Power Minerals Hits 7.85% Rare Earth Grade at Record 186m Depth at Morro do Ferro [VIDEO]
Power Minerals' (ASX: PNN) MFSR-054 drillhole has returned 186m of continuous rare earth mineralisation at Morro do Ferro, including a newly identified deep high-grade zone hitting 7.85% TREO at 184m depth — with 67.55m of unassayed core still to come in this Power Minerals Morro do Ferro REE Discovery.
Key Takeaways
- MFSR-054 has extended confirmed rare earth mineralisation to a record 186m downhole depth at Morro do Ferro, with the deepest assayed sample returning 7.85% TREO and 2.11% MREO — the strongest grade yet recorded at depth on the project.
- Three structurally distinct REO zones were identified in a single hole: a near-surface zone averaging 6.33% TREO over 88m, a 93m moderate-grade transition interval, and a newly identified deep high-grade zone beginning at 181m.
- A further 67.55m of core from MFSR-054 remains unassayed, and the mineralisation boundary to the northeast is still open — both representing near-term catalysts for additional grade and strike confirmation.
- All four drillholes completed to date have returned high-grade results from surface, with MFSR-054 now the deepest and the first to test the northeastern flank of the deposit.
- Power Minerals is advancing four concurrent workstreams — including 2 active rigs across a 25-hole programme, metallurgical test work sampling, and a gallium analytical review — as it builds toward a maiden Mineral Resource estimate.
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