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Resouro Strategic Metals Inc - Recent Drilling Results Released Producing Highest Grade/Thickness Results from the Tiros Project

Toronto, Ontario--(Newsfile Corp. - January 18, 2024) - Resouro Strategic Metals Inc. (TSXV: RSM) (FSE: 8TX) ("Resouro" or the "Company") is pleased to provide an update on activities at the Tiros Rare Earths and Titanium project in Brazil ("Tiros Project" or "Project").

Key highlights from recent assays received include;

  • 38 metres at 6,444 ppm TREO with 1,524 ppm NdPr and 17.5% TiO2 from 40m (Aircore)

  • 34 metres at 4,216 ppm TREO with 1,020 ppm NdPr and 10.6% TiO2 from 24m (Aircore)

  • 28 metres at 4,585 ppm TREO with 1,012 ppm NdPr and 12.7% TiO2 from 29m (Aircore)

  • 12 metres at 8,150 ppm TREO with 1,575 ppm NdPr and 20% TiO2 from surface (Auger)

  • 10.5 metres at 7,181 ppm TREO including 2,222 ppm NdPr and 17.5% TiO2 from surface (Auger)

  • 14 metres at 4,340 ppm TREO with 911 ppm NdPr and 12.1% TiO2 from 29m (Auger)

ADVERTISEMENT

In summary, the 518 samples taken from the 13 holes (AC and Auger) in the recent campaign produced (see figures 1 - 3)

  • 83% of the samples had a TREO grade above 3,000 ppm;

  • 84% of the samples had a NdPr grade of over 500 ppm; and

  • 85% of samples had a TiO2 grade of over 10%.

Note: The potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Commenting on the significance of these high-grade assays results from Tiros, CEO and President of Resouro, Chris Eager, said:

"We are extremely pleased with the assay results from the recent drilling campaign at Tiros, which demonstrate both the highest grades (TREO, NdPr and TiO2) and thicknesses we have seen at the project to date. Drilling to date has consistently demonstrated thick intercepts of high-grade TREO and TiO2. The latest results continue to indicate Tiros could be a globally significant REE and TiO2 project."



Figure 1: Grade Distribution of Total Rare Earth Oxides from drilling results received to date from the Tiros Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5944/194740_3867efcbd41a6a59_002full.jpg



Figure 2: Grade Distribution of NdPr Rare Earth from drilling results received to date from the Tiros Project (Note: The distribution percentages outlined)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5944/194740_3867efcbd41a6a59_003full.jpg



Figure 3: Grade Distribution of Titanium Dioxide from drilling results received to date from the Tiros Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5944/194740_3867efcbd41a6a59_004full.jpg

Resouro has focused drilling on the Tiros Centre (see figure 5) which covers 44 km2 in the centre of the Tiros Project with its northern tenements (Tiros North) also producing excellent results. The Tiros Centre covers approximately 9.5% of the total 477 km2 of the Tiros Project. The program includes Air- Core, Diamond and Auger drilling, all to provide data for a maiden Resource Estimation.

Resouro has now completed 257m over 25 auger holes, 1,562m over 30 Air-Core holes and, 1,634m over 26 Diamond holes, excluding historical drilling by Vincenza and Iluka with 950m over 20 holes of Air-Core drilling and 1 diamond drill hole at 82m by Vincenza. The assay results published in this release are the first of significant number of drill samples currently in the laboratory for assay.

The recent results from Tiros confirm the Company's technical analysis of the geology showing a high grade REE and Tio2 resource below overburden in the plateaus of the regional Capacete Formation indicating a relative homogeneous globally significant high grade ore body as indicated in figure 4 below.



