The GMN ann of 15 February 2024 refers to an area of immediate GMN exploration activity near Amargosa (arrow 1)
referencing AUZ 'leucogranites and charnockites' ( “NIOBIUM/ REE OUTCROP”, 21 February 2024)
(adjacent and west of GMN 872425/2023 and GMN 872420/2023)At Rio Negro (arrow 2) with EQN now on-site and auger rigs on GMN's boundary, a second front of relevant exploration has been created. See map above.
An examination of recent drilling/assay performance by other explorers . . .
Prospect
Ann Date
Status
VMM
Poços De Caldas14/09/2023
On-site: 1 auger rig at Fazenda
20/10/2023
Drilling completed : 27 working days, 70 holes = 2.5 holes per work day (dry season, existing mine site)
20/11/2023
Assays completed : 22 working days, 37 auger holes assayed
So 37 auger holes had total 'on-site to assay' times of 49 working days or less
EQN
Rio Negro9/04/2024
On-site: 92 auger drill holes at Rio Negro,three auger drilling teams ( 31 holes per team/rig )
Wet season, green field site14/06/2024
Using 49 working days, implied ETA for assay ann
IMO there is a tsunami of IAC REE exploration activity in Bahia East that is approaching.
PS1: AUZ announced 24 January 2024 "OUTCROPPING CHARNOCKITES" near Itagi (arrow 3)
adjacent to GMN 872235/2023 ( 24s 398500 8428000, AUZ 8720396/2023 is now EQN 872297/2023)
PS2: BRE are noticeably not mentioned. Their reports to date refer to hardrock REE in tenements that are not adjacent to GMN.
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