Aclara Provides Exploration Update in Brazil

About this update from Aclara Resources, Inc.

[{"type":"text","content":"Aclara Provides Exploration Update in BrazilTORONTO, ON / ACCESSWIRE / March 8, 2023 / Aclara Resources Inc. (\"Aclara\" or the \"Company\") (TSX:ARA) is pleased to provide an update on its exploration activities in Brazil. The Company has made significant progress in respect of its previously announced exploration plan for ionic clay deposits outside of Chile, which aims to strengthen the Company's existing exploration projects portfolio, diversify country risk and pursue growth.HighlightsThe Company has made significant progress since the start of its exploration activities in Brazil, the highlights of which include, but are not limited to, the following:Formed a specialized team of geologists to ramp-up on-site activitiesConducted superficial mapping and sampling in different regions of BrazilStaked an aggregate of 369,410hectares (\"Ha\") of mining concessionsSigned an earn-in agreement with a Brazilian mining company to acquire additional concessionsIdentified seven high-priority exploration drilling targets and initiated an auger drilling campaign in respect of one of the high-priority targetsRamon Barua, CEO, commented:\"Following the Company's previous announcement in respect of our pursuit of exploration efforts outside of Chile, we are pleased to announce that a comprehensive exploration plan is underway in Brazil. Although development of the Penco Module continues to be our first priority, we believe that a diversified portfolio of ionic clays projects would improve the risk profile of the Company while offering compelling growth opportunities. We have developed innovative exploration techniques that allow for a low cost, phased approach to exploration that we believe can yield attractive results with a low budget. We are exploring in several Brazilian states that have a strong experience with mining operations and consequently have been able to move quickly to obtain technical support and permits for this initial campaign. We look forward to the results of our exploration plan and to provide updates as they become available.\"Prospectivity WorksDuring the second half of 2022 and the first quarter of 2023, the Company deployed an internal exploration team and prospected several thousands of Ha in Brazil for ionic clays containing heavy rare earths. The prospectivity targets were principally guided by the Company's in-...

More updates from Aclara Resources, Inc.