Verity Resources Limited (ASX: VRL) has commenced a maiden auger drilling program at its 70%-owned Pimenta REE-Ga-Ti Project in Minas Gerais, Brazil. The campaign marks a significant milestone in unlocking the potential of this critical minerals project, following earlier surface sampling that confirmed high-grade rare earth element (REE), gallium (Ga), and titanium (Ti) mineralization across a 20km radiometric strike.
Surface assays have returned up to 25,817ppm TREO (2.58% TREO), with an average of 25% magnetic rare earth oxide (MREO) content from 147 samples. Notable anomalies include 89g/t Ga₂O₃, 9.26% TiO₂, and 8,619ppm ZrO₂. The auger drill program targets two priority zones and aims to define mineralization's lateral and vertical continuity in the saprolite zone. With geological parallels to American Rare Earths' Halleck Creek project, Pimenta could be a globally significant discovery and add strategic depth to Verity's growing critical minerals portfolio.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.