeiro Lithium and Rare Earth Elements Project in Brazil.
The 231-sample dataset across the 24,387-hectare project returned MREO ratios of up to 38.7% of total rare earth oxides (TREO) in rock-chip samples, averaging 21.5% TREO.
Stream-sediment samples returned MREO ratios of up to 27% TREO, averaging 18.8% TREO.
The sampling dataset highlighted a circular thorium radiometric feature associated with bismuth, molybdenum, and rare earth anomalies, providing Antlantico with a focused target for follow-up field evaluation.
President and CEO Bonn Smith says the early rare earth signal stands out due to its scale and consistency.
“Seeing the magnetic rare earth component this strong in a first-pass sampling program suggests that magnetic rare earth enrichment may occur across multiple parts of the property, supporting continued systematic exploration,” Smith says.
Smith adds that these results provide technical support for prioritising follow-up exploration at the project.
The company plans to conduct recommended first-phase follow-up work, as recommended by the technical report. Workstreams include field checking, mapping, prospecting, and additional geochemical sampling around the target area.
Located in northeastern Minas Gerais, Brazil, Novo Cruzeiro is an early-stage project with no historic drilling.
Atlantico Energy Metals is a Canadian explorer focused on advancing its flagship Novo Cruzeiro Project in Brazil’s Lithium Valley.
Write to Paula Fabe at Mining.com.au
Images: Atlantico Energy Metals
