Previous rock chip assay results of up to 12.5% P2O5 are now supported by excellent first pass results from shallow auger holes.
Programs of soil and rock chip sampling confirm mineralised carbonatite host rocks outcropping at surface over a large area in excess of 400 metres x 1,350 metres.
Ground magnetic survey now completed with interpretation to assist follow up reverse circulation drill testing and resource definition.
Joca Tavares is located 41 kilometres east-south-east from Aguia’s Três Estradas project.
The projects show similarities to the carbonatite style hosted phosphate deposits mined by Vale within Brazil, including the Cajati (Reserve: 85.1 Mt @ 5.45% P2O5) operations.
The Company holds an extensive land position in the region and believes Rio Grande do Sul has the potential to host a major new phosphate province in close proximity to infrastructure, primary agriculture customers and fertiliser blenders.