Zimtu Capital Corp. (CVE:ZC) reports the completion of transaction for Blachford heavy rare earth property situated in the Northwest Territories, Canada.
The press release is quoted as saying:
The Blachford Property consists of one claim, totaling approximately 1,000 acres, within the north-central part of the Blachford Lake Intrusive Complex. The Blachford Lake Intrusive Complex measures more than 10 kilometres in diameter, the largest portion of which is covered by Avalon’s Thor Lake Project. At Thor Lake, five distinct zones of rare metal mineralization have been identified as being of potential economic interest: the Nechalacho Deposit and the North T, South T, S and R Zones. Avalon’s current focus is the Nechalacho Rare Metal Deposit due to its size and enrichment in REEs.