Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) reported assay results from auger drill hole TUV-AUG-0036 at the Southern Zone of its Turvolândia Ionic Clay Rare Earth Project in Minas Gerais, Brazil, revealing high-grade rare earth element (REE) mineralization that expands the project to four distinct targets.
The drill hole returned 1,748.9 ppm total rare earth oxides (TREO), 702.2 ppm middle rare earth oxides plus yttrium oxide (MREO + Y₂O₃) and 531.0 ppm neodymium oxide plus praseodymium oxide (Nd₂O₃ + Pr₆O₁₁) over the final 6 metres from 16 to 22 metres depth. This included a higher-grade 2-metre interval averaging 2,793.8 ppm TREO and 1,293.3 ppm MREO + Y₂O₃ from 19 to 21 metres. The hole ended in mineralized material with grades increasing toward the bottom, indicating the system remains open at depth.
Canamera said the results expand the Turvolândia project to four distinct rare earth targets, with the South Target located approximately 7.4 kilometers from the Cordis target. The company also reported that all 22 samples from TUV-AUG-0036 returned Chemical Index of Alteration values above 93.8%, consistent with the advanced weathering profiles typically associated with ionic adsorption clay-hosted rare earth deposits. Four additional holes from the South Target remain pending assay results, while the company is evaluating deeper follow-up drilling to test mineralization below the current 22-metre depth.
The implications of these results are significant for the rare earth market, as ionic clay deposits are considered highly valuable due to their potential for lower-cost processing and higher recovery rates of critical elements like neodymium and praseodymium, which are essential for permanent magnets used in electric vehicles and wind turbines. By expanding the project to four targets, Canamera strengthens its position in the growing REE supply chain, particularly as global demand for critical minerals intensifies.
For investors, these results underscore the potential of the Turvolândia project to become a meaningful source of rare earths outside of China, which currently dominates production. The open-ended nature of the mineralization suggests that further drilling could significantly expand the resource base. The company's portfolio includes additional projects in Canada, the United States, and Brazil, providing diversification across stable jurisdictions.
To view the full press release, visit https://ibn.fm/Uxsrt. For more information about Canamera Energy Metals Corp., visit the company's newsroom at https://ibn.fm/EMETF.
