Verde's assays of over 1,500m of drilling find rare earths up to 12,487 ppm TREO and 3,357 ppm MREO | The Manila Times

Results from 13 new holes show an 89m thick mineralized zone with grades up to 3,706 ppm TREO and 839 ppm MREO

SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: "NPK”) (OTCQX: "VNPKF”) ("Verde” or the "Company”) is pleased to announce new significant results from its ongoing work to evaluate the presence of rare earths in historical diamond core drilling.

The Company has completed the reassaying of 3,640 meters across three distinct targets previously drilled for phosphate. On October 07, 2024¹, Verde disclosed results for 743 meters from the Nau de Guerra target, and today it announces results for an additional 1,583² meters from the Balsamo target. In the coming weeks, the final results for the remaining 1,314 meters from the third target, Alto da Serra, will be reported. This rare earth initiative has been officially named the Man of War Project.

Key results from the latest drilling assays include:

12,487 ppm TREO and 3,357 ppm MREO (AP-BD-09 1m@ [20]).
3,667 ppm TREO and 827 ppm MREO (AP-ND-13 85m @ [18m]).
122 ppm DyTb (AP-ND-05 1m@ [27])³.

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"We are excited by the continued positive results from the Balsamo target, which highlight the project's potential as a major source of high-grade magnetic and heavy rare earth elements,” said Cristiano Veloso, Verde's Founder and CEO. "While our sole focus remains on low carbon fertilizers, it is hard not to get excited about the potential size and grade of this discovery. This could potentially be one of the world's largest and most relevant rare earths discoveries outside of China."

The Company reanalyzed 13 drill holes in the mineralized zone of the Balsamo Target and results included⁴:

Hole	From (m)	To (m)	Thickness (m)	TREO^{5 Advertisement (ppm)}	MREO^6(ppm)	Pr₆O_{11 (ppm)}	Nd₂O_3(ppm)	Tb₄O_{7 Advertisement (ppm)}	Dy2O3 (ppm)
AP-BD-10	37	126	89	3.139	724	160	540	5	20
	58	92	34	4.557	1.077	235	804	7	31
	63	68	5	8.206	2.006	426	1.508	14	58
AP-BD-09	0	83	83	3.492	802	178	597	5	22
	11	60	49	4.552	1.079	239	804	7	30
	18	23	5	9.912	2.586	553	1.954	15	64
AP-BD-01 Advertisement	40	130	90	3.164	716	156	535	5	20
	53	86	33	4.486	1.032	229	766	7	31
	62	67	5	8.947	2.129	478	1.588	12	51
AP-BD-07	41	133	92	3.293	766	165	575	5	22
	60	113	53	4.448	1.058	227	795	7	30
	67	72	5	8.227	2.194	451	1.665	15	63
AP-BD-06	44	134	90	3.397	800	174	598	5	23
	59	119	60	4.413	1.058	230	791	7	30
	68	73	5	7.645	2.025	414	1.538	14	59
AP-BD-13	18	103	85	3.667	827	180	617	5	24
	35	98	63	4.352	1.018	222	761	6	29
	46	51	5	7.328	1.887	406	1.422	11	48
AP-BD-05 Advertisement	6	95	89	3.102	719	154	539	5	21
	21	71	50	4.161	983	210	737	7	29
	26	31	5	7.809	2.012	416	1.515	15	67
AP-BD-08	0	76	76	3.554	777	172	578	5	21
	4	59	55	4.090	904	201	673	5	24
	11	16	5	8.580	2.037	448	1.520	13	57
AP-BD-03	44	133	89	3.120	723	157	542	5	20
	58	109	51	4.025	953	208	714	6	26
	65	70	5	8.269	2.082	451	1.567	12	52
AP-BD-04	41	136	95	3.074	691	152	515	4	20
	59	118	59	3.939	922	203	688	6	25
	65	70	5	9.302	2.370	506	1.779	16	Advertisement TRY THE MANILA TIMES PREMIUM FREE FOR 14 DAYS SUBSCRIBE NOW ALREADY A SUBSCRIBER? LOGIN HERE DOWNLOAD THE DIGITAL EDITION APP News Nation Regions World Sports Entertainment Lifestyle The Sunday Times Opinion Editorial Editorial Cartoon OP-ED Columns From our Readers Legal Advice Business Top Business Corporate News Foreign Business Sunday Business & IT Company Announcements Special Sections Special Features TMT Newswire Videos Podcasts Market Overview Weather Exam Results The Manila Times Home Delivery Subscription Subscribe to our Digital Edition The Manila Times College The Manila Times TV The Manila Times Forum The Manila Times Coffee Break The Manila Times Classifieds Twitter Youtube Facebook Instagram DailyMotion Spotify Subscribe Now Copyright © The Manila Times – All Rights Reserved. Advertise Contact Us About Us Privacy Policy Home My Library Podcasts Videos Games This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.