Core fishing for Tunas’ rare earths

Core Energy Minerals (ASX:CR3) announces a significant rare earth find at its Tunas Project in Brazil, with soil samples revealing a peak of 2,921 ppm TREO. Learn more about the company's next steps and the project's potential. What are the next steps for the Tunas Project?

Core Energy Minerals (ASX:CR3) is making waves in the critical minerals sector, announcing promising results from its Tunas Project in Rio Grande do Sul, Brazil. A recent reconnaissance sampling program has identified a peak of 2,921 parts per million (ppm) of total rare earth oxide (TREO) in residual soils, a strong indicator of the project's potential.

This initial success is paving the way for a more comprehensive exploration effort. The company is already planning a systematic auger soil sampling program to pinpoint the most promising areas for an upcoming drilling campaign.

"Great first result"

According to Executive Director Tony Greenaway, these initial findings are extremely encouraging. "We are seeing significant TREO results from our first pass reconnaissance sampling campaign," Greenaway said. He highlighted the impressive numbers, noting that "TREO results over 2,000ppm and a peak of 2,915ppm at surface in a deeply weathered soil profile... is a great first result."

Greenaway explained that the company was able to collect a representative channel sample from a roadside cutting, which provided a clear view of the soil profile. While these results are currently limited to that specific location, he pointed out that mapping and radiometric data show an extensive and favorable geological foundation across a large portion of the tenement.

The company's field operations at the Tunas Project began in June. Airborne radiometric data previously revealed strong traces of thorium, uranium, and potassium over a 5.4km² area, which makes up 68% of the southern tenement. Core Energy believes this area is highly prospective for rare earth element deposits.

Core Energy Minerals is a critical minerals and uranium explorer with a portfolio of assets in both Australia and Brazil. This latest development at the Tunas Project could position the company as a key player in the global rare earth market.