ASX:OCN

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Oceana Lithium Starts Maiden Diamond Drilling at Brazil Project

Oceana Lithium (ASX:OCN) started its maiden diamond drilling program at the Serra Negra project in Brazil, specifically targeting rare earths elements, according to a Wednesday filing with the Australian bourse.Drilling is aimed at expanding the historical dataset and supporting a maiden mineral resource estimate and will initially focus on the central corridor target, the filing said.The company anticipates an increase in the number of rigs on site as drilling advances, per the filing.Shares rose 1% in midday trade Wednesday.

ASX:OCN

Asia62d ago

Oceana Lithium Says High-Grade Mineralization Confirmed Over Continuous Corridor at Brazil Rare Earth Project

Oceana Lithium (ASX:OCN) said high-grade rare earth element mineralization was confirmed over a broad, continuous corridor at the Serra Negra rare earth project in Brazil, according to a Thursday Australian bourse filing.Assays from a historical core re-sampling program confirmed extensive mineralization over thick intervals, with significant results including 50 meters at 4% grade of total rare earth oxides (TREO), within 114 meters at 2.3% TREO mineralized zone to end-of-hole, as well as 22 meters at 4.7% TREO, within 84 meters at 2.1% TREO mineralized zone to end-of-hole.It defined a priority one-kilometer by 1.5-kilometer central target corridor for its 20,000-meter diamond drill program.Its shares rose 2% in recent trading on Thursday.

ASX:OCN

Asia118d ago

Oceana Lithium Prepares for Initial Drilling at Brazil Project

Oceana Lithium (ASX:OCN) is preparing for its initial drilling program at the Serra Negra project in Brazil, covering up to 20,000 meters, according to a Thursday filing with the Australian bourse.The program is designed to assess the scale and geological control of the mineralization at the project ahead of an initial resource estimate later in the year, the filing said.Additionally, the company started an extensive assaying program involving about 8,000 meters of historic core to confirm the extent and continuity of the rare earth mineralization at the project, per the filing.Shares rose 1% in morning trade on Thursday.

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