Figure 4: a typical resource section of the Tiros Project across the plateaus of the Capacete Formation.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5944/194740_3867efcbd41a6a59_005full.jpg



Figure 5: Tiros Tenements Location Map (left) and current drilling program hole locations on Tiros central (right)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5944/194740_3867efcbd41a6a59_006full.jpg

Quality Assurance Quality Control
A QA/QC program is in place for every batch of samples sent to the laboratory including blanks, different types of standards, for REE and titanium, and also field duplicates. Further, a number of samples in each batch are later chosen for testing in a secondary laboratory and in the primary laboratory, as pulp or coarse duplicates.

Qualified Person ("QP")
The technical content of this news release has been reviewed and approved by Rodrigo Mello B.Sc. Geology, FAusIMM and a qualified person as defined by National Instrument 43-101. Mr Mello has reviewed and verified the drilling and assay data included in this announcement.

Important Notice
The Company refers to its release on SEDAR Plus on 17 August 2023 titled "Resouro Completes Historical Desktop Study Including Historical Resource at Tiros Rare Earths and Titanium Project in Brazil" (Release), which included disclosures regarding the Company's initial resource target and historical resource estimates.

The Company advises that the initial resource target and resource estimates table disclosed in the Release were not compliant with either the standards prescribed by National Instrument 43-101 - Standards of Disclosure for Mineral Projects or the 2012 Edition of the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company retracts that information and advises that investors should not rely on the retracted information in assessing the Company's Tiros Rare Earths and Titanium Project or for any investment decision.



Figure 6 - Grade Profile from Selected Air-Core and Auger Holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5944/194740_figure6resouro.jpg



Figure 7: Typical Diamond Drill Core from Tiros Showing Capacete Formation Clays

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5944/194740_figure7resouro.jpg

Tiros Acquisition Update

Further to the Company's recent announcements regarding the acquisition of Tiros, the Company is pleased to advise that it is closing out the final states of the acquisition with one of the key requirements, being the approval of the issue of 4 million options to the Company's President & CEO, Chris Eager, approved by shareholders at the special meeting held earlier this week with the results summarised below. The remaining outstanding items relate to the submission of a NI 43-101 technical report in relation to the Tiros Project and a report on the Project's title and accompanying opinion to that effect. These matters will be rounded out in coming days and, subject to confirmation by the TSXV that the documents submitted are satisfactory, the Company will formally proceed to close the acquisition and issue the consideration equity.

Meeting Results

Further to the Company's news release dated December 22, 2023, on January 16, 2024, the shareholders of the Company were asked to approve, among other matters, a new stock option plan (the "Amended and Restated Option Plan") at a special meeting of the shareholders (the "Meeting").

At the Meeting, four resolutions were placed before the shareholders. The first of which was a resolution requiring ordinary and disinterested shareholder approval to amend the stock option plan, to, among other things, permit the Company to issue stock options exercisable for up to 14,193,752 common shares of the Company, being 20% of the issued and outstanding Common Shares as at the date of the management information circular in respect of the Meeting (the "First Resolution"). The second, a resolution requiring two separate disinterested shareholder approvals of the grant of 4,000,000 options with an exercise price of $0.20 per Common Share (the "Options") to Christopher Eager, President and Chief Executive Officer of the Company (the "Second Resolution"). The third, a resolution requiring disinterested shareholder approval of the issuance of additional options equal to up to 10% of the issued and outstanding common shares of the Company to Insiders of the Company, as such term is defined by the policies of the TSX Venture Exchange, within the 12 month period following the Meeting, in excess of the grant of the Options (the "Third Resolution"). The fourth, a resolution requiring disinterested shareholder approval of the issuance of additional options equal to up to 5% of the issued and outstanding common shares of the Company to Christopher Eager within the 12 month period, following the Meeting, in excess of the grant of the Options (the "Fourth Resolution").

A total of 25,305,276 Common Shares, or 99.99% of the votes cast at the Meeting by holders of Common Shares present or represented by proxy were cast in favour of the First Resolution with respect to the ordinary resolution approval required. 7,149,527 Common Shares, or 99.99% of the votes cast at the Meeting by holders of Common Shares present or represented by proxy were cast in favour of the First Resolution with respect to the disinterested approval required. Similarly, a total of 7,149,527 Common Shares, or 99.99% of the votes cast at the Meeting by holders of Common Shares present or represented by proxy were cast in favour of the Second Resolution, Third Resolution and Fourth Resolution with respect to each of the levels of disinterested approval required for each of the relevant resolutions.

