Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) has 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. The hole returned significant rare earth oxide grades, expanding the project to four distinct rare earth targets and highlighting the potential for further mineralization at depth.
The drill hole intersected 1,748.9 ppm total rare earth oxides (TREO), 702.2 ppm magnetic rare earth oxides plus yttrium (MREO + Y₂O₃), and 531.0 ppm neodymium oxide plus praseodymium oxide (Nd₂O₃ + Pr₆O₁₁) over the final 6 meters from 16 to 22 meters depth. Within this interval, a higher-grade 2-meter section from 19 to 21 meters averaged 2,793.8 ppm TREO and 1,293.3 ppm MREO + Y₂O₃. The hole ended in mineralized material with grades increasing toward the bottom, indicating that the mineralized system remains open at depth.
These 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. Such profiles are favorable for potential low-cost extraction methods.
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-meter depth. The Turvolândia project is part of Canamera's broader portfolio of rare earth and critical metals exploration assets across the Americas, which also includes the Mantle project in British Columbia, the Garrow project in Northern Ontario, the Schryburt Lake project in Ontario, the Iron Hills project in Colorado, and the São Sepé project in Brazil. The company targets underexplored regions with strong geological signatures and supportive jurisdictions.
The implications of these results are significant for the rare earth market, as the growing demand for rare earth elements—critical for electric vehicles, wind turbines, and defense technologies—drives the need for new domestic and international sources. The high-grade neodymium and praseodymium oxides, key components in permanent magnets, are particularly valuable. The open-ended nature of the mineralization suggests potential for resource expansion, which could enhance the project's economic viability.
Investors can find the latest news and updates relating to EMETF in the company’s newsroom at https://ibn.fm/EMETF. For the full press release, visit https://ibn.fm/Uxsrt.
