Rare Earths Americas reports near-surface heavy rare earth mineralization at Homer-A project in Brazil
Bitget2026/09/23 11:06- Rare Earths Americas reported initial drill assays from Homer-A in Goiás, Brazil, showing widespread near-surface rare earth mineralization with heavy rare earth enrichment.
- Assays from 11 RC holes outlined a 2.15 km² tested area; all intersected mineralization within a ring-shaped magnetic anomaly exceeding 35 km².
- Results included multiple intercepts above 2,000 ppm TREO over more than 10 meters, with HREO above 30% of TREO.
- Hole RC-TGA-0014 returned 11 meters at 1,096 ppm Nb₂O₅ with 47 ppm Ta₂O₅, overlapping high-grade rare earth zones.
- More than 6,500 meters were drilled by Sept. 15, 2026; a US$ 5 million, 15,000-meter program targets an initial resource estimate in 2027.
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