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St. Anthony Gold Corp ( (TSE:SPRK) ) has provided an update.
Spark Energy Minerals has resumed a reverse circulation drilling program at its Arapaima Project in Brazil’s Lithium Valley, planning at least 20 holes totaling about 2,000 metres to test three priority targets for ionic adsorption clay-hosted rare earth and gallium mineralization. The work aims to refine geological understanding, support geochemical sampling, and move the project toward a potential maiden inferred mineral resource.
In parallel, the company is preparing metallurgical test work on selected high-grade samples to confirm mineral characteristics and evaluate preliminary recovery parameters, which will feed into future resource estimation and potential economic studies. A recent technical visit from the Brazilian Geological Survey underscores growing institutional interest in Arapaima as an example of Brazil’s emerging critical minerals exploration, reinforcing its strategic significance for the country’s rare-earth supply chain.
More about St. Anthony Gold Corp
Spark Energy Minerals Inc. is a mineral exploration company focused on critical minerals, particularly rare earth elements and gallium, at its flagship Arapaima Project in Brazil’s Lithium Valley. The company aims to systematically delineate ionic adsorption clay-hosted mineralization and position itself within one of Brazil’s most prospective emerging rare-earth districts.
Average Trading Volume: 1,038,674
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$6.12M
For a thorough assessment of SPRK stock, go to TipRanks’ Stock Analysis page.