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Eden Rare Earth Distribution Data Support High Neodymium and Heavy REE Potential
Eden Rare Earth Distribution Data Support High Neodymium and Heavy REE Potential
About this update from Gamma Resources Ltd.
[{"type":"text","content":"\nEden Rare Earth Distribution Data Support High Neodymium and Heavy REE Potential\n\n\n Mar. 31, 2010 (TheNewswire.ca) -- Vancouver, BC - Medallion Resources Ltd (TSXV:MDL) (TSX.V: MDL) today released results of a new rare-earth-element (REE) distribution study, based on previous sampling, which supports the potential for high neodymium and heavy rare-earth-element (REE) values at the Eden REE Project in Manitoba. Collation of this previous data provided a secure population of 254 geochemical rock samples representing 60 distinct mineral suites from throughout the project's eight-square-kilometre REE mineralized area.The distribution percentages for three groups of samples are as follows:-The 254 samples from all 60 mineral suites.-A sub group of 83 samples from 15 mineral suites, which contain a level of elevated totalrare-earth oxides (TREO's) greater than 0.3%.-A sub group of 41 samples from a single mineral suite (hydrothermal veins), which average5.3% TREO's.Table of REE Distribution Percentages, which are not to be construed as assay values (see below)\nRare-Earth Element 254 samples from throughout area 83 samples (> 0.3% TREO's) 41 samples from veins (avg 5.3% TREO's) \nLanthanum 18% 19% 18% \nCerium 42% 45% 46% \nPraseodymium 5% 5% 5% \nNeodymium 21% 21% 21% \nSamarium 4% 3% 3% \nHeavy REE's + Eu & Y 9% 7% 7% \n\"These distribution percentages provide a very encouraging indication of the potential value of the Eden REE occurrence. The best news is the very high percentage of neodymium, which, due to its demand for super magnets and for electric-vehicle motors and generators , currently is the highest-priced light REE, \" said Medallion president Bill Bird. \"The 21% neodymium is almost double the distribution percentage found at the world's best-known REE mines, Mountain Pass, California and Bayan Obo, China.\"Add to that, we have a 7% distribution percentage for the combined heavy REE's, europium and yttrium. This percentage is more than ten times the heavy REE's distribution percentage at Mountain Pass. Overall, the mineralization is enriched in the lighter REE's, which is to be expected with a carbonatite-hosted occurrence; however, the mineralization is somewhat of a hybrid with this relatively high heavy-REE distribution percentage. Additional heavy REE's, with their current high prices, can make a big difference ...