Details of all matters voted upon at the Meeting are provided in the management information circular in respect of the Meeting, a copy of which is available on the Company's SEDAR+ profile.

About the Company

Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Tiros Project in Minas Gerais and the Novo Mundo Gold Project in Mato Grosso. The Tiros Project represents 25 mineral concessions totaling 477 km2 located in the state of Minas Gerais, one of the most infrastructurally developed states of Brazil, 350 km from Belo Horizonte, the state capital.

This announcement has been authorised by Mr. Chis Eager, on behalf of the Board of Directors.

Chris Eager, President & CEO
RESOURO STRATEGIC METALS INC.

For further information, please contact the Company at:

+1 416 642-1807 (Principal Office - Toronto, Canada)

Chris Eager, CEO 
chris.eager@resouro.com

Forward-Looking Information

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward- looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required, including obtaining conditional and final acceptance of the TSXV; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in the mining industry; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Selected High Grade Drilling Intervals to Date

HOLE-ID

Type

FROM

TO

Thickness

TREO ppm

NdPr ppm

TiO2%

ACTIR-02

AC

36

42

6

1,986

377

10.23

ACTIR-03

AC

44

48

4

3,082

393

13.01

ACTIR-04

AC

37

51

14

4,125

822

11.83

includes

AC

46

49

3

8,478

1,924

22.27

ACTIR-05

AC

36

47

11

2,530

409

11.71

ACTIR-08

AC

44

55

11

3,382

516

15.77

includes

AC

53

55

2

5,986

1,163

22.39

ACTIR-09

AC

13

28

15

4,873

1,027

17.00

includes

AC

16

25

9

6,728

1,489

21.62

ACTIR-10

AC

26

39

13

4,599

980

16.73

includes

AC

31

36

5

7,268

1,763

22.57

ACTIR-11

AC

11

53

42

4,116

866

16.47

includes

AC

13

22

9

6,014

1,162

20.20

ACTIR-12

AC

51

60

9

5,521

1,136

17.12

includes

AC

53

60

7

6,587

1,368

19.22

ACTIR-13

AC

29

36

7

2,865

659

8.78

ACTIR-14

AC

31

35

4

2,629

535

10.06

ACTIR-16

AC

30

51

21

3,334

726

11.23

includes

AC

38

41

3

5,948

1,277

21.39

ACTIR-18

AC

22

33

11

4,933

1,047

14.25

includes

AC

29

32

3

8,147

1,995

22.96

ACTIR-20

AC

13

27

14

5,495

1,220

15.19

includes

AC

21

25

4

10,421

2,567

22.43

ACTIR-21

AC

29

43

13

4,340

911

12.13

ACTIR-22

AC

23

58

32

4,120

996

10.35

ACTIR-23

AC

29

57

28

4,585

1,012

12.74

ACTIR-24

AC

34

78

44

5,739

1,356

15.44

includes

AC

43

53

10

10,703

2,491

22.95

FT-01

Auger

0

6

6

4,189

501

20.56

includes

Auger

1

6

5

4,184

488

21.30

FT-02

Auger

0

11

11

5,253

1,056

15.26

includes

Auger

8

11

3

6,671

1,979

17.62

FT-03

Auger

0

6

6

4,058

1,103

15.03

includes

Auger

2

4

2

4,712

1,156

19.96

FT-04

Auger

3

15

12

6,699

1,330

19.41

FT-05

Auger

2

9

7

3,455

774

10.92

FT-07

Auger

0

2

2

3,610

802

10.82

 

