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Resouro Reports High Grade Initial Results at Tiros Rare Earths and Titanium Project in Brazil
Toronto, Ontario--(Newsfile Corp. - September 12, 2023) - Resouro Gold Inc. (TSXV: RAU) (FSE: BU9...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Reports High Grade Initial Results at Tiros Rare Earths and Titanium Project in BrazilToronto, Ontario--(Newsfile Corp. - September 12, 2023) - Resouro Gold Inc. (TSXV: RAU) (FSE: BU9) (\"Resouro\" or the \"Company\") is pleased to announce significant initial exploration results as part of the previously announced exploration campaign at Tiros Rare Earths and Titanium Project in Brazil (the \"Tiros Project\"). Key Highlights- Initial follow up Auger drilling at Tiros delivers compelling assay results, including: 11m of 7,197ppm TREO (1,444 ppm NdPr) and 20.56% TiO2 from 4m; and11m of 5,253ppm TREO (1,056 ppm NdPr) and 15.26% TiO2 from surface.All 5 initial holes hit mineralization, averaging 5,134 ppm TREO, at an average NdPr of over 1,038 ppm, from surface to a maximum depth of 15m.- A total of 227 m was drilled in the initial program, awaiting assays on remaining 18 holes - A composited metallurgical sample, made from new Auger samples, were sent to ANSTO, Dofner Anzaplan and Prosper Laboratory for further analysis- Drilling contract signed for 12,000m AC drill program at Tiros Project to commence mid-September Chris Eager, CEO of Resouro, commented:\"We are extremely pleased with results from the initial follow up drill program at Tiros and look forward to receiving further assay results from this program currently sitting with the lab, as well as accelerating our drill campaign at the project. Additionally, initial metallurgical results from the Brazilian lab have been encouraging, and we eagerly await results from world-class labs in Australia and Germany to further demonstrate the metallurgical characteristics of Tiros. On both fronts, we look forward to updating the market as results materialize.\"Auger Drilling Progress and Initial Assay Results Resouro commenced its initial follow up program at Tiros in July. 23 new Auger drill holes for a total of 227 m have been completed by Resouro's exploration team at the Tiros Rare Earths and Titanium Project. The Auger holes were drilled into near surface areas of severely oxidized zone, which lies at the top of the Capacete formation. Highlights of the initial assay results are shown in Table 1 (Also see Figure 1 for Locations).The Capacete formation averages approximately 40 meters in thickness, with Auger drilling limited to a maximum of 15 meters in depth. All auger ...