Resouro Commences Field Work at the Tiros Titanium and Rare Earths Project in Brazil to Collect Data for Initial Resource Estimation
Resouro Commences Field Work at the Tiros
Titanium and Rare Earths Project in Brazil to
Collect Data for Initial Resource Estimation
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2023) -
Resouro Gold Inc.
(TSXV: RAU)
("Resouro" or the "Company") is pleased to announce that the Company has initiated a work program at
the Tiros Titanium-REE Project where Resouro recently acquired a 33% stake with a farm-in agreement
for a 90% interest announced on February 15, 2023 (
see Press Release
). The Tiros Project represents
10 mineral concessions totalling 152 km
2
located in Minas Gerais, one of the most infrastructurally
developed states of Brazil, 350 km from Belo Horizonte, the state capital. The Tiros licenses cover the
most prospective portion of the prolific Capacete Formation and the areas with the greatest exploration
potential.
Resouro's team has commenced an initial work program consisting of the following:
Building and verifying the database of historic data
Preparation of two 100 kg composite samples from historic drilling
Planning of an Auger drilling progam utilising the Auger drills owned by the Company
Planning of an aircore drilling program to have sufficient data to produce NI 43-101 compliant
resource
Developing metallurgical testwork flowsheets
Selection of a metallurgical laboratory in Brazil for initial Titanium and Rare Earth concentation
Appointment of a UK-based specialist metallurgical laboratory for specialist TiO
2
and REE
testwork
The initial work program, once completed and all results received and interpreted, will be followed by:
Planning of Environmental Impact Assessment
Planning of Environmental and Social Governance programs
Initial conceptual strip mining planning studies and mine rehabilitation studies
Further assessment of the infrastructure and initial capital and operating cost assessment
Segmenting and analysing the REE and TiO
2
offtake market
Resouro's President and CEO, Christopher Eager, said
: "We are very excited to commence work
on the Tiros Project. The Project has a significant amount of historic data, and the total grades compare
favourably with the grades at the two other REE projects at the same stage of development in Brazil. The
ore bodies are continuous layers of soft material at or close to surface, which means that sampling can
be done cheaply and quickly to produce a 43-101 resource estimate by drilling short holes at wide
spacing. Tiros holds vast potential waiting to be unlocked, and our team is ready to move forward right
away."
Tiros Project Highlights:
10 Mineral Concessions totalling 152 km
2
and covering 70 km
of the NE trending Tiros
sedimentary sequence.
Extensive horizontally bedded near surface and outcropping Capacete Formation formed from the
erosion and deposition of the volcaniclastic rocks of the Alkaline province of Alto Paranaiba. The
Tiros licenses cover the
most prospective portions
of the Formation and the areas with the
greatest exploration potential.
Historical data for Tiros includes:
1,033 m of drilling from 21 holes within the concessions
GPR Profiles - subsurface imagery
Aerial geophysical Magnetic and Gamma survey
Remote sensing studies
Preliminary metallurgical studies on the Titanium beneficiation
Mineralogy studies and weathering profile characterization
Verification and re-assaying of the available core/drilling material
Results from the laboratory SGS-Geosol, using samples from 21 Core and RAC drillholes and
totalling 288 samples, were used to define the mineralized bed, using a TiO
2
cut-off grade of 6%.
Within this bed,
TiO
2
grades average 13.4%
and
Rare Earth Oxide average 0.4% TREO.
These are averages weighted by sample size and do not represent a resource evaluation.
High-grade intervals, with more than
20% TiO
2
and
1% TREO
, up to 4.8 m thick, were identified in
five holes.
Approximately 24% of the content of Rare Earth Elements is made by Neodymium, Praseodymium
and Dysprosium, elements used in magnet manufacture.
Table 1 - Historic Drill Results
Hole
From
To
Thickness (m)
TiO
2
%
TREO ppm
AC-TIR-002
36
42
6
10.23
2,000
AC-TIR-003
44
48
4
13.01
3,100
AC-TIR-004
37
51
14
11.83
4,200
Contains
46
49
3
22.27
8,600
AC-TIR-005
36
52
16
11.95
2,600
AC-TIR-008
45
58
13
17.61
3,500
AC-TIR-009
14
28
14
17.74
5,200
Contains
20
24
4
24.71
10,200
AC-TIR-010
26
39
13
16.73
4,700
Contains
34
36
2
24.08
9,700
AC-TIR-011
11
55
42
16.47
4,100
AC-TIR-012
51
60
9
17.12
5,500
AC-TIR-013
26
36
10
8.54
2,800
AC-TIR-014
31
35
4
10.06
2,600
AC-TIR-016
31
51
20
11.40
3,600
AC-TIR-018
22
42
20
11.60
4,200
AC-TIR-020
13
54
41
11.84
4,300
Contains
21
25
4
22.43
10,500
PMC-FD-0074
20.3
72.2
51.9
12.10
3,900
Contains
27.3
32.1
4.8
26.30
10,400
This table is NI 43-101 compliant. A QA-QC program was used concomitant with the sampling and assaying. A sample integrity protocol was
observed, with the participation of the QP.
QP
The technical content of this news release has been reviewed and approved by Rodrigo Mello, who is a
Fellow of AusIMM with relevant experience in titanium and rare earth exploration, and
a qualified person,
as defined by National Instrument 43-101.
About Resouro Gold Inc.
Resouro
is a Canadian-based mineral exploration and development company focused on the discovery
and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato
Grosso and the Tiros Titanium-REE Project in Minas Gerais. Learn more about the Company on its
website:
https://resouro.com
.
For further information, please contact the Company at:
Chris Eager, CEO
Iryna Zheliasko, Investor Relations
647-249-9298
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