HOLE-ID

Type

FROM

TO

Thickness

TREO ppm

NdPr ppm

TiO2%

FT-09

Auger

3

11

8

5,768

1,085

16.03

includes

Auger

5

9

4

7,952

1,453

21.82

FT-10

Auger

7

10

3

3,143

250

8.76

FT-11

Auger

0

10.5

10.5

7,181

2,222

10.47

FT-14

Auger

12

15

3

662

105

9.37

FT-15

Auger

3

16

13

1,846

264

9.92

FT-16

Auger

0

13

13

1,546

209

7.20

FT-18

Auger

2

9

7

2,508

467

7.66

FT-19

Auger

0

11

11

4,131

1,010

8.78

FT-20

Auger

6

7

1

223

11

6.14

FT-21

Auger

0

2

2

1,882

145

4.65

FT-23

Auger

0

11

11

5,155

952

14.03

includes

Auger

7

11

4

9,087

1,940

21.47

FT-24

Auger

0

15

15

3,885

665

13.01

includes

Auger

10

13

3

6,498

1,394

18.74

FT-25

Auger

0

12

12

8,150

1,575

20.10

includes

Auger

2

12

10

8,710

1,760

21.50

PMC-FD-0074

Core

20.3

72.2

51.9

3,608

820

11.73

includes

Core

24.9

32.1

7.2

8,382

1,782

23.27

 

Tiros Air-Core Hole - AC-TIR-002

FROM

TO

TiO2%

TREOppm

   NdPrOxide

36

37

10.05

817

165

37

38

7.41

1,502

299

38

39

10.07

2,148

410

39

40

10.22

1,711

313

40

41

11.03

2,469

445

41

42

12.61

3,271

628

Average Grade

10.23

1,986

377

Metres

6

 

Tiros Air-Core Hole - AC-TIR-003

FROM

 TO

TiO2%

TREOppm

    NdPrOxide

 44

 45

10.32

2,007

86

45

46

11.21

2,050

226

46

47

13.96

5,498

869

47

48

16.56

2,771

391

Average Grade

13.01

3,082

393

Metres

4

 

Tiros Air-Core Hole - AC-TIR-004

FROM

TO 

TiO2%

TREOppm

NdPrOxide

37

38

10.54

2,073

220

38

39

6.98

1,881

122

39

40

9.81

2,119

290

40

41

11.68

1,730

199

41

42

6.40

1,697

248

42

43

7.31

2,434

471

43

44

8.45

2,625

655

44

45

7.73

2,330

544

45

46

10.49

7,880

1,103

46

47

25.00

10,380

2,082

47

48

18.67

6,810

1,886

48

49

23.14

8,243

1,804

49

50

11.64

4,714

1,312

50

51

7.78

2,831

566

Average Grade

11.83

4,125

822

Metres

14

 

Tiros Air-Core Hole - AC-TIR-005

 FROM

 TO

 TiO2%

TREOppm

NdPrOxide

36

37

11.58

1,574

177

37

38

11.54

1,515

184

38

39

9.03

1,182

150

39

40

9.90

1,642

171

40

41

12.42

2,231

375

41

42

12.72

3,312

538

42

43

12.74

2,838

519

43

44

10.67

2,562

455

44

45

11.99

2,827

494

45

46

12.13

3,627

594

46

47

14.07

4,523

845

Average Grade

11.71

2,530

409

Metres

11

 

Tiros Air-Core Hole - AC-TIR-008

FROM

 TO

TiO2%

TREOppm

NdPrOxide

44

45

6.43

725

59

45

46

9.65

1,134

101

46

47

11.25

1,592

182

47

48

24.29

4,927

954

48

49

10.74

2,720

408

49

50

18.38

3,740

450

50

51

19.28

4,220

319

51

52

15.19

2,630

310

52

53

13.54

3,545

570

53

54

25.00

7,178

1,490

54

55

19.77

4,794

837

Average Grade

15.77

3,382

516

Metres

11

 

