Equinox Resources drill rigs spinning across its high-grade rare earth projects in Brazil

EQN kicks off 4,000m RC drilling program at Campo Grande REE project in Brazil
Drilling targeting monazite sand and host hard rock beneath high-grade intercepts
Company confident of low-cost exploration with own auger drills on site

Special Report: Equinox Resources has begun RC drilling at its Campo Grande project in Brazil targeting ultra high-grade rare earths.

Notably, Campo Grande is located adjacent to the ultra-high-grade rare earth discoveries made by Brazilian Rare Earths (ASX:BRE) at Monte Alto, Pele, and Sulista.

A recent review at Campo Grande project identified 277 priority holes to be drilled across Northern, Central, and Southern zones based on geochemical and geophysical data within the region.

This drilling at the Rio Negro prospect comes off the back of the successful completion of the Phase I scout auger drilling program, which revealed high-grade rare earth elements (REE) in clay at depths of 11.5 metres, with notable results including 5,155 ppm TREO and a 0.5-metre intercept of 6,085 ppm TREO with 1,274 ppm NdPr and 64 ppm DyTb.

The 4,000 metres of RC drilling will target monazite sand and host hard rock beneath the high-grade clay intercept areas within regions showing significant thorium anomalies.

Exploration ongoing across all projects

At Rio Negro, the company plans to drill 50 drill holes planned at the Northern Zone, 112 at the Central Zone and 115 at the Southern Zone.

And in the meantime, RC drilling is continuing at Mata da Corda, with initial samples awaiting assay results, along with auger drilling which is expected will deliver data into the 2500m diamond drilling program planned for testing deeper high-grade targets.

“We remain very focused on rigorously exploring our highly prospective Brazilian rare earths projects in Campo Grande and Mata da Corda,” Equinox Resources (ASX:EQN) managing director Zac Komur said.

“We are currently drilling at both Campo Grande and Mata da Corda, where we have already seen excellent initial rare earth results and are encouraged by the continued success at both projects.”

Low-cost drilling a bonus

The company has its own auger drill rigs and has been reconnaissance drilling at lower cost, the hard rock contact zone at Campo Grande and is continually generating new hard rock rare earth targets as part of its ongoing drilling programs.

“Using Brazilian Rare Earths’ publicly available drilling data and geophysical assets, we have identified 277 priority targets across Equinox Resources tenements,” Komur said.

“Furthermore, exploration work in Brazil is far less costly than in other jurisdictions, allowing us to achieve excellent value for our dollars spent in the ground.

“We look forward to updating the market on the progress of these programs and assay results over the coming months.”

This article was developed in collaboration with Equinox Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.