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- Brazilian Rare Earths (ASX:BRE) unveils ultra high-grade assay results, reaching up to 34.4 per cent TREO from maiden diamond drilling at its Monte Alto project
- The results expand the Monte Alto high-grade REE-Nb-Sc exploration corridor, which is open along strike and at depth
- The exploration target zone for REE-Nb-Sc mineralisation is below Monte Alto’s existing high-grade monazite sand deposit
- Meanwhile, BRE recently commenced a diamond drill program at its Velinhas target, seven kilometres south of Monte Alto at its Sulista project
- BRE shares are up 5.12 per cent, trading at $1.75 at 12:50 pm AEDT
Brazilian Rare Earths (ASX:BRE) has unveiled ultra high-grade assay results, reaching up to 34.4 per cent total rare earth oxides (TREO), from the maiden diamond drilling program at its Monte Alto project in Bahia, Brazil
These results significantly expand the Monte Alto high-grade REE-Nb-Sc exploration target corridor, which remains open both along strike and at depth.
Notably, grades of up to 5.9 per cent neodymium and praseodymium (NdPr), 3299ppm of dysprosium and terbium (DyTb), 325ppm of scandium, and 1.5 per cent of niobium were recorded.
“These exceptional high-grade assay results validate Monte Alto as a world-class rare earth exploration project with some of the highest grades ever reported globally,” BRE CEO and Managing Director Bernardo da Veiga said.
The exploration target zone for REE-Nb-Sc mineralisation encompasses both the area below Monte Alto’s existing high-grade monazite sand deposit and covers a large area across the project.
Mr da Veiga expressed his belief in the “excellent potential” for this hard rock REE-Nb-Sc mineralisation to extend expansively under the Monte Alto project area.
“Our exploration team believes that this unique high-grade REE-Nb-Sc mineralisation is provincial in scale. There is significant potential for new high-grade rare earth discoveries along the geophysical trendline that runs down the extensive spine of this world-class province.”
The company also recently kicked off a diamond drill program at its Velinhas target, part of BRE’s Sulista project seven kilometres south of Monte Alto.
Diamond drill rigs have been mobilised to the site to confirm and extend the high-grade REE-Nb-Sc mineralisation.
BRE shares were up 5.12 per cent, trading at $1.75 at 12:50 pm AEDT.
