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First Rare Earth Samples from Canada
First Rare Earth Samples from Canada.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 3204M Rare Earth Minerals PLC 15 August 2011 \n \n\n \n15 August 2011\n \n \nRare Earth minerals plc\n(\"Rare Earth Minerals\" or \"the Company\")\n \nFirst Rare Earth Samples from Canada\n \nRare Earth Minerals PLC (AIM: REM) is pleased to announce that it has received results from the initial exploration program on the Cup Lake Rare Earth Project located in Saskatchewan, Canada, with the most significant sample assaying 8.78% of total rare earth oxides.\n \nWork conducted during July 2011 was successful in locating two areas of rare earth mineralisation on the claims at Cup Lake and at Schmitz Lake. \n \nThe Cup Lake occurrence consists of a varied succession of Aphebian metasediments and intercalated metavolcanics. A grab sample from an old trench at this site analysed 7.5 weight% total rare earth elements (\"TREE\"), equivalent to 8.78% total rare earth oxides (\"TREO\"), i.e. lanthanum 1.94%; cerium 3.56%; praseodymium 0.393%; neodymium 1.28%; samarium 0.173%; europium 0.005%; gadolinium 0.091%; terbium 0.009%; dysprosium 0.03% and erbium 0.017%. \n \nAt Schmitz Lake two rock samples returned anomalous concentrations of rare earth elements, with values of 0.209 and 0.175 weight % TREE's, equivalent to 0.243% and 0.21% TREO's. The samples at Schmitz Lake were from pegmatitic dykes in felsic gneisses. The proportion of heavy rare earth elements to light rare earth elements varies between 1% and 3% for the Cup Lake and Schmitz Lake samples. A total of 30 samples of between 1-2kg each were taken and these were processed by Saskatchewan Research Council (\"SRC\") Laboratory in Saskatoon, Saskatchewan.\n \nThe association in some of the samples with elevated phosphorous and uranium concentrations as well as the proportions of light rare earths in comparison to heavy rare earths indicates that the mineralisation at Cup Lake is very similar to that found at the Hoidas Lake rare earth deposit in northern Saskatchewan.\n \nThe results are very encouraging and warrant further follow-up work in order to determine the continuity, extent and average grade of the REE mineralisation. A program of further exploration work will now be planned in order to more fully evaluate the potential of the Cup Lake rare earth occurrences.\n \nRar...