|
|||||||
Chuchinka Property, British ColumbiaInternational Montoro Resources Inc. has acquired 2,268 ha. (5 claims- Chuchinka Property) contiguous to and adjoining Spectrum Mining Corp’s recently reported rare earth discovery, located 80 km northeast of Prince George, B.C. via Hwy.97, then east along the all weather Chuchinka Forest Service Road. Location Map
In late October, Spectrum Mining reported significant rare earth element mineralization on its Wicheeda carbonatite-syenite breccia intrusive complex rare earth discovery. Highlights included a 48.64 metre interval which averaged 3.55% rare earth elements (“REE”), a 72.0 metre interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in three separate drill holes. In 2009, eleven NTW diamond drill holes totalling 1835 m were drilled in the “Main Zone” from 2 new drilling platforms on Wicheeda. All eleven-drill holes intersected significant rare earth mineralization and the Wicheeda deposit remains open in alldirections. World recognized carbonatite-rare earth mineralization specialist Anthony Mariano visited the Wicheeda project during the 2009 drilling program and has subsequently examined drill core samples as well as rock samples that he collected on the site. His analytical work including SEM and cathodoluminescense indicates that the Wicheeda mineralization is mainly quite coarse grained (0.2 m to 0.5 mm) monazite and a bastnaesite-synchisite-parasite mineral. He has also conducted a bench scale heavy liquid and magnetic separation study on a composite sample of Wicheeda drill core and was able to produce a high grade REE concentrate that contained 56.09 wt. %REE. This test indicates that the Wicheeda rare earth mineralization is simple and easy to produce a marketable concentrate from compared to most otherworld rare earth deposits including the dormant world-class rare earth mine at Mountain Pass in California. By also applying a flotation circuit it should be easy to produce a 60% LREE concentrate from Wicheeda which would exceed the concentrate grade from Mountain Pass which for over 40 years was the main North American supplier of rare earth products to the world. Several other companies have joined the search for an extension of the Wicheeda rare earth discovery. Commerce Resources Corp. (“CCE”) and Canadian International Minerals Ltd. (“CIN”) also reported encouraging results in their 2009 rock, silt and soil sampling program including a new anomaly that exceeded the detection limit of greater than 1% cerium, indicative of light rare earth content, and 309 ppm gadolinium, indicating the presence of heavy rare earths. Zimtu Capital Corp. (“ZC”) also owns claims adjoining the Montoro claims to the north and west, Bolero Resources Corp. ("BRU") has acquired numerous claims on the east, north and west. In 2010/11, further drilling discoveries of REE’s were reported by CIN. In June 2010, IMT entered into an option agreement with Electric Metals Inc. (TSX.V: “EMI”) whereby EMI can earn a 75% interest in the Chuchinka group by paying $240,000, issuing 700,000 common shares of EMI and incurring $425,000 in exploration over three years. In August 2010 EMI completed 693 line km of AeroTEM helicopter-borne, time domain electromagnetic plus radiometric surveying. Several magnetic and electromagnetic anomalies were identified on Chuchinka. Bolero Resources Corp. and Canadian International Minerals also completed successful airbornes on adjacent properties. In 2011, EMI completed Phase 2 exploration consisting of geochemical sampling of soils and bedrock, together with ground-bases geophysics in the form of precision magnetometer and scintillometer surveying. This exploration was applied to identify the most prospective portion of Chuchinka in preparation for drilling. The largest of these targets, measuring over 4 km by 1 km, is located near the centre of the property and is defined by a broad magnetic low associated with coincident conductive anomalies. REE’s are critical components in many high-tech applications including hybrid motor vehicles, flat screen monitors, high-power magnets, consumable electronics (Blackberries, iPods, DVDs, cellular phones), green energy technology, fibre optics, super alloys for the aerospace and building industries, medical and dental lasers. But even more critical as far as Western governments are concerned is their use in high-tech strategic military and defense weaponry. Guided missiles and other precision weapons, for example, rely on rare earth metals and magnets to help direct their course. Although demand for REE’s is growing rapidly, over 90 percent of global production is controlled by China, which has recently imposed restrictions on their exports. See Rare Earth Headlines. With insatiable consumer demand for high tech electronics, clean energy mandates from countries around the globe and out-of-control military spending, it seems likely that demand will only increase as supplies are threatened. This is the recipe for much higher prices in rare earth and the companies that develop them. Tacheeda Lake & Carbo Properties, British ColumbiaThe Company has acquired two claim blocks- 7,585 ha ( 20 claims- Tacheeda and Rocky Properties) surrounding a second group of claims owned by Spectrum Mining Corp. The Company also acquired one claim block- 1,348 ha ( 3 claims – Carbo Property) due northwest on trend with its Chuchinka property. |
Subscribe to Newsletter
Recent News |
||||||
|
|||||||