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Be the first with the news that moves the market- Xplore Resources Corp. (XPLR) has acquired additional seven claims in the Borborema Pegmatite Province (BPP), Brazil
- The properties, which were acquired through staking, totalled 9,120 hectares
- The BPP is one of the largest granitic, pegmatite provinces in South America
- Xplore Resources is a Toronto-based exploration company focused on the acquisition and development of lithium, copper and gold projects in the Americas
- Xplore Resources Corp. opened trading at $0.08
Xplore Resources Corp. (XPLR) has acquired additional seven claims in the Borborema Pegmatite Province (BPP), Brazil.
The properties, which were acquired through staking, totalled 9,120 hectares. They are located approximately 150 kilometres west of Natal in the state of Rio Grande do Norte in the northeastern region of Brazil.
Rio Grande do Norte offers excellent, year-round road access and established infrastructure.
The BPP is one of the largest granitic pegmatite provinces in South America, extending over 150 kilometres along a north-northeast trend through the states of Rio Grande do Norte and Paraiba and measuring more than 75 kilometres in width.
The BPP was an important source of tantalum and beryl from the late 1940s through the 1970s and the area was known for “specimen” quality samples of tantalum, beryl and niobium.
Over 700 rare earth element (REE) pegmatites have been recorded throughout the BPP, and more recent research has confirmed that lithium-cesium-tantalum (LCT) type pegmatites are common as well.
“The Borborema Pegmatite Province has seen little modern exploration aside from university and government research projects and artisanal mining activity for the production of tantalum and semi-precious gemstones, including aquamarine and tourmaline, all of which are often associated with lithium-cesium-tantalum or LCT type pegmatites,” said Wes Hanson, P.Geo., President and CEO of Xplore.
“We believe the Borborema district offers outstanding potential for lithium discovery, and our goal is to mobilize field teams to both the Borborema as well as our Energia lithium property in Minas Gerais in 2023 to conduct reconnaissance mapping and sampling on both properties,” he added.
Xplore Resources is a Toronto-based exploration company focused on the acquisition and development of lithium, copper and gold projects in the Americas.
Xplore Resources Corp. opened trading at $0.08.
