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Resouro Completes Historical Desktop Study Including Historical Resource at Tiros Rare Earths and Titanium Project in Brazil
Toronto, Ontario--(Newsfile Corp. - August 17, 2023) - Resouro Gold Inc. (TSXV: RAU) (FSE: BU9)...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Completes Historical Desktop Study Including Historical Resource at Tiros Rare Earths and Titanium Project in BrazilToronto, Ontario--(Newsfile Corp. - August 17, 2023) - Resouro Gold Inc. (TSXV: RAU) (FSE: BU9) (\"Resouro\" or the \"Company\") is pleased to announce that it has completed a historical desktop study (the \"Desktop Study\") as part of the previously announced exploration campaign at Tiros Rare Earths and Titanium Project in Brazil (the \"Tiros Project\").Desktop Study HighlightsBased on the inhouse verification of historic information, the average grade was 3,930ppm TREO and 12.44% TiO2.Resouro's initial Resource Target, based on resampling the data from 21 RC Aircore Holes and the previous Resource Calculation submitted to the Brazilian ANM (Mines Department), is 600 million tonnes at over 3,000 ppm TREO and 12% TiO2.ICP analysis for Rare Earths Elements showed an average NdPr oxide grade of 800ppm for the 258 samples.Resouro has completed verification of historic information by re-assaying and completing additional Quality Assurance and Quality Control on historic data and adding samples from 17 new Auger Drill Holes that have been completed by Resouro.Based on the inhouse verification of historic information the average grade was 3,930ppm Total Rare Earth Oxide (\"TREO\") and 12.44% Titanium Dioxide (\"TiO2\").Chris Eager, CEO of Resouro, commented:\"We are extremely encouraged by the positive analysis of historical drilling and sampling at the Tiros project, which produced world-class average grades of ~3,900ppm TREO and ~12% TiO2. On the back of this preliminary work, we are equally pleased to report an initial resource target of over 600Mt at more than 3,000ppm TREO and in excess of 12% TiO2, and we are actively progressing resource definition activities to produce a 43-101/JORC compliant resource in the coming months. To this end, we have 17 new auger holes completed and aim to start a 4,000m AC drilling program by then end of this month. Additionally, we are seeing very positive signs from initial metallurgical testwork on the project, which we anticipate will be substantiated by ongoing test work. On both fronts, we look forward to updating the market as further results materialize in the coming months. \"Resouro is now incorporating verified historic data and data from the new sampling to calcula...