Tiros infill drilling gives Resouro another confidence boost
Infill drilling at Resouro Strategic Metals’ Tiros titanium and rare earths project is now complete, with the first assays boosting confidence in consistency of its shallow, high-grade mineralisation.
- Resouro Strategic Metals has completed infill drilling for mine planning at its Tiros titanium and rare earths project which has a maiden resource of 1.7 billion tonnes for 7% of the project
- Results include four metres at high grade 22.5% titanium dioxide (TiO2) and 7,117ppm total rare earth oxides (TREO)
- Data from the program will be used for future estimation of an updated Mineral Resource Estimate (MRE) and a maiden ore reserve
The maiden resource at Tiros currently stands at 1.7 billion tonnes for only 7% of the project.
Among the three diamond drill holes returned are:
- 49m at 13.7% TiO2 and 4,222ppm TREO, with 873ppm high-value magnet metals neodymium and praseodymium (NdPr) from only 5m.
- That intercept includes 4m at 22.5% TiO2 and 7,117ppm TREO, with 1,260ppm NdPr, from just 13 metres downhole.
- Another is 50m at 12.9% TiO2 and 3,969ppm TREO (818 ppm NdPr) from 45m.
- The third is 55m at 9.9% TiO2 and 3,486ppm TREO (836ppm NdPr) from 31m.
Resouro (ASX:RAU) will incorporate data from the 46-hole, 2,922m infill program into an updated MRE and a maiden ore reserve for the Tiros Central Block.
The project, in Brazil, is already one of the world’s largest JORC combined rare earths and titanium deposits and Resouro is also aggressing advancing engineering studies.
Resouro’s CEO, Alistair Stephens said: “Completing our infill drilling program brings us one step closer to achieving our development objectives and enhances our understanding of the resource’s continuity and quality.