Power Minerals (ASX:PNN) has intersected 88m at 6.33% total rare earth oxides (TREO) from surface at its Morro do Ferro Rare Earth Project in Brazil.
Hole MFSR‑054 returned 88m at 6.33% TREO, including 1.19% magnet rare earth oxides (MREO) from surface. The interval includes 50m @ 9% TREO with 1.56% MREO from surface, and 20m at 12.05% TREO containing 2.18% MREO from 18m.
The hole also returned a deeper mineralised zone of 79m at 1.11% TREO containing 0.23% MREO from 88m. This result delivered a total continuous mineralisation interval of 167m. Results from the remaining 86.55m to end of hole are pending.
Power Minerals has also confirmed ‘high-grade’ gallium mineralisation with 1.5m @ 49.8 parts per million gallium from 96.15m.
CEO Alistair Stephens says the results strengthen understanding of the system to the northeast and provide further support for the scale and continuity the company is working to establish.
“These results add to a growing and consistent body of evidence that Morro do Ferro hosts broad, high-grade rare earth mineralisation exposed from surface and continuing at depth,” Stephens adds.
The company will now commence planning for a maiden mineral resource estimate at the project, encompassing the ‘high‑grade’ results from drilling to date. Drilling continues with two rigs operating across approximately 25 holes totalling 4,000m.
Power Minerals is an Australian critical minerals explorer advancing a portfolio of technology and battery metals projects across South America and Australia.
Write to JC Villarba at Mining.com.au
Images: Power Minerals
