{"id":8822,"date":"2024-04-26T05:18:59","date_gmt":"2024-04-26T05:18:59","guid":{"rendered":"https:\/\/economicherald.net\/?p=8822"},"modified":"2024-04-26T05:18:59","modified_gmt":"2024-04-26T05:18:59","slug":"summit-minerals-identifies-more-saprolite-clays-in-brazilian-rare-earths-hunt","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8822","title":{"rendered":"Summit Minerals identifies MORE saprolite clays in Brazilian rare earths hunt"},"content":{"rendered":"<p>Saprolite clay system at Summit\u2019s T1-T2 project has potential to host rare earths mineralisation<br \/>\nAggressive Phase 1 augur drill program to be carried out<br \/>\nT1-T2 is located in Brazil\u2019s mineral-rich Minas Gerais mining district<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Reconnaissance work by Summit Minerals in Brazil\u2019s prolific Minas Gerais mining district identifies another large-scale surface saprolite clay system, this time at its T1-T2 rare earths project. <\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/summit-minerals-sum\/\"><strong>Summit Minerals (ASX:SUM)<\/strong><\/a> gained a foothold in Brazil\u2019s hot critical minerals district after recently snapping up a 292.2km2 tenement package prospective for lithium, niobium and rare earths (REE).<\/p>\n<p>The new discovery at T1-T2 comes on the back of discovering a substantial saprolite clay system identified at Aratapira and <a href=\"https:\/\/stockhead.com.au\/resources\/35-54-niobium-asx-explorer-aims-to-scale-the-summit-of-brazils-critical-minerals-sector\/\"><strong>exceptional niobium hits of up to 35.54% niobium<\/strong><\/a> at its Equador and Juazerinho projects.<\/p>\n<p>Saprolite systems are more than often associated with ionic adsorption clay-hosted (IAC) deposits.<\/p>\n<p>IACs are especially rich the high-value magnetic elements such as neodymium, praseodymium, dysprosium and terbium, which are used in semiconductors, rockets and other technologies.<\/p>\n<p>\u00a0<\/p>\n\n<p><em>Summit\u2019s new Brazilian critical minerals project locations. Pic supplied: (SUM)<\/em><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Saprolites show the way<\/strong><\/h2>\n<p>The T1-T2 project is in southern Minas Gerais, near major roads, infrastructure, water access, hydroelectric power, and historic artisanal mining activity.<\/p>\n<p>The identified saprolite clay system is characterised by substantial thickness and well-developed horizons \u2013 indicative of ionic adsorption clay-hosted ionic (IAC) deposits, suggesting the potential for a large-scale REE deposit.<\/p>\n<p>SUM plans to conduct a Phase 1 exploration program led by its local exploration team to further delineate the extent and characteristics of the saprolite clay system.<\/p>\n<p>This, says the explorer, will pave the way for a cost-effective maiden auger drill program in the near future.<\/p>\n<p>\u00a0<\/p>\n\n<p><em>The deeply-weathered sparolite clay system at the T1-T2 project. Pic supplied: (SUM)<\/em><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Next steps<\/strong><\/h2>\n<p>The observations made at T1-T2 are encouraging, says SUM.<\/p>\n<p>\u201cThe thick weathering profiles developed throughout the projects could potentially host ionic absorption clay (IAC) mineralisation,\u201d it says.<\/p>\n<p>\u201cWe\u2019re going to mobilise its in-country team for further mapping and sampling, and eventually, a cost-effective maiden auger test will be conducted to test T1-T2\u2019s potential.\u201d<\/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>\u00a0<\/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-identifies-more-saprolite-clays-in-brazilian-rare-earths-hunt\/\">Summit Minerals identifies MORE saprolite clays in Brazilian rare earths hunt<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Saprolite clay system at Summit\u2019s T1-T2 project has potential to host rare earths mineralisation Aggressive Phase 1 augur drill program to be carried out T1-T2 <a href=\"https:\/\/economicherald.net\/?p=8822\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8823,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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