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Enova Mining (ASX: $ENV) uncovers large-scale surface saprolite clay system

Enova Mining Phase 1 Exploration Update


Enova Mining Ltd (ASX: $ENV) has announced a significant discovery in its Phase 1 exploration program at the Poços REE Project in Brazil. The company's geologists have identified a large-scale surface Saprolite Clay system, with auger drill rigs expected to arrive and mobilize this week to delineate several drill targets. Enova is fully funded to complete its Phase 1 exploration program, which covers its tenements in Brazil's Poços de Caldas Alkaline Intrusive Complex.

Executive Commentary


Enova Mining Ltd is pleased to advise that our Phase 1 exploration program has uncovered a large-scale surface Saprolite Clay system at our Poços REE Project. This discovery is a significant development for the company, and we are excited about the potential it holds. The ongoing program, along with the expected arrival of auger drill rigs, will allow us to further explore and delineate drill targets. We are confident in the geological prospectivity of the region and are committed to fast-tracking our exploration to confirm the potential of this discovery.

Summary and Outlook


Enova Mining's Phase 1 exploration program has yielded a significant discovery of a large-scale surface Saprolite Clay system at the Poços REE Project in Brazil. The company is fully funded to continue its exploration program, with the arrival and mobilization of auger drill rigs expected to further delineate drill targets. With tenements secured in geologically prospective settings and in proximity to other ASX explorers with established deposits, Enova is optimistic about the potential of this discovery. The company's ambitions to confirm the potential of the discovery and its commitment to fast-tracking exploration demonstrate its confidence in the geological prospectivity of the region.

Sourcehttps://announcements.asx.com.au/asxpdf/20240206/pdf/0603ry3v34zxm6.pdf

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