Matamec Explorations Inc (TSXV:MAT), a tantalum exploration company, announced that the drilling results from its Zeus property show significant high grade rare earth potential.
As quoted in the press release:
2012 Drilling Highlights
- Assays results for fifteen (15) drill holes from 2012 diamond drilling campaign on PS zone, a heavy rare earths-Y-Zr showing located at 2.7 km South-East of Kipawa deposit on Zeus property are disclosed in table 1
“Matamec is very pleased with the significant high grade of rare earth potential on the Zeus property,” said Andre Gauthier, President and CEO of Matamec Explorations. “As the Kipawa deposit is close to completing its feasibility study at the end of June, Matamec’s exploration team has positioned the Company for the next major phase of growth.