Verity Resources (ASX: VRL) has extended its Brazilian joint venture expenditure commitment by 12 months after reconnaissance work at the Pimenta project returned high-grade rare earth results. Surface sampling across a 20km airborne radiometric anomaly returned up to 25,817ppm total rare earth oxides with high-value magnet rare earths making up 25% of the content, alongside gallium to 89g/t and titanium oxide to 9.26%. Zircon values as high as 8,619ppm add to the project's polymetallic potential, and the company says the mineralisation style resembles American Rare Earths' Halleck Creek allanite deposit — a 2.63 billion tonne resource at 3,292ppm TREO. Read the full article for Verity's planned next steps at Pimenta and across its wider portfolio of nine Brazilian JV projects.

Verity Resources extends Pimenta commitment after high-grade rare earth hits in BrazilVerity Resources (ASX: VRL) has agreed to extend its expenditure commitment by 12 months after obtaining promising results from the Pimenta project in Brazil. A reconnaissance program at Pimenta designed to investigate radiometric signatures has identified significant rare earth element (REE), gallium and titanium anomalies. Notably, the on-ground program has confirmed the high-grade REE signature […]https://smallcaps.com.au/article/verity-resources-pimenta-high-grade-rare-earth-hits-brazil