Medallion Updates Red Wine Heavy REE Project

- May 2nd, 2011

Medallion Resources Ltd (CVE:MDL) reports that all data is analyzed from its 2010 exploration program on the Red Wine Heavy rare-earth-element project.

Medallion Resources Ltd (TSXV:MDL) reports that all data is analyzed from its 2010 exploration program on the Red Wine Heavy rare-earth-element project.

The press release is quoted as saying:

The initial REE target on the Property was a large exposed body of previously mapped Red Wine peralkaline intrusive rock, which is known to contain the REE-bearing mineral, eudialyte. While significant eudialyte was identified during the field work and all assayed samples showed elevated levels of REEs, the overall average assays for the eudialyte-bearing rock were lower than expected. Laboratory examination determined a Red Wine eudialyte total REE content of approximately 2.5%, which is low for eudialyte and explains the lower-than-expected REE assays reported for the samples of peralkaline rock.

Click here to access the entire news release.

Click here to access Medallion’s company profile.

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