- Preparing for next phase of exploration auger drilling
- Up to 72 auger drill holes for approximately 2,000 metres planned
- Testing high-priority ionic clay and lateritic rare earth targets
- Three high-priority target areas have been defined
Eminence Minerals (ASX:EMA) has awarded the drilling contract for its next phase auger drilling exploration program at the Campo Grande project in Brazil.
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The 2000m, 72 hole auger drill program is set to get underway next month in the rapidly growing rare earth element (REE) province of Bahia.
CEO, Anthony Hills, said the drilling contract award to Eco Sondagem marks the culmination of an exhaustive drilling contractor tender evaluation process, which involved the comparison of multiple proposals.
“Awarding the drilling contract represents another important milestone in the rapid advancement of the Campo Grande project from target generation to drill testing,” Mr Hills said.
“Following the successful identification of three priority rare earth target corridors and completion of permitting activities, the Company is now positioned to commence its next phase of exploration drilling campaign within one of Brazil’s most exciting emerging rare earth districts.
“The planned program has been designed to systematically evaluate high-priority ionic clay and lateritic rare earth targets generated through detailed geological interpretation, remote sensing analysis and field validation.
“We are pleased to partner with Eco Sondagem, a highly regarded Brazilian drilling contractor with extensive local operating experience, and we look forward to commencing drilling and delivering results to shareholders as they become available.”
The upcoming systematic auger drilling campaigns will test interpreted extensions of the Sulista, Monte Alto and Amargosa rare earth corridors associated with neighbouring tenure.
The planned systematic drilling is designed with a 200m by 200m drill spacing to establish geological continuity and support future JORC-compliant mineral resource estimation activities.
Six additional regional scout drilling targets have been identified to test newly interpreted clay alteration and REE anomalies outside the primary target corridors, with additional surface sampling points also planned to support regional target generation and prioritisation across the broader Campo Grande project area.
EMA is steady at 4.7¢. Mkt cap $7.314M.
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