- Atlas Critical Minerals (OTCQB: JUPGF) reports strong initial results from Alto do Paranaíba Project in Minas Gerais, Brazil, highlighting significant potential for rare earth and titanium mineralization.
- Surface sampling revealed exceptional grades of up to 28,870 ppm TREO and 23.2% TiO2, with Block 3 showing the highest results.
- Initial auger drilling confirmed shallow, high-grade mineralization, enhancing the project's exploration prospects.
Atlas Critical Minerals (JUPGF, Financial) has announced promising initial findings from its Alto do Paranaíba Project located in the western Minas Gerais state, Brazil. The project covers over 25,000 hectares within the Mata da Corda Group, known for late Cretaceous Alkaline Province formations, and has showcased significant near-surface rare earth and titanium mineralization potential.
Surface sampling across the three exploration blocks demonstrated exceptional mineral grades, with Block 3 presenting the highest results, featuring up to 28,870 ppm Total Rare Earth Oxides (TREO) and 23.2% titanium dioxide (TiO2). Initial auger drilling, consisting of 11 drill holes totaling 144 meters, supported these findings with high-grade, near-surface mineralization identified in intercepts such as 12m @ 5,961 ppm TREO and 6m @ 7,729 ppm TREO.
The project's geological context, enriched by intense laterization processes typical of Brazil's climate, favors the concentration of rare earth elements and titanium in the extensively oxidized zones. The Alto do Paranaíba Project's strategic location, coupled with these impressive initial results, underscores its potential as a significant player in the critical minerals sector.
