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Deadhorse Creek rare earth element project optioned
Trading Symbol CIN-CNSX VANCOUVER, July 31 /CNW/ - Canadian International Minerals Inc. (CIN) is ...
About this update from Egr Exploration Ltd
[{"type":"text","content":"\n\n\n\nTrading Symbol CIN-CNSX\n\n\nVANCOUVER, July 31 /CNW/ - Canadian International Minerals Inc. (CIN) is\npleased to announce it has entered into an option agreement (the "Agreement")\nto purchase 100% of the Deadhorse Creek ("DHC Property") rare earth element\n(REE) property. The DHC Property consists of 52 units in Walsh Township in the\nThunder Bay mining division, is approximately 25 km northwest of Marathon,\nOntario, and is traversed by Provincial Highway 17.\n\n\nThe DHC Property is underlain by Archean metasedimentary rocks that have\nbeen intruded by the Neohelikian Deadhorse Creek volcaniclastic breccia.\nWithin these formations are a "Granitic Main Mineralized Zone" (GMMZ) and an\nassociated "Hydrothermal Alteration Zone" (HAZ) together with a "Dolomitic\nCarbothermal Dike (DCD).\n\n\nThese geological formations all host various degrees of rare earth\nelements (REE) and associated minerals including other valuable metals\nincluding yttrium, zirconium, beryllium, niobium and uranium.\n\n\nThe GMMZ consists principally of a primary granitic assemblage of quartz,\nalbite, potassium feldspar together with accessory and/or trace calcite,\nzircon, phenacite, magnetite, hematite, rutile, monazite-(Cerium),\nxenotime-(Yttrium) fluorite, thorite, uraninite, thortveitite and barylite.\n\n\nThe DCD consists principally of dolomite-ankerite and calcite with minor\nzircon, xenotime-(Yttrium), thorite, monazite-(Cerium) and pyrite. Calcite is\nthe principal host to the heavy REE-rich accessory mineralization.\n\n\nREE hosting minerals at the DHC Property are xenotime and monazite,\nphosphate minerals with favourable chemical characteristics for economic REE\nextraction. In particular interest are the heavy REE`s eurbium, gandolinium,\ndysporium and ytterbium which have been identified in the xenotimes.\n\n\nThe previous exploration programs did not establish a genetic model for\nthe mineralization as it was not recognized that the mineralization was\nessentially A-type granitic in character.\n\n\nThe DHC Property has been intermittently evaluated (Gulf Minerals,\nHighwood Resources, Unocal Canada), with respect to its Yttrium, Beryllium and\nREE potential since its discovery in 1977. None of this work has led to\ncomplete geological delineation of the prospect at depth or along stri...