Join our daily newsletter At The Bell to receive exclusive market insights
- BBX Minerals (BBX) receives assays for the remaining 25 drill holes from 2017-2021 drilling programs at its Ema project in Brazil
- Multi-element assays over several targets are being independently reviewed by laboratory SGS to reveal enrichment levels
- BBX reveals 21 holes showed significant TREO values above 200 ppm of TREO-cerium oxide with some grades higher than 600 ppm
- Ongoing evaluation of the company’s REE potential at Ema and Ema East prospects involves low-cost reconnaissance auger drilling on an 800-metre grid
- BBX shares are down 2.13 per cent, trading at 4.6 cents at 1:51 pm AEST
BBX Minerals (BBX) has received assays for the remaining 25 drill holes from 2017-2021 drilling programs at its Ema project in Brazil.
Multi-element assays were conducted over several targets and analysed at independent laboratory SGS to reveal enrichment levels.
BBX reported 21 holes showed significant total rare oxide (TREO) values, with the intersection selection based on values above 200 parts per million (ppm) of TREO-cerium oxide.
Values above 600 ppm were reported in 16 holes and included two metres at 2354 ppm TREO in one hole, with results showcasing continuity of higher-grade mineralisation along the cross-section from two holes spaced 100 metres apart.
The company commented on the results, announcing they were a reflection of the significant rare earth element (REE) potential at its Ema prospect and the adjacent Ema East tenement.
BBX also found two per cent ammonium sulphate leach assays in these holes, confirming the presence of ionic absorbed REEs.
“These final diamond drill holes from the original Ema exploration program continue to show good values in the oxidised surface material over quite a large area,” BBX CEO Andre J Douchane said.
“We are continuing to expand our auger drilling program in an effort to define an REE deposit as quickly as we can, samples are being sent to SGS for assay on a regular basis so that the results can be announced in a few weeks.
Meanwhile, ongoing evaluation of the company’s REE potential at its Ema and Ema East prospects involves low-cost reconnaissance auger drilling on an 800-metre grid, with three auger drills currently operating and a fourth planned to start within two weeks.
BBX shares were down 2.13 per cent, trading at 4.6 cents at 1:51 pm AEST.
