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Aclara Resources Provides Exploration Results for Potential Second Module
TORONTO, ON / ACCESSWIRE / February 28, 2023 / Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce drilling results completed ove
About this update from Aclara Resources, Inc.
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / February 28, 2023 / Aclara Resources Inc. (\"Aclara\" or the \"Company\") (TSX:ARA) is pleased to announce drilling results completed over Verónica Norte (the \"Project\") located 45 km from Concepcion, Chile. The Project corresponds to a new target area approximately 45 kms south of the Penco Module Project. Approximately 2,905 meters (m) from 125 sonic drill holes were completed in the Project in the second half of 2022 as part of an initial drilling campaign covering 982 hectares (Ha) of total target of 5,055 Ha (see Figure 1). The purpose of this initial drilling campaign was to confirm the depth extension of the positive results obtained from surface geological reconnaissance and geochemical sampling and to test the lateral extents of the mineralization. The drill hole program: confirmed rare-earth elements (REE) mineralization recognized through geological work, including geochemical sampling continued at depth. recognized that the mineralization occurs mainly in the first 15m below surface, with an economic horizon of approximately 7m. confirmed that REE are highly absorbed into ionic clays resulting in a high percentage of REE exchangeable fraction recovery (see table 3). confirmed attractive recoverable values of the heavy rare earths (HREE,) Dysprosium and Terbium (DyTb), as well as the light rare earths, Neodymium and Praseodymium (NdPr). confirmed that the mineralization remains open on its lateral extents at different topographic levels. Ramón Barúa, CEO of Aclara, commented: \"Initial exploration results at Veronica North represent the first step towards becoming a multi-modular HREE Company. As we progress, our in-house developed exploration model has proven highly effective in finding REE-enriched ionic clay deposits. We are very encouraged with these results and plan to continue with further drilling campaigns to unlock the full potential of the asset\". A location map is shown in Figure 1, where the full Veronica district is displayed covering approximately 13,122Ha in high priority drilling areas, comprising of Veronica Norte (5,055Ha), Verónica Centro (2,492Ha) and Veronica Sur (5,575Ha). The drilling campaign executed in 2022 is mainly concentrated in the north of Veronica Norte. Drill holes, averaging 25m in depth, intersected mineralization with TREY (total rare earth plus yttri...