en.Wedoany.com Reported - Atlantico Energy Metals (CSE:ATLA) has released the first batch of surface sampling results from its flagship Novo Cruzeiro project in Brazil, revealing a high proportion of magnetic rare earth oxides (MREO) in total rare earth oxides (TREO).

The project covers an area of 24,387 hectares, with a total of 231 samples collected. The MREO-to-TREO ratio in rock chip samples reached up to 38.7%, with an average of 21.5%. For stream sediment samples, the MREO-to-TREO ratio peaked at 27%, with an average of 18.8%.

The sampling data also revealed a circular thorium radiation anomaly associated with bismuth, molybdenum, and rare earth anomalies, which has identified priority target areas for Atlantico's subsequent field assessment.

President and CEO Bonn Smith stated that the early rare earth signals stand out due to their scale and consistency. Smith said: "The strong magnetic rare earth component in the first sampling program suggests that MREO enrichment may occur in multiple parts of the deposit, providing a basis for continued systematic exploration." He added that these results provide technical support for prioritizing follow-up exploration at the project.

The company plans to carry out the recommended first-phase follow-up work as suggested in the technical report, including target area field inspections, mapping, prospecting, and additional geochemical sampling.

The Novo Cruzeiro project is located in northeastern Minas Gerais, Brazil, and is currently at an early stage with no historical drilling. Atlantico Energy Metals is a Canadian exploration company focused on advancing its flagship Novo Cruzeiro project in Brazil's Lithium Valley.