Matamec Explorations Inc. (TSXV:MAT) Director of IR, Edward Miller, spoke to spoke to Resource Investing News about rare earths in Quebec and their relationship with Toyota.
Matamec Explorations Inc. (TSXV:MAT) Director of IR, Edward Miller, spoke to spoke to Resource Investing News at the Vancouver Resource Investment Conference about rare earths in Quebec and their relationship with Toyota, “one of the largest consumers of rare earths”. Mr. Miller said, “The Quebec government really wants to take advantage of the strong resources we have in electricity to really develop a strong, hybrid electric market moving forward.”
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan.
In parallel, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property. Since 2007, Matamec discovered eight (8) new rare earth showings. Particularly, it drilled the PB-PS Zone in the fall of 2012 and identified Eudialyte-Mosandrite/Yttro-Titanite/Britholite mineralization similar to those found at the HREE Kipawa Deposit. This type of mineralization is presently known over a length of 200 metres and is open laterally and at depth. This mineralized zone is 2.3 km SW of the Kipawa deposit and a soil anomaly seems to connect the two. The Company plans to drill these extensions later this year.
The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific gold mining camp of Timmins, Ontario. In Quebec, the Company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Valmont and Vulcain properties. Matamec signed in August 2013 an option agreement where Canada Strategic Metals can acquire an interest of up to 50% in the Sakami gold project, located in the James Bay region of northern Quebec by committing $2.25 million in exploration work including $500,000 in the first year of drilling – assays will be upcoming soon.