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Canamera Energy Metals Corp. Confirms Seven Drill-Defined Target Areas At Turvolândia Ionic Clay Rare Earth Project and Reports Assay Results
Canamera Energy Metals Corp. announced assay results from its Turvolândia Ionic Clay Rare Earth Project in Minas Gerais, Brazil. The release covers additional assay results from the Marita Target; results from three new targets defined by a 26-hole regional exploratory program (Rose, Paiolinho, and Miguel); and a program-level summary across all 77 holes received to date. The results expand the Project from four to seven named, drill-confirmed rare earth target areas. Turvolândia expanded to seven drill-confirmed rare earth target areas from four previously announced. Rose Target (TUV-AUG-070): 8 metres at 2,238 ppm TREO and 843 ppm MREO (2-10m), including 3 metres at 3,776 ppm TREO and 1,578 ppm MREO (7-10m, end of hole). The Rose Target result is the strongest result from the regional exploratory program and compares favourably with results from previously announced highest grade targets at the Cortis zone. Marita Target: three holes all terminating in mineralised material; best sub-interval 3 metres at 1,715 ppm TREO and 272 ppm MREO (TUV-AUG-064, end of hole). Paiolinho and Miguel Targets return new results; Carvalho and Joaquim Targets named as two additional areas defined by the 26-hole regional exploratory program. 77 holes with results received to date; 62% returned at least one sample above 750 ppm TREO; peak 6,431 ppm TREO at Cordis (March 3, 2026). All values expressed as rare earth oxide equivalents. Conversion factors: JCU Advanced Analytical Centre. TREO = CeO2 + Dy2O3 + Er2O3 + Eu2O3 + Gd2O3 + Ho2O3 + La2O3 + Lu2O3 + Nd2O3 Pr6O11 + Sm2O3 + Tb4O7 + Tm2O3 + Y2O3 + Yb2O3. MREO = Dy2O3 + Nd2O3 + Pr6O11 + Tb4O7 + Y2O3. Marita Target was first identified as part of the four-target system described in the Company's June 16, 2026 news release. Three of 17 auger holes completed at Marita are reported here; results from the remaining 14 are pending. All three reported holes terminated in mineralised material, with TREO and MREO grades increasing toward the base of each hole. The pattern is consistent with the IAC-REE model: in this deposit type, REE enrichment concentrates in the lower saprolite zone above the weathered-fresh rock transition, and holes that end in elevated grades indicate the mineralised horizon continues below the auger's penetration depth. TUV-AUG-018 was drilled vertically to 18 metres. The full-hole average of 715 ppm TREO includes an anomalous near-surface metre at 4-5m (1,343 ppm TREO) and a deepening enrichment zone in the final 2 metres (16-18m), where the hole terminated averaging 1,368 ppm TREO and 534 ppm MREO. TUV-AUG-040 was drilled vertically to 13 metres, with grades rising steadily through the upper profile into the 4-metre end-of-hole interval (9-13m) averaging 1,144 ppm TREO and 362 ppm MREO. The final metre (12-13m) returned the highest individual reading in the hole at 1,244 ppm TREO and 429 ppm MREO. TUV-AUG-064 was drilled vertically to 8 metres, with the deepest 3 metres (5-8m) averaging 1,715 ppm TREO and 272 ppm MREO. The single metre at 5-6m returned 2,742 ppm TREO, accounting for 53% of the 3-metre interval's total grade-metres. All three holes at the Marita Target terminated in mineralised material. Deeper drilling is required to define the base of the mineralised horizon at this target. The Company completed an additional 26 auger holes across the broader Turvolândia tenure to evaluate geophysical anomalies identified through total-count radiometric surveys conducted prior to drilling. Twenty-six holes tested radiometric anomalies outside the four established target areas and generated five new named targets: Rose, Paiolinho, Miguel, Carvalho, and Joaquim. Results from three targets (Rose, Paiolinho, and Miguel) are presented below. Rose Target: Hole TUV-AUG-070 was drilled vertically to 10 metres. An 8-metre interval from 2 metres to end of hole averaged 2,238 ppm TREO and 843 ppm MREO, with MREO representing 38% of TREO across the interval. Grades increased sharply in the final 3 metres (7-10m), which averaged 3,776 ppm TREO and 1,578 ppm MREO; the deepest metre (7-8m) returned the interval peak at 4,134 ppm TREO and 1,683 ppm MREO. The hole terminated in mineralised material at 10 metres. Paiolinho Target: Hole TUV-AUG-066 was drilled vertically to 7 metres. Mineralisation was present throughout the full hole profile, with the upper 4 metres (0-4m) averaging 679 ppm TREO and the lower 3 metres (4-7m, end of hole) averaging 1,192 ppm TREO and 304 ppm MREO. The hole terminated in mineralised material. Miguel Target: Hole TUV-AUG-038 was drilled vertically to 18 metres. The lower 8 metres of the hole (10-18m) averaged 744 ppm TREO and 326 ppm MREO. Within this interval, grades increased toward the base of the hole; the final 3 metres (15-18m) averaged 977 ppm TREO and 427 ppm MREO, with the second-to-last metre (16-17m) returning 1,136 ppm TREO and 500 ppm MREO. The hole terminated in mineralised material at 18 metres. MREO represents 44% of TREO across the 8-metre interval. The Company has now completed 124 auger holes totalling 1,379 metres at an average depth of 11.12 metres across the Turvolândia Project. Assay results have been received for 77 of 124 holes. Results from the remaining 47 holes, including 20 follow-up holes at the Linda Target announced June 9, 2026, are pending and will be reported upon receipt and validation. Across the 77 holes for which results have been received: 48 holes (62%) returned at least one sample grading above 750 ppm TREO, indicating broad, spatially distributed rare earth enrichment across the Project. 26 holes (34%) returned at least one sample grading above 1000 ppm TREO. 36 holes (47%) returned at least one sample grading above 200 ppm MREO. Peak TREO: 6,431 ppm over 1 metre (TUV-AUG-014, Cordis Target). Peak MREO: 2,847 ppm (TUV-AUG-014). Peak Nd2O3 + Pr6O11: 2,246 ppm; peak Dy2O3 + Tb4O7: 163 ppm. The seven named target areas now defined at Turvolândia are: Cordis, Marita, South, and Linda (four previously established targets) and Rose, Paiolinho, Miguel, and Carvalho (three new targets defined by the regional exploratory program). The Turvolândia Project is located within a geological setting dominated by regional granitoid intrusions and lateritic weathering profiles consistent with ionic adsorption clay-hosted REE mineralisation. In this deposit type, rare earth elements are adsorbed onto clay minerals within the saprolitic weathering horizon above fresh basement rock and are typically concentrated in the lower portion of that profile.
