Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) reported assay results from auger drill hole TUV-AUG-0036 at the Southern Zone of its Turvolândia Ionic Clay Rare Earth Project in Minas Gerais, Brazil. The drill hole returned 1,748.9 ppm TREO, 702.2 ppm MREO + Y₂O₃ and 531.0 ppm Nd₂O₃ + Pr₆O₁₁ over the final 6 metres from 16 to 22 metres depth. This includes a higher-grade 2-metre interval averaging 2,793.8 ppm TREO and 1,293.3 ppm MREO + Y₂O₃ from 19 to 21 metres. The hole ended in mineralized material with grades increasing toward the bottom, indicating the system remains open at depth.
The company said these results expand the Turvolândia project to four distinct rare earth targets, with the South Target located approximately 7.4 kilometers from the Cordis target. All 22 samples from TUV-AUG-0036 returned Chemical Index of Alteration values above 93.8%, consistent with the advanced weathering profiles typically associated with ionic adsorption clay-hosted rare earth deposits. Four additional holes from the South Target remain pending assay results, while the company is evaluating deeper follow-up drilling to test mineralization below the current 22-metre depth.
The Turvolândia project is part of Canamera’s portfolio of rare earth and critical metals exploration assets across the Americas. The company targets underexplored regions with strong geological signatures and supportive jurisdictions, applying geochemical, geophysical, and geological datasets to generate and advance high-conviction, first-mover exploration targets. The latest results underscore the potential for a significant ionic clay-hosted rare earth discovery in Brazil, a jurisdiction increasingly important for critical minerals supply chain diversification.
For investors, these results highlight the growing scale and grade of the Turvolândia project, which could become a meaningful source of rare earth elements needed for electric vehicles, wind turbines, and defense applications. The high neodymium and praseodymium values are particularly notable, as these are key inputs for permanent magnets. The open-ended nature of the mineralization suggests further drilling could expand the resource, making continued exploration a catalyst for the company.
Canamera’s broader asset base includes the Mantle project in British Columbia, the Garrow rare earth elements project in Northern Ontario, the Schryburt Lake rare earth and niobium project in Ontario, the Iron Hills critical and rare earth project in Colorado, USA, and the São Sepé rare earth element project in Brazil. The company’s focus on district-scale opportunities across the Americas positions it to benefit from growing demand for critical minerals.
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