Aclara Announces the Discovery of a New Heavy Rare Earths Deposit Hosted in Ion-Adsorption Clays in Brazil

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[{"type":"text","content":"Aclara Announces the Discovery of a New Heavy Rare Earths Deposit Hosted in Ion-Adsorption Clays in BrazilTORONTO, ON / ACCESSWIRE / October 11, 2023 / Aclara Resources Inc. (\"Aclara\" or the \"Company\") (TSX:ARA) is pleased to provide an update on its exploration activities in Brazil by announcing its new Heavy Rare Earth Element (\"HREE\") ionic clays project, \"Carina Module\" (the \"Project\") located in the State of Goias, Brazil. The results of its initial auger drilling campaign[1], which was comprised of 1,693 meters of drilling within 236 drill holes, demonstrate the discovery of a new HREE deposit hosted in ionic clays. While the initial auger drilling campaign was shallow, with an average depth of 7.2 meters, it has unveiled a potential for expansion, both laterally and at depth, accompanied by the prospect of enhancing HREE grades.HighlightsSize Potential: The mineralized area of the Carina Module spans approximately 1,400 hectares, with potential for lateral expansion. In contrast, the mineralized area of the Company's Penco Module in Chile covers approximately 140 hectares.Prospective Grades: The drilling results shows the potential for high Total Rare Earth Oxides[2] (\"TREO\") with average grades at 1,229 ppm. From an average drilling depth of 7.2 meters, 71.2% of the drillholes include 5.7 meters with TREO average grades at 1,367 ppm and Desorbable Rare Earth Oxides[3] (\"DREO\") at 449 ppm. A selection of high-grade drillhole results are shown in Table 1 below, with the full set of results included in Table 3 at the end of the document.Rich in HREE and LREE: The desorbable results demonstrate an outstanding distribution of HREE and Light Rare Earth Elements (\"LREE\"). In particular, 71.2% of drillholes reveal desorbable dysprosium (\"Dy2O3 D\") and terbium (\"Tb4O7 D\") grades at 18.1 ppm (≈4.1% of the rare earths basket distribution) and 3.1 ppm (≈0.7% within the rare earths basket distribution), respectively. In addition, desorbable neodymium oxide (\"Nd2O3 D\") and praseodymium oxide (\"Pr2O3 D\") grades show a summed value of 123 ppm (≈27.5% of the rare earths basket distribution).Metallurgical Compatibility: The metallurgy of the Penco Module, which utilizes an ammonium sulfate leaching solution, is well-suited for the Carina Module's ionic clays. 71.2% of drillholes show an average...

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