Power Minerals has completed two drill holes and is progressing a third in its maiden diamond drilling program at the Morro do Ferro Rare Earths Project in Brazil, with excellent core recovery and assay results expected soon.
- Two drill holes completed with a third underway
- Core recovery averaging 94.5% over 487.8m
- Samples dispatched for assay with results due in weeks
- Drone geophysical survey completed over entire project area
- Second drill rig arriving to accelerate drilling program
Maiden Drilling Progress and Core Quality
Power Minerals Limited (ASX:PNN) has marked solid progress in its maiden diamond drilling campaign at the Morro do Ferro Rare Earths Project in Brazil, completing two HQ triple-tube drill holes and advancing a third. The first two holes reached depths of 210.9 metres and 173.3 metres respectively, while the third has passed 200 metres. Core recovery has been exceptional, averaging 94.5% across 487.8 metres, a critical factor for reliable geological and metallurgical analysis.
Assay Timeline and Resource Modelling
Samples from the initial holes have been dispatched to SGS Geosol laboratory, with assay results expected within two to three weeks. These results will underpin the company’s goal of delivering a JORC 2012 Mineral Resource Estimate for Morro do Ferro later this year. The drilling program includes varying hole orientations, including a vertical hole currently in progress, to ensure comprehensive resource modelling and confidence in deposit margins.
Supporting Geophysical Survey and Operational Scaling
Complementing the drilling, Power Minerals has completed a high-resolution drone geophysical survey over the entire Manifestos de Mina area. This survey captured digital elevation data, aerial photography, and magnetic and radiometric information, which will refine the deposit’s geometry and aid in identifying satellite targets. A second drill rig is set to arrive shortly, accelerating the campaign which is planned to continue through December if necessary.
Strategic Positioning and Exploration Outlook
With $7 million in cash reserves and secured surface rights, Power Minerals is well positioned to advance exploration without access constraints. The company is also initiating a soil sampling program at its Santa Anna Project in Goiás State, targeting underexplored niobium deposits on the periphery of known carbonatite complexes. This reconnaissance work will guide future drilling strategies in the current quarter.
Bottom Line?
Power Minerals is methodically building the foundation for a JORC-compliant resource at Morro do Ferro, with assay results and expanded drilling set to clarify the project's potential in a critical minerals hotspot.
Questions in the middle?
- Will the upcoming assay results confirm the high-grade rare earth potential suggested by historical data?
- How will the additional drone geophysical data influence the identification of new mineralisation zones?
- What impact will the accelerated drilling schedule have on the timing of the Mineral Resource Estimate?