Tiros Air-Core Hole - AC-TIR-009

 FROM

 TO

TiO2%

TREOppm

NdPrOxide

13

14

6.58

648

44

14

15

9.41

2,128

124

15

16

9.29

2,077

199

16

17

18.77

2,444

275

17

18

18.46

2,886

373

18

19

17.08

3,505

548

19

20

18.27

4,972

968

20

21

25.00

10,468

2,596

21

22

23.83

8,369

1,961

22

23

25.00

10,619

2,518

23

24

25.00

11,197

2,659

24

25

23.19

6,092

1,506

25

26

9.43

2,154

490

26

27

12.74

2,795

597

27

28

12.93

2,741

542

Average Grade

17.00

4,873

1,027

Metres

15

 

Tiros Air-Core Hole - AC-TIR-010

FROM

 TO

 TiO2%

TREOppm

NdPrOxide

26

27

14.31

2,103

73

27

28

15.93

2,404

146

28

29

16.53

3,941

602

29

30

15.72

2,942

380

30

31

14.89

3,517

404

31

32

19.90

5,210

1,051

32

33

25.00

6,680

1,834

33

34

19.81

5,297

1,442

34

35

23.16

10,000

2,294

35

36

25.00

9,154

2,192

36

37

12.02

3,551

836

37

38

5.11

1,560

443

38

39

10.15

3,427

1,040

Average Grade

16.73

4,599

980

Metres

13

 


Tiros Air-Core Hole - AC-TIR-011


 FROM

 TO

TiO2%

TREOppm

NdPrOxide

11
12

12
13

16.66

2,354

371

15.30

2,841

462

13

14

19.47

2,135

334

14

15

12.65

1,639

226

15

16

14.10

4,894

669

16

17

20.84

6,729

1,526

17

18

25.00

11,611

2,368

18

19

21.45

6,699

1,314

19

20

23.87

6,749

1,315

20

21

24.12

8,621

1,622

21

22

20.34

5,049

1,085

22

23

13.45

3,476

580

23

24

7.08

1,280

210

24

25

9.08

1,299

204

25

26

11.80

5,580

630

26

27

14.83

4,201

819

27

28

13.78

3,752

531

28

29

18.39

3,863

768

29

30

16.86

5,568

1,221

30

31

15.24

7,002

1,446

31

32

15.69

8,158

2,079

32

33

20.46

6,704

1,821

33

34

14.63

6,195

1,560

34

35

13.93

3,408

840

35

36

12.97

2,946

674

36

37

16.42

2,763

635

37

38

16.42

2,308

562

38

39

16.23

2,856

722

39

40

15.33

3,362

868

40

41

11.69

3,017

753

41

42

16.77

2,341

563

42

43

18.69

3,011

735

43

44

20.33

3,265

816

44

45

20.31

2,924

698

45

46

17.21

2,668

590

46

47

17.35

2,958

634

47

48

19.35

3,085

661

48

49

17.62

3,401

884

49

50

12.68

3,799

976

51

52

12.23

2,550

427

52

53

18.65

2,935

506

50

51

- 114 2- .65

2,863

676

Average Grade

16.47

4,116

866

 

Tiros Air-Core Hole - AC-TIR-012

FROM

 TO

TiO2%

TREOppm

NdPrOxide

51

52

8.34

1,154

198

52

53

11.14

2,427

446

53

54

18.97

8,031

1,591

54

55

14.55

4,965

942

55

56

22.25

8,874

1,708

56

57

20.33

6,793

1,350

57

58

19.02

5,824

1,233

58

59

19.50

5,931

1,340

59

60

19.94

5,690

1,413

Average Grade

17.12

5,521

1,136

Metres

9

 

Tiros Air Core Hole - AC-TIR-0013

 FROM

TO

 TiO2%

TREOppm

NdPrOxide

29

30

8.08

2,891

678

30

31

8.30

3,483

787

31

32

9.19

3,088

710

32

33

9.52

3,072

699

33

34

9.40

2,585

590

34

35

8.56

2,573

604

35

36

8.39

2,362

543

Average Grade

8.78

2,865

659

Metres

7

 

