Critical Metals

Quest Rare Minerals Ltd. (TSX:QRM,NYSEMKT:QRM) announced drill results from the winter drill program completed at its Quebec-based Misery Lake project.

Quest Rare Minerals Ltd. (TSX:QRM,NYSEMKT:QRM) announced results from the winter drill program completed at its Quebec-based Misery Lake project. Misery Lake is located 120 kilometers south of the company’s Strange Lake project.

As quoted in the press release:

The Misery Lake drill program commenced on March 30, 2014 and was completed on April 20, 2014. A total of 7 holes were drilled for 1,437 meters (Table 2, Figure 2). A new mineralized zone, the ‘Boulder Zone’, was traced back to its bedrock source from a previously-identified 7-km long, 065°-trending rare earth element (REE) mineralized boulder field (Figure 3). The zone was intersected in three drillholes (ML14026, ML14028 and ML14029) over an east-west strike length of 200 m and vertically to 200 m (Figure 4). Quest has yet to confirm the dip of the new zone but early indications are that it is sub-vertical to steeply south-dipping and open along strike in both directions and at depth. Mineralized core intersections of between 27.6 m and 199.69 m were returned from the drilling. Best assays returned 1.48% total rare earth oxides plus yttrium (TREO+Y(1)) over 62.8 m (drillhole ML14026) including 1.72% TREO+Y(1)over 27.6 m. The drilling results also returned important levels ofscandium oxide (Sc2O3) between 0.0235% to 0.0351% (235 to 351 grams/tonne Sc2O3) over the drilled intervals. Highlights of the results, which are interpreted to be apparent thickness, are shown in Table 1 and the location of the drillholes is presented in Table 2 in NAD 83, Zone 20N projection.

Click here to read the full Quest Rare Minerals Ltd. (TSX:QRM,NYSEMKT:QRM) press release.

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