Summit Minerals Limited (ASX: SUM) has announced an update on exploration activities related to its recently acquired Equador Nb-Ta-REE Project in northeast Brazil’s Borborema Pegmatitic Province (BPP), Paraiba State. The province is one of the world’s most important sources of tantalum, rare earth elements (REEs), and beryllium.
The ongoing exploration sampling programme has discovered multiple new pegmatite and historic mining workings that now span across the Equador tenement holding. These new sites were visually identified as containing the same specific minerals that host the Niobium (Nb2O5), Tantalum (Ta2O5), and REE’s as reported in the previous assay results.
Managing director, Gower He, commented, “The highly encouraging assays from Equador thus far has further solidified the prospectivity of the project and has given us tremendous confidence to accelerate our exploration program. We eagerly anticipate the results of further rock chip assays and look forward to keeping the market updated with the results as they are received.”
Highlights from the results include:
- 40.84% Nb2O5, 15.74% Ta2O5, and 4,660 ppm PREO (SUMSS001)
- 34.45% Nb2O5, 26.73% Ta2O5, and 5,330 ppm PREO (SUMSS004)
- 22.01% Nb2O5, 34.16% Ta2O5, and 3,020 ppm PREO (SUMSS003)
- 25.67% Nb2O5, 25.92% Ta2O5, and 9,070 ppm PREO (SUMSS002)
The current exploration and sampling programme will continue on the remaining unexplored areas of the Equador project. Assays are pending for numerous sampling sites, and they will be reported as they come through over the coming weeks and months.
To find out more, please visit www.summitminerals.com.au
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