The Conversation (0)
Medallion Resources Ltd (CVE:MDL) reports that the rare-earth-element assays for samples collected at the Eden REE project in Manitoba.
The press release is quoted as saying:
The 2010 sampling program focused on the large surface areas of mineralized and fenitized (alkali metasomatism) syenite and related rare-earth-bearing rocks, which showed potential of a large-surface-tonnage, low-production-cost REE deposit. The average REE grade along the 174 diamond-sawed rock samples taken from continuous channels in the targeted fenite, and 47 surface cores of rock, also taken from the fenite but collected with a portable concrete drill, currently does not support further exploration of this type of material. The remaining 133 samples, of the total 354 samples collected, were grab samples of special-interest rocks from other areas of the property. These also showed elevated REE levels.
Medallion’s President and CEO, Dr Bill Bird explains:
“With multi-million tonnes at the surface and significant REE values, the Eden fenite zone was our first target for the large-tonnage, low-production-cost project that we believe will shape the rare-earth industry future; however, our detailed channel sampling did not find the necessary level of consistent REE grades.” “We are refocusing our exploration on the REE-bearing carbonatite that occurs throughout the Eden Lake claims. There is potential for a large-tonnage carbonatite, which, as is the case at Molycorp’s Mountain Pass mine, is a common host for REE deposits.”
Click here to access the entire news release.
MDL:CA