Resouro Commences Field Work at the Tiros Titanium and Rare Earths Project in Brazil to Collect Data for Initial Resource Estimation

14.03.2023 | Newsfile

Vancouver, March 14, 2023 - Resouro Gold Inc. (TSXV: RAU) ("Resouro" or the "Company") is pleased to announce that the Company has initiated a work program at the Tiros Titanium-REE Project where Resouro recently acquired a 33% stake with a farm-in agreement for a 90% interest announced on February 15, 2023 (see Press Release). The Tiros Project represents 10 mineral concessions totalling 152 km² located in Minas Gerais, one of the most infrastructurally developed states of Brazil, 350 km from Belo Horizonte, the state capital. The Tiros licenses cover the most prospective portion of the prolific Capacete Formation and the areas with the greatest exploration potential.

Resouro's team has commenced an initial work program consisting of the following:

Building and verifying the database of historic data
Preparation of two 100 kg composite samples from historic drilling
Planning of an Auger drilling progam utilising the Auger drills owned by the Company
Planning of an aircore drilling program to have sufficient data to produce NI 43-101 compliant resource
Developing metallurgical testwork flowsheets
Selection of a metallurgical laboratory in Brazil for initial Titanium and Rare Earth concentation
Appointment of a UK-based specialist metallurgical laboratory for specialist TiO₂ and REE testwork

The initial work program, once completed and all results received and interpreted, will be followed by:

Planning of Environmental Impact Assessment
Planning of Environmental and Social Governance programs
Initial conceptual strip mining planning studies and mine rehabilitation studies
Further assessment of the infrastructure and initial capital and operating cost assessment
Segmenting and analysing the REE and TiO₂ offtake market

Resouro's President and CEO, Christopher Eager, said: "We are very excited to commence work on the Tiros Project. The Project has a significant amount of historic data, and the total grades compare favourably with the grades at the two other REE projects at the same stage of development in Brazil. The ore bodies are continuous layers of soft material at or close to surface, which means that sampling can be done cheaply and quickly to produce a 43-101 resource estimate by drilling short holes at wide spacing. Tiros holds vast potential waiting to be unlocked, and our team is ready to move forward right away."

Tiros Project Highlights:

10 Mineral Concessions totalling 152 km² and covering 70 km of the NE trending Tiros sedimentary sequence.
Extensive horizontally bedded near surface and outcropping Capacete Formation formed from the erosion and deposition of the volcaniclastic rocks of the Alkaline province of Alto Paranaiba. The Tiros licenses cover the most prospective portions of the Formation and the areas with the greatest exploration potential.
Historical data for Tiros includes:

1,033 m of drilling from 21 holes within the concessions
GPR Profiles - subsurface imagery
Aerial geophysical Magnetic and Gamma survey
Remote sensing studies
Preliminary metallurgical studies on the Titanium beneficiation
Mineralogy studies and weathering profile characterization
Verification and re-assaying of the available core/drilling material

Results from the laboratory SGS-Geosol, using samples from 21 Core and RAC drillholes and totalling 288 samples, were used to define the mineralized bed, using a TiO₂ cut-off grade of 6%. Within this bed, TiO₂ grades average 13.4% and Rare Earth Oxide average 0.4% TREO. These are averages weighted by sample size and do not represent a resource evaluation.
High-grade intervals, with more than 20% TiO₂ and 1% TREO, up to 4.8 m thick, were identified in five holes.
Approximately 24% of the content of Rare Earth Elements is made by Neodymium, Praseodymium and Dysprosium, elements used in magnet manufacture.

Table 1 - Historic Drill Results

Hole		From	To	Thickness (m)	TiO₂ %	TREO ppm
AC-TIR-002		36	42	6	10.23	2,000
AC-TIR-003		44	48	4	13.01	3,100
AC-TIR-004		37	51	14	11.83	4,200
	Contains	46	49	3	22.27	8,600
AC-TIR-005		36	52	16	11.95	2,600
AC-TIR-008		45	58	13	17.61	3,500
AC-TIR-009		14	28	14	17.74	5,200
	Contains	20	24	4	24.71	10,200
AC-TIR-010		26	39	13	16.73	4,700
	Contains	34	36	2	24.08	9,700
AC-TIR-011		11	55	42	16.47	4,100
AC-TIR-012		51	60	9	17.12	5,500
AC-TIR-013		26	36	10	8.54	2,800
AC-TIR-014		31	35	4	10.06	2,600
AC-TIR-016		31	51	20	11.40	3,600
AC-TIR-018		22	42	20	11.60	4,200
AC-TIR-020		13	54	41	11.84	4,300
	Contains	21	25	4	22.43	10,500
PMC-FD-0074		20.3	72.2	51.9	12.10	3,900
	Contains	27.3	32.1	4.8	26.30	10,400

This table is NI 43-101 compliant. A QA-QC program was used concomitant with the sampling and assaying. A sample integrity protocol was observed, with the participation of the QP.

The technical content of this news release has been reviewed and approved by Rodrigo Mello, who is a Fellow of AusIMM with relevant experience in titanium and rare earth exploration, and a qualified person, as defined by National Instrument 43-101.

About Resouro Gold Inc.

Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato Grosso and the Tiros Titanium-REE Project in Minas Gerais. Learn more about the Company on its website: https://resouro.com.

For further information, please contact the Company at:

Chris Eager, CEO
chris.eager@resouro.com

Iryna Zheliasko, Investor Relations
iryna@grovecorp.ca
647-249-9298

Disclaimer

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. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of due diligence, receipt of board approvals, the approval of the TSX Venture Exchange, the assumption and satisfaction of the obligations under the Coogavepe Agreement and the timing and completion of the proposed acquisition. 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; the availability of capital on acceptable terms; 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.

The TSX Venture Exchange has in no way passed upon the merits of the proposed acquisition and has neither approved nor disapproved the contents of this press release.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158362

Dieser Artikel stammt von Rohstoff-Welt.de
Die URL für diesen Artikel lautet: https://www.rohstoff-welt.de/news/438094--Resouro-Commences-Field-Work-at-the-Tiros-Titanium-and-Rare-Earths-Project-in-Brazil-to-Collect-Data-for-Initial-Resource-Estimation.html

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!