Stans Energy Corp (TSXV:HRE,OTCQX:HREEF) announced that it is in receipt of assays for its 2012 exploration drilling program at Kutessay II.
As quoted in the press release:
A detailed summary of all data points and hole schematics is available at:
Hole D018 was stopped at a depth of 27m. It was replaced with Hole D019 which was then drilled to 263m.
Hole D014 did not intersect any mineralization above the cutoff grade.
The Total Rare Earth Oxide cut-off grade for Mineral Resource delineation is 0.1%
Stans Energy CEO and President Robert Mackay said:
These drilling results along with those from our 2011 drilling campaign will be incorporated into our feasibility study that has begun with the signing of the geotechnical survey contract that will determine the new mill and tailings pond location for the planned 1500 tons per year of rare earth oxide production.