Tiros Aircore Hole - AC-TIR-0014

FROM 

TO

TiO2%

TREOppm

NdPrOxide

31

32

10.79

1,220

203

32

33

9.78

1,150

188

33

34

10.17

1,597

277

34

35

9.48

6,547

1,472

Average Grade

10.06

2,629

535

Metres

4

 

Tiros Aircore Hole - AC-TIR-0018

FROM

TO

TiO2%

TREOppm

 NdPrOxide

22

23

7.78

1,635

356

23

24

8.33

2,111

458

24

25

8.39

2,509

417

25

26

10.58

3,145

504

26

27

12.88

4,676

577

27

28

11.68

4,621

790

28

29

12.00

5,154

820

29

30

25.00

9,530

2,148

30

31

23.49

8,070

1,968

31

32

20.39

6,842

1,870

32

33

16.24

5,970

1,604

34

35

9.59

2,931

698

35

36

6.99

2,520

622

36

37

7.10

4,275

630

37

38

7.49

2,517

686

38

39

10.84

4,127

1,083

39

40

10.40

4,604

1,247

40

41

8.93

3,977

1,100

41

42

6.42

2,818

788

Average Grade

11.82

4,317

967

Metres

20

 

Tiros Aire Core Hole - AC-TIR-0021

FROM

 TO

TiO2%

TREOppm

NdPrOxide

29

30

8.18

842

142

30

31

7.05

845

147

31

32

12.90

5,296

835

32

33

18.93

5,424

907

33

34

14.50

4,539

765

34

35

17.64

7,817

1,631

35

36

11.19

3,565

658

36

37

10.28

3,911

804

37

38

14.50

3,822

870

38

39

8.39

4,429

1,005

40

41

10.58

3,767

920

41

42

13.92

6,728

1,739

42

43

9.61

5,440

1,425

Average Grade

12.13

4,340

911

Metres

14

 

Tiros Aircore Hole - AC-TIR-0022

FROM

TO

 TiO2%

TREOppm

NdPrOxide

23

24

3.68

1,160

233

24

25

6.67

1,128

202

25

26

8.57

1,034

172

26

27

8.69

1,342

233

27

28

7.90

1,538

277

28

29

13.33

1,804

309

29

30

14.88

2,662

463

30

31

14.68

4,484

588

31

32

22.47

8,939

2,068

32

33

16.18

5,813

1,305

33

34

14.37

5,224

1,299

34

35

15.38

5,827

1,435

35

36

7.36

4,539

1,062

36

37

7.75

4,498

1,173

37

38

12.26

7,201

2,074

38

39

10.70

6,927

1,575

39

40

6.26

2,903

679

40

41

8.47

3,954

895

41

42

8.77

4,279

1,240

42

43

7.90

4,276

1,232

43

44

8.70

5,141

1,563

44

45

7.32

6,503

1,797

45

46

10.92

4,150

1,116

46

47

7.70

4,108

992

47

48

10.87

5,757

1,471

48

49

8.28

5,247

1,353

49

50

11.32

5,430

1,374

50

51

14.97

5,219

1,207

51

52

0.09

23

9

55

56

8.78

2,883

643

56

57

13.74

4,120

960

57

58

12.11

3,744

861

Average Grade

10.35

4,120

996

Metres

35

 

