Brazilian Rare Earths Says Brazil Project Exploration Results Extend Target Exploration Strike to Over 17 Kilometers, Shares Jump 8%
MT Newswires Live
Mar 11
Brazilian Rare Earths (ASX:BRE) said exploration results at the Sulista project in Brazil extended the target exploration strike to more than 17 kilometers, according to a Wednesday Australian bourse filing.
It encountered intercepts of 10.4 meters at 5.5% grade of total rare earth oxide from 18.7 meters, as well as 14 meters at 4.2% grade of total rare earth oxide from 37 meters from the Sulista East target. Sulista South emerged as a southern extension to the Sulista East trend.
The firm's shares jumped 8% in recent trading on Wednesday.
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