Coalition Concerned About Otero Mesa Mining Claims

- February 23rd, 2011

Denver-based Geovic Mining Corp. has staked more than 50 20-acre claims in the hope of finding sources of zirconium and rare earth minerals in New Mexico’s Otero Mesa but environmental groups are concerned.

Denver-based Geovic Mining Corp. (NYSE:IPI) has staked more than 50 20-acre claims in the hope of finding sources of zirconium and rare earth minerals in New Mexico’s Otero Mesa but environmental groups are concerned.

The market news is quoted as saying:

“We think the area where we staked these claims at least has the potential to have interesting quantities of those minerals, but we have a long way to go before we could even begin to think about any kind of project there,” Jack Sherborne, head of the company’s new ventures division, told The Associated Press in a telephone interview.

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