Business
Resouro Reports Exploration Progress Including High Grade Results at Tiros Rare Earths and Titanium Project in Brazil
Strategic Tenement Acquisition Increasing Land Position by Approximately 170% Toronto, Ontario--...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Reports Exploration Progress Including High Grade Results at Tiros Rare Earths and Titanium Project in BrazilStrategic Tenement Acquisition Increasing Land Position by Approximately 170%Toronto, Ontario--(Newsfile Corp. - October 2, 2023) - Resouro Gold Inc. (TSXV: RAU) (FSE: BU9) (\"Resouro\" or the \"Company\") is pleased to announce 2023 exploration program progress for the previously announced 2023 campaign at Tiros Rare Earths and Titanium Project in Brazil (the \"Tiros Project\"). Key HighlightsFollow-up Auger drilling at Tiros delivers compelling assay results, including: 10.5m at 7,181ppm TREO (2,222 ppm NdPr) from surface and 10.47% TiO2; and8m at 5,768ppm TREO (1,085 ppm NdPr) and 16.03% TiO2 from 3 m depth.Four of seven holes in this round of assays hit mineralization of 5880 ppp TREO at an average NdPr of 1462 pm at a maximum depth of 10.5 m.AC Drilling commenced with a second rig arriving imminently.Auger drilling with Two Auger rigs ongoing.Substantial extension to the Tiros Project Mineral rights package now virtually covers all available portions of the Capacete formation that may be of economic interest.Metallurgical testwork ongoing - Auger samples currently with ANSTO, Dofner Anzaplan and Prosper Laboratories. Chris Eager, CEO of Resouro, commented:\"We are making excellent progress on exploration at Tiros. Additional high grade results in the most recent batch of assay results led us to accelerate AC drilling with the addition of a second drill rig. We eagerly await the results of metallurgical test work on the initial composite sample, that will allow us to scope out a large scale multi-sample testwork programe for recovery of Rare Earth Elements and TiO2. Our initial exploration success has also given us the confidence to significantly increase our Mineral Rights to ensure that we control as much of the Capacete formation that may be economic interest. We look forward to the final assays from the Auger holes and Aircore drilling as we close out 2023. Lots more to come!\"Auger Drilling Progress and results of the second batch of samples from SGS25 Auger drill holes totaling 257 m drilled were completed by Resouro's exploration team at the Tiros Rare Earths and Titanium Project, since July. A second batch of results was received from SGS GEOSOL laboratory located in Vespasiano, Minas Gerais. A total o...