The Conversation (0)
Cache Exploration Inc. (CVE:CAY) reported that it has completed the staking of the Nueltin West REE property in Nunavut
The press release is quoted as saying:
The staking was conducted by two crews of two men with helicopter support. Each crew consisted of a geologist and a field assistant. The Cache field crews conducted an initial exploration evaluation program while completing the staking. RS-125 gamma radiation spectrometers were used to take initial measurements of the natural radioactivity on the ground along the claim block boundaries and target areas including a known REE occurrence.
Cache Exploration’s President and CEO, Mr. George A. Brown stated:
“From this limited initial evaluation of the Nueltin West REE Property, there appears to be significant potential for REE that will warrant a more thorough follow up exploration program. For obvious reasons, we did not disclose our summer work programs in Nunavut until we had completed the staking of these claims. These claims cover targets that were initially desired by Cache in the December 2010 prospecting permit applications but that were not awarded to us in February 2011. We are pleased that our land position in Nunavut now includes these additional target areas that are of interest to Cache.”