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Peak Minerals Ltd (ASX:PUA) has analysed the first batch of assays from an extensive program of sampling which commenced at the end of 2024 at its 8,800 square kilometre Minta rutile project in Cameroon, and is arguing the data shows potential for a significant rutile province to be uncovered.
Material from 10 samples and rutile nuggets was submitted to the Diamantina Laboratory for analysis – in collaboration with the CSIRO in Perth.
The sand and oversize fractions have been subjected to heavy liquid separation (HLS) and modal mineralogy (SEM and grain count).
The results indicate high-value mineral assemblages – described as “spectacular” – from samples across the area, with high-grade rutile across the board. This includes total valuable heavy minerals (VHM) measuring up to 93% of total heavy minerals and assays of up to 69.8% rutile in the Minta region’s VHM.
The weakest result registered 16.9% of the VHM assemblage in the northeast, a region where monazite is dominant at 35.6%; zircon accounts for a noteworthy 21.5%.
The company has completed 65% of its exploration to find rutile in Cameroon and has found nuggets of this mineralisation throughout the project. Visual estimates of up to 5% THM have also been seen in residual soils from select samples.
Non-executive director Phillip Gallagher – who had been on-site during the exploration program last year – said he was impressed with what had been found at Minta.
“We are very pleased to see such exciting results from the first samples taken from the Minta rutile project,” he said.
“Even more exciting is the fact these samples were taken in off-target locations as a training exercise that was done to ensure correct drilling and sampling techniques for the reconnaissance drilling program and they have still returned very high value, commercial grade VHM results.”
Peak has been trading at 1.5 cents.
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