Pacific Bay Minerals Reports Strong Rare Earth Values at Chacho

Pacific Bay Minerals reports that assay results show strong potential for REE at the Cueva del Chacho claims in La Rioja Province, Argentina.

The strong REE values were obtained through an initial collection of 39 samples over an area of roughly 6 square kilometers on the Cueva del Chacho Property in both coarse sediments and in leucocratic granite. The hosts and controls of this mineralization are now better understood as a model for future exploration, and the property is being expanded accordingly.

Dr. Richard Culbert, Ph.D. & Project Geologist says:

“Unlike many REE concentrations, the heavier rare earths have not been depleted, with the exception of Europium.”  “Ratios of heavier to lighter elements, have maintained values similar to those reported for crustal averages. The heavy rare earths comprise an average of 29% of the total rare earths, ranging up to 71% if Yttrium is included, and an average of 14% with a high of 44% if it is not.”

For complete news release, click here.

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