Tiros Airecore Hole - AC-TIR-0023

FROM

TO

TiO2%

TREOppm

NdPrOxide

29

30

8.80

1,174

269

30

31

14.81

1,436

264

31

32

15.89

3,314

639

32

33

13.11

3,805

741

33

34

14.38

3,045

550

34

35

14.15

4,681

701

35

36

16.93

6,936

1,453

36

37

25.00

12,309

2,303

37

38

25.00

10,789

2,343

38

39

22.96

7,432

1,613

39

40

9.89

3,646

845

40

41

9.21

3,697

912

41

42

10.44

5,000

1,430

42

43

9.91

3,559

1,099

43

44

13.40

5,337

1,252

44

45

7.75

4,956

1,288

45

46

8.66

5,124

1,161

46

47

10.66

5,059

1,166

47

48

8.73

3,680

809

48

49

9.88

4,060

899

49

50

11.43

3,891

884

50

51

10.61

4,144

891

51

52

9.57

3,725

799

52

53

14.14

4,710

1,111

53

54

8.43

2,951

690

54

55

9.98

3,178

754

55

56

10.21

3,052

710

56

57

12.85

3,691

771

Average Grade

12.74

4,585

1,012

Metres

28

 

Tiros Aircore Hole - AC-TIR-0020

FROM

TO 

 TiO2%

TREOppm

NdPrOxide

13

14

11.49

1,513

208

14

15

15.66

2,946

451

15

16

12.53

2,032

325

16

17

12.59

3,887

585

17

18

14.39

3,949

626

18

19

12.28

3,271

452

19

20

14.09

4,649

867

20

21

17.70

7,697

1,986

21

22

18.44

8,588

1,984

22

23

25.00

11,987

2,884

23

24

24.22

10,949

2,796

24

25

22.07

10,160

2,605

25

26

5.55

2,652

653

26

27

6.65

2,650

661

33

34

6.63

1,782

469

34

35

7.69

3,364

956

35

36

11.83

6,359

1,995

36

37

10.76

5,968

1,612

37

38

6.74

3,277

778

38

39

9.14

4,403

994

39

40

10.15

3,587

828

40

41

9.17

2,879

654

41

42

7.67

2,493

581

42

43

8.58

2,535

589

43

44

10.31

2,928

690

44

45

8.71

2,370

547

45

46

8.27

2,493

578

46

47

11.46

3,121

730

47

48

9.10

2,594

612

48

49

12.53

3,524

850

49

50

8.42

2,182

522

50

51

12.33

3,311

753

51

52

10.12

2,458

571

52

53

11.05

2,637

596

53

54

11.17

3,026

719

Average Grade

11.84

4,121

963

Metres

41

 

Tiros Air Core Hole - AC-TIR-0024

 FROM

TO 

 TiO2%

 TREOppm

NdPrOxide

40

41

8.71

4,417

974

41

42

12.88

1,889

397

42

43

13.87

3,502

742

43

44

21.76

5,666

1,210

44

45

17.75

9,267

2,137

45

46

25.00

7,817

1,637

46

47

25.00

10,173

2,427

47

48

25.00

15,152

3,626

48

49

25.00

17,775

4,368

49

50

25.00

16,960

3,960

50

51

22.76

9,088

2,058

51

52

18.65

6,764

1,532

52

53

23.57

8,365

1,951

53

54

12.49

4,472

996

54

55

9.43

3,240

726

55

56

12.49

2,901

707

56

57

17.33

4,131

1,044

57

58

9.11

3,054

729

58

59

14.83

4,366

994

59

60

16.31

4,708

1,127

60

61

15.03

5,386

1,131

61

62

17.81

5,600

1,224

62

63

12.58

4,210

911

63

64

9.16

3,663

829

64

65

13.08

6,030

1,487

65

66

13.03

4,846

1,231

66

67

13.65

5,866

1,319

67

68

14.96

7,281

1,815

68

69

13.06

5,583

1,487

69

70

16.59

5,678

1,468

70

71

14.49

5,475

1,489

71

72

19.83

5,704

1,437

72

73

19.19

5,286

1,290

73

74

16.52

5,268

1,319

74

75

18.78

5,769

1,446

75

76

23.30

6,343

1,548

76

77

24.83

7,055

1,685

77

78

20.36

6,082

1,470

Average Grade

17.19

6,443

1,524

Metres

38

 

 

 

Tiros Auger Hole - FT-01 

 

