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    Montero Identifies Initial Mineral Resource of 3.3M Tonnes Grading 2.6% LREO5

    Investing News Network
    Sep. 12, 2011 12:49PM PST
    Rare Earth Investing

    Montero Mining and Exploration Ltd. (CVE:MON) announced that a resource estimate on the Tembo and Twiga deposits has been completed.

    Montero Mining and Exploration Ltd. (TSXV:MON) announced that a resource estimate on the Tembo and Twiga deposits has been completed.

    The press release is quoted as saying:

    A total inferred mineral resource of 3.3 million tonnes at a grade of 2.6% LREO5 (Light Rare Earth Oxide) has been outlined from the preliminary drilling program of 21 boreholes (2,225m). A cut-off sensitivity analysis has shown that the Inferred Mineral Resource contains a higher-grade portion consisting of 510,000 tonnes averaging 4.4% LREO5.

    Click here to read the entire news release.

    montero mining and exploration ltdtsxv:mon
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