Power Minerals Limited (ASX:PNN) Completes Santa Anna Drilling Program
Drilling Program Completion
Power Minerals Limited has completed its inaugural reverse circulation drilling program of 29 drill holes totaling 2,272 metres at the Santa Anna niobium-REE-gallium Project in Goiás State, Brazil.
Project Details
The drilling aimed to confirm and extend previous mineralised sections, test new sections, and advance towards a Maiden JORC Resource. Samples have been expedited for laboratory analyses, with first results expected in July 2025.
Executive Comments
Managing Director Mena Habib stated, “We’ve completed our planned drilling at Santa Anna, with 29 holes for 2,272 meters, being a critical part of our due diligence process to acquire the project. Results from this program will provide up-to-date information to enable us to plan follow-up work, ahead of a decision on the acquisition. Subject to results of this drilling program, and a decision to proceed with the acquisition of the project, our goal is to complete an Exploration Target for the project, and all going well this will be closely followed by a maiden Mineral Resource Estimate. Carbonatite assets such as the Santa Anna project are highly sought after, and Power considers the option to acquire the project to be a rare opportunity to acquire such a large and prospective carbonatite field.”
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