I have no idea what this means but here it is.. Volume however has perked up today..
Verde's assays of over 1,500m of drilling find rare earths up to 12,487 ppm TREO and 3,357 ppm MREO
Verde AgriTech Ltd
Tue, October 29, 2024 at 4:15 AM PDT 11 min read
Results from 13 new holes show an 89m thick mineralized zone with grades up to 3,706 ppm TREO and 839 ppm MREO
SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (OTCQX: “VNPKF”) (“Verde” or the “Company”) is pleased to announce new significant results from its ongoing work to evaluate the presence of rare earths in historical diamond core drilling.
The Company has completed the reassaying of 3,640 meters across three distinct targets previously drilled for phosphate. On October 07, 20241, Verde disclosed results for 743 meters from the Nau de Guerra target, and today it announces results for an additional 1,5832 meters from the Balsamo target. In the coming weeks, the final results for the remaining 1,314 meters from the third target, Alto da Serra, will be reported. This rare earth initiative has been officially named the Man of War Project.
Key results from the latest drilling assays include:
- 12,487 ppm TREO and 3,357 ppm MREO (AP-BD-09 1m@ [20]).
- 3,667 ppm TREO and 827 ppm MREO (AP-ND-13 85m @ [18m]).
- 122 ppm DyTb (AP-ND-05 1m@ [27])3.
“We are excited by the continued positive results from the Balsamo target, which highlight the project's potential as a major source of high-grade magnetic and heavy rare earth elements,” said Cristiano Veloso, Verde’s Founder and CEO. “While our sole focus remains on low carbon fertilizers, it is hard not to get excited about the potential size and grade of this discovery. This could potentially be one of the world’s largest and most relevant rare earths discoveries outside of China."
The Company reanalyzed 13 drill holes in the mineralized zone of the Balsamo Target and results included4
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