OZM ozaurum resources limited

Ann: Brazil Exploration Update - New Niobium Anomaly, page-5

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    Brazil Exploration Update – New Niobium Anomaly
    OzAurum Resources Ltd (ASX: OZM or OzAurum or the Company) is pleased to provide shareholders with an
    update on Brazil Exploration and the newly identified Niobium anomaly.
    Highlights
    • 100% OZM owned Brazil Salitre niobium soil sampling results with anomalous niobium mineralisation in soil
    extending for 1km in strike length.
    • Peak Niobium soil value of 190 ppm and TREO* of 614 ppm adjacent to 9 ultraviolet (UV) anomalies forming a
    cluster with coincident gamma radiation readings of up to 435 counts per second (CPS), which is up to 10 times
    above background readings from the area.
    • Soil sampling was designed to investigate circular features and targets generated from recently completed
    hyperspectral interpretation over the Salitre project area.
    • Ultraviolet interpretation and targeting was undertaken by Dr Neil Pendock of Dirt Exploration, Cape Town. UV
    detects the presence of fluorite, which is commonly associated with carbonatite complexes and is specifically a
    signature of carbonatites in this area of Brazil.
    • OZM is targeting carbonatite intrusion hosted Niobium and REE mineralisation at Saltire and Catalao.
    • The Saltire and Catalao projects are situated within the Alto Paranaba Magmatic Province (APMP), a prolific host
    of carbonatite intrusions that accounts for 97% of worldwide niobium production - all hosted in carbonatite
    intrusions.
    • Follow-up soil sampling program planned to commence in coming weeks and company owned diamond drilling
    rig and crew on standby, subject to environmental permitting and access.
    • Boca Rica diamond drill hole BRDH 001 returns no significant lithium results.

    CEO and Managing Director, Andrew Pumphrey, commented:
    “We are excited to discover niobium mineralisation in soil sampling with a cluster of co-incidental UV anomalies we
    will be following this up with more detailed soil sampling in the coming weeks. The OZM Saltire and Catalao projects
    are situated within the Alto Paranaba Magmatic Province (APMP) that accounts for 97% of worldwide niobium
    production, all hosted in carbonatite intrusions. We are very excited with the exploration opportunity that this project
    presents to OZM shareholders.”


 
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