Brazilian Rare Earths (ASX:BRE) has taken steps to secure control and consolidate its dominant position over the ‘world-class’ Rocha da Rocha rare earths province.
An option agreement has been signed to acquire the Sulista Rare Earth Project, which the company says has ‘exceptional’ potential for ‘ultra high-grade’ rare earths, niobium, and scandium (REE-Nb-Sc) hard rock mineralisation.
Brazilian Rare Earths has also applied for an expansive 2,640km-square rare earth licences to the west and north to add to the current 1,410km-square exploration licence area.
Brazilian Rare Earths notes the Sulista Rare Earth Project includes surface hard rock outcrops, corestones/boulders, and an extensive diamond drill core and auger sample database. These are visually comparable to those discovered at the Monte Alto Project, the company says.
The proposed acquisition totals 108km-square of exploration licences in a near continuous block that links the southern extension of the Rocha da Rocha Rare Earth Province.
On-site review of the Sulista historical diamond drill core (1,000m of drill core) identified significant hard rock mineralisation via gamma spectrometry also with similar readings to the REE-Nb-Sc mineralisation sampled near the Monte Alto rare earth project.
Historical diamond drill core will be expedited for re-assay and Brazilian Rare Earths’ diamond drilling teams have been mobilised to twin existing drill holes and explore for ultra-high grade mineralised extensions.
The Sulista Project has a geological database of 499 auger drill holes (5,000m) recording high grades of ionic clay style rare earth mineralisation.
Brazilian Rare Earths will validate this geological database in compliance with JORC standards via an accelerated program of re-assays and confirmatory surface drilling.
Write to Adam Orlando at Mining.com.au
Images: Brazilian Rare Earths
