Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) has completed its due diligence auger drill program at the Patos rare earth element project in Presidente Olegário, Minas Gerais, Brazil. The program, conducted between March 10 and March 26, 2026, consisted of 11 holes totaling approximately 78 meters. The company submitted 66 samples to SGS Geosol in Vespasiano for multi-element analysis, including rare earth elements and titanium, with assay results expected in four to six weeks.
The drill program is a key component of Canamera's due diligence review tied to its potential acquisition of an option to earn a 100% interest in the project. Following receipt of assays, the company will have 30 days to decide whether to proceed with the acquisition. This announcement underscores Canamera's strategy to expand its portfolio of rare earth and critical metals projects in the Americas.
Canamera Energy Metals is a rare earth and critical metals exploration company building a portfolio of district-scale opportunities across the Americas. Its asset base includes the Mantle project in British Columbia, the Garrow rare earth elements project in Northern Ontario, the Schryburt Lake rare earth and niobium project in Ontario, the Iron Hills critical and rare earth project in Colorado, USA, and the Turvolândia and São Sepé rare earth element projects in Brazil. Across this portfolio, Canamera targets underexplored regions with strong geological signatures and supportive jurisdictions, applying geochemical, geophysical, and geological datasets to generate and advance high-conviction, first-mover exploration targets.
The Patos project adds to Canamera's growing presence in Brazil, a country known for its significant rare earth potential. The outcome of the auger drill program and subsequent assays will be critical in determining the project's viability and Canamera's next steps. For more details on the press release, visit https://ibn.fm/2tpVx.
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