{"id":10704,"date":"2024-06-11T00:48:58","date_gmt":"2024-06-11T00:48:58","guid":{"rendered":"https:\/\/economicherald.net\/?p=10704"},"modified":"2024-06-11T00:48:58","modified_gmt":"2024-06-11T00:48:58","slug":"summit-minerals-speeds-up-exploration-at-equador-after-picking-up-rock-chip-samples-with-40-84-niobium-and-34-16-tantalum","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10704","title":{"rendered":"Summit Minerals speeds up exploration at Equador after picking up rock chip samples with 40.84% niobium and 34.16% tantalum"},"content":{"rendered":"<p>Special report: First assay results from the Equador project in Brazil have confirmed high-grade niobium and tantalum over a 1.2km strike length. <\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/summit-minerals-sum\/\">Summit Minerals (ASX:SUM)<\/a> might still be in the early stages of its niobium exploration program at the Equador project in Brazil, but it has wasted little time getting off the mark with activities in the field.<\/p>\n<p>Equador represents just one project within a wider niobium -rare earth tenement package covering 107.47km2 in Brazil\u2019s Borborema Pegmatitic Province (BPP), Paraiba state, a region regarded as one of the world\u2019s most important sources of tantalum, REEs and beryllium.<\/p>\n<p>Due diligence on historical results have turned up stand out samples containing 303,400ppm Nb205 (30.34%) and 15,130ppm partial rare earth oxide (1.513%) while multiple pegmatite bodies and many historical workings have been identified <a href=\"https:\/\/stockhead.com.au\/resources\/30-niobium-targets-already-summit-makes-a-solid-start-to-exploration-at-equador-project\/\">during multispectral analysis work.<\/a><\/p>\n<p>\u00a0<\/p>\n<h2><strong>Stand out rock chip sample results <\/strong><\/h2>\n<p>Equador is continuing to show its potential with first assay results returning partial rare earth oxides (PREO), niobium and tantalum from surface pegmatite rock chip sampling, including:<\/p>\n<p>40.84% Nb2O5, 15.74% Ta2O5 and 4,660ppm PREO;<br \/>\n34.45% Nb2O5, 26.73% Ta2O5 and 5,330ppm PREO; and<br \/>\n22.01% Nb2O5, 34.16% Ta2O5 and 3,020ppm PREO.<\/p>\n<p>The rock chip samples were collected directly from outcropping pegmatite intrusions with the darker nodules separated out by hand and sent for assay.<\/p>\n<p>Assays have now been sent to another lab so that a full suite analysis on the sample can be contacted, which will enable the company to ascertain and thereafter announce the TREO percentage.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>\u2018Tremendous confidence\u2019 <\/strong><\/h2>\n<p>\u201cThese highly encouraging assays have given us tremendous confidence to accelerate our exploration program,\u201d SUM managing director Gower He says.<\/p>\n<p>\u201cOur Equador project is located on an existing road within close proximity to established highways (20 km away), it also has direct access to water and renewable electricity supplied by a windfarm nearby.<\/p>\n<p>\u201cDuring my recent trip to the project, I had the opportunity to meet and engage with the local landowners,\u201d he says.<\/p>\n<p>\u201cIt was pleasing to learn that they are extremely supportive of mining in general and of Summit in particular.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>What else is on the cards? <\/strong><\/h2>\n<p>Field exploration program is ongoing with widespread mapping of new pegmatite occurrences, rock chip samples continuously being collected, and previously unmapped artisanal mines being located and cleaned out for further exploration.<\/p>\n<p>SUM chief geologist Stuart Peterson is on his way to site to help guide the exploration program across the project.<\/p>\n<p>A drone magnetic survey has kicked off to help establish a high-resolution picture of the geological structure and better map out the potential pegmatite pathways under shallow alluvial cover.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Summit Minerals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/summit-minerals-speeds-up-exploration-at-equador-after-picking-up-rock-chip-samples-with-40-84-niobium-and-34-16-tantalum\/\">Summit Minerals speeds up exploration at Equador after picking up rock chip samples with 40.84% niobium and 34.16% tantalum<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Special report: First assay results from the Equador project in Brazil have confirmed high-grade niobium and tantalum over a 1.2km strike length. Summit Minerals (ASX:SUM) <a href=\"https:\/\/economicherald.net\/?p=10704\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10705,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Summit Minerals speeds up exploration at Equador after picking up rock chip samples with 40.84% niobium and 34.16% tantalum - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=10704\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Summit Minerals speeds up exploration at Equador after picking up rock chip samples with 40.84% niobium and 34.16% tantalum - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Special report: First assay results from the Equador project in Brazil have confirmed high-grade niobium and tantalum over a 1.2km strike length. 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