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Montero Identifies Initial Mineral Resource of 3.3M Tonnes Grading 2.6% LREO5
Sep. 12, 2011 12:49PM PST
Rare Earth InvestingMontero 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.
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