Troymet Options Thelon Uranium Rare Earth Project

Troymet Exploration Corp. (TSXV:TYE) reported it has negotiated an option  in the Thelon uranium rare earth project.

As quoted in the press release:

The Thelon project is located approximately 150 km northwest of Baker Lake, Nunavut Territory. Agnico Eagle’s new Meadowbank gold mine is located ~150 km east of the project. AREVA’s pre-production stage Kiggavik uranium deposit is located 90 km southeast of the project while Uranium North Resources Corp.’s Amer Lake uranium deposit is located ~100 km to the north. The Thelon project (11 mineral leases – 7,213 ha) covers 5 properties prospective for high-grade uranium and rare earth mineralization. The properties contain a mix of uraniferous boulder trains, anomalous rock geochemistry and anomalous lake sediment geochemistry. The uranium mineralization is similar to the high-grade “unconformity-type” mineralization currently being mined in the Athabasca area of Saskatchewan and the Kombolgie area of Australia.

Click here to read the Troymet Exploration Corp. (TSXV:TYE) press release.