Peak Minerals Uncovers High-Grade Rutile Potential in Cameroon

February 04, 2025 11:00 AM AEDT | By Team Kalkine Media

Peak Minerals Uncovers High-Grade Rutile Potential in Cameroon — Image source: Shutterstock

Encouraging High-Grade Rutile Results

According to the assay results, samples contained up to 69.8% rutile in the valuable heavy mineral (VHM) assemblage, with total valuable heavy minerals reaching an impressive 93% in some areas. Even the weakest sample contained 16.9% VHM, with monazite (35.6%) and zircon (21.5%) making up significant portions of the mineral content.

Additionally, the company reported visual estimates of up to 5% total heavy minerals (THM) in residual soils, suggesting widespread mineralization across the project area.

Exploration Progress and Future Plans

Peak Minerals has completed 65% of its exploration program and continues to discover rutile nuggets throughout the project. The company remains optimistic about the potential for a major rutile province.

Market Reaction

Peak Minerals' stock has been trading at 1.5 cents, with investors closely watching for further results from the upcoming reconnaissance drilling program.

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