Perpetual Resources (ASX:PEC) is set to start an expanded exploration program at its Itinga project in Brazil, focusing on delineating high-grade tin mineralization, according to a Monday Australian bourse filing.
Reconnaissance sampling in February returned tin grades of over 20%, confirming significant mineralization potential, the filing said.
Plans at Itinga will include an additional review of known artisanal workings, soil and rock sampling, geological mapping, and trenching over key areas of known mineralized pegmatites to identify targets for a drilling program.
The firm's shares rose over 7% on market close on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.