Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) has reported assay results from auger drill hole TUV-AUG-0036 at the Southern Zone of its Turvolândia Ionic Clay Rare Earth Project in Minas Gerais, Brazil, revealing significant high-grade rare earth element (REE) mineralization. The results not only confirm the presence of valuable rare earths but also expand the project to four distinct targets, underscoring the potential for a major discovery in this emerging region.
The hole returned 1,748.9 ppm total rare earth oxides (TREO), 702.2 ppm magnetic rare earth oxides plus yttrium oxide (MREO + Y₂O₃), and 531.0 ppm neodymium oxide plus praseodymium oxide (Nd₂O₃ + Pr₆O₁₁) over the final six metres from 16 to 22 metres depth. Within this interval, a higher-grade two-metre section from 19 to 21 metres averaged 2,793.8 ppm TREO and 1,293.3 ppm MREO + Y₂O₃. The hole ended in mineralized material with grades increasing toward the bottom, indicating the system remains open at depth and suggesting significant potential for further expansion.
According to the company, the South Target is located approximately 7.4 kilometres from the Cordis target, and the new results add to previously identified targets. All 22 samples from TUV-AUG-0036 returned Chemical Index of Alteration (CIA) values above 93.8%, consistent with the advanced weathering profiles typically associated with ionic adsorption clay-hosted rare earth deposits. This type of deposit is particularly attractive because it allows for low-cost mining and processing methods.
Canamera is awaiting assay results from four additional holes at the South Target and is evaluating deeper follow-up drilling to test mineralization below the current 22-metre depth. The company's focus on the Turvolândia project is part of a broader strategy to build a portfolio of district-scale rare earth opportunities across the Americas, including projects in Canada and the United States. The full press release is available at https://ibn.fm/Uxsrt.
The implications of these results are significant for the rare earth market, as demand for neodymium and praseodymium—key components in permanent magnets for electric vehicles and wind turbines—continues to grow. The high-grade intercepts at Turvolândia, combined with the favourable clay-hosted geology, position Canamera as a potential supplier of these critical materials. The company's newsroom provides further updates at https://ibn.fm/EMETF.