FROM

TO

TiO2%

TREOppm

NdPrOxide

0

1

16.86

4,215

566

1

2

19.83

4,673

570

2

3

20.70

4,208

486

3

4

20.09

4,422

501

4

5

20.89

3,931

470

5

6

25.00

3,686

416

Average Grade

20.56

4,189

501

Metres

6


 



Tiros Auger Hole - FT-02 


FROM

TO

TiO2%

TREOppm

NdPrOxide

0

1

12.64

5,617

544

1

2

15.91

4,960

580

2

3

14.01

4,597

632

3

4

14.28

4,623

508

4

5

15.96

4,293

745

5

6

14.39

4,648

777

6

7

14.10

4,415

924

7

8

13.77

4,615

972

8

9

18.05

4,713

1,016

9

10

16.78

5,017

1,175

10

11

18.02

10,283

3,745

Average Grade

15.26

5,253

1,056

Metres

11

 



Tiros Auger Hole - FT-03 


FROM 

 TO

TiO2%

TREOppm

NdPrOxide

0

1

15.04

3,251

811

1

2

17.80

6,675

2,153

2

3

21.43

4,645

1,051

3

4

18.48

4,779

1,261

4

5

10.67

2,999

805

5

6

6.78

1,997

539

Average Grade

15.03

4,058

1,103

Metres

6

 



Tiros Auger Hole - FT-04 


FROM

TO

TiO2%

TREOppm

NdPrOxide

3

4

6.84

1,220

83

4

5

15.43

3,125

383

5

6

18.20

3,476

372

6

7

19.83

3,581

445

7

8

14.17

3,818

507

8

9

25.00

10,070

2,203

9

10

22.13

9,796

1,833

10

11

24.51

9,711

2,322

11

12

25.00

8,991

1,930

12

13

25.00

10,161

2,471

13

14

25.00

10,166

2,424

14

15

11.84

6,272

992

Average Grade

19.41

6,699

1,330

Metres

12

 



Tiros Auger Hole - FT-05 


FROM

TO

TiO2%

TREOppm

NdPrOxide

2

3

13.98

4,547

895

3

4

11.30

3,972

954

4

5

10.56

4,326

1,008

5

6

8.95

2,640

612

6

7

11.98

3,140

717

7

8

10.28

2,732

627

8

9

9.41

2,827

606

Average Grade

10.92

3,455

774

Metres

7

 



Tiros Auger Hole - FT-07 


FROM

TO

TiO2%

TREOppm

NdPrOxide

0

1

12.22

4,065

907

1

2

9.42

3,155

697

Average Grade

10.82

3,610

802

Metres

2

 



Tiros Auger Hole - FT-09


FROM

TO

TiO2%

 TREOppm

NdPrOxide

3

4

7.08

1,932

263

4

5

12.82

4,244

524

5

6

18.35

4,943

690

6

7

25.00

10,397

1,972

7

8

23.01

10,340

1,687

8

9

20.90

6,127

1,466

9

10

11.11

3,606

874

10

11

9.97

4,552

1,204

Average Grade

16.03

5,768

1,085

Metres

8

 



Tiros Auger Hole - FT-10 


FROM

TO

TiO2%

TREOppm

NdPrOxide

7

8

7.26

2,374

145

8

9

9.84

2,275

280

9

10

9.18

4,779

324

Average Grade

8.76

3,143

250

Metres

3

 



Tiros Auger Hole - FT-11 


FROM

TO

TiO2%

TREOppm

NdPrOxide

0

1

16.69

5,234

934

1

2

9.90

5,035

1,211

2

3

10.43

5,652

1,573

3

4

10.93

7,709

3,173

4

5

10.68

6,651

2,183

5

6

10.38

6,548

1,956

6

7

10.73

7,846

1,933

7

8

8.70

9,536

3,380

8

9

8.73

9,026

2,937

9

10

10.40

9,068

3,108

10

10.5

7.59

6,682

2,051

Average Grade

10.47

7,181

2,222

Metres

10.5

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194740