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Zimtu Capital Options Package Of Seven Rare Earth Metal Projects
Dec. 15, 2010 08:04AM PST
Long TailZimtu Capital Corp. (CVE:ZC) reports with its partners it has signed an agreement with First Gold Exploration Inc. (CVE:EFG) whereby First Gold can earn a 100% interest in a package of seven rare earth element and niobium properties, southeastern British Columbia, Canada.
Zimtu Capital Corp. (TSXV:ZC) reports with its partners it has signed an agreement with First Gold Exploration Inc. (TSXV:EFG) whereby First Gold can earn a 100% interest in a package of seven rare earth element and niobium properties, southeastern British Columbia, Canada.
The press release is quoted as saying:
The seven properties: the Kin, Trident, IRC, Munroe, Hiren, Claire and Lindmark were acquired by Zimtu and its partners in 2009 after a detailed review of government lake sediment geochemistry databases and an assessment of geological environments prospective for REEs and rare metals. Targets were then refined using geology, airborne magnetics, known mineral prospects, access, and land use considerations. The properties cover some of the highest and most significant regional government geochemical results for REEs.