Cache Exploration Inc. (TSXV:CAY) reported that the extensive exploration program has been expanded and extended due to the receipt of positive radiometric survey and rock sample results at the Cross Hills properties near the Burin Peninsula, Newfoundland.
As quoted in the press release:
The Cross Hills Plutonic Suite consists of a group of related gabbro to diabase, granodiorite, biotite granite, peralkaline granite, and minor syenite that outcrops over 260 square kilometres. The most significant mineral occurrence within the Cross Hills area is Zr-Nb-Y-REE mineralization within small aplite dykes and veins that intrude the peralkaline granite, revealing grades of up to 19,208 g/t Zirconium (Zr), 2,968 g/t Yttrium (Y), 1,860 g/t Niobium (Nb), 1,550 g/t Cerium (Ce), 725 g/t Thorium (Th), and 90 g/t Tin (Sn) (as reported in Tuach, 1991). This area was prospected during 2011 and an area of known REE mineralization displayed radiometric readings of up to 1,500 counts per second (CPS) and could be traced discontinuously over a kilometre in length and locally up to 2.5 metres in width. Work conducted in 2010 by Cache Minerals Inc. (CMI) (formerly Rockbridge Minerals Inc.) in this area revealed samples containing up to 1.11% Total Rare Earth Oxide (TREO). At the contact of the same peralkaline granite and neighboring biotite granite, a sample returning 6,328 g/t Zr and 316 g/t Nb was reported by Tuach (1991). The management of Cache feel that this is indicative of potential underlying Heavy Rare Earth Element (HREE), Yttrium, and Niobium mineralization. The analytical results, mineralogy, and peralkalic affinity appear similar to those of other very significant REE-Y deposits like the Thor Lake (NWT) and the Strange Lake (QC-Labrador), making the Cross Hills REE property of significant interest to Cache for developing its potential.