Medallion Reports Progress on Monazite Rare-Earth Strategy

About this update from Gamma Resources Ltd.

[{"type":"text","content":"\nMedallion Reports Progress on Monazite Rare-Earth Strategy\n\n(via Thenewswire.ca)\n\n \nVancouver, BC - Medallion Resources Ltd (TSX-V: MDL; OTCQX: MLLOF - \"Medallion\" or the \"Company\") is pleased to report that it is making significant progress as it develops its recently adopted strategy to exploit the substantial monazite rare-earth resources available as a by-product of heavy-mineral-sands operations around the world. Monazite is a rare-earth phosphate mineral that typically contains 50 to 60% rare earths and was the original commercial rare-earth source.\n\n\n \nBased on over a year of investigation, research, multiple property visits, and substantial input from its technical advisory team, Medallion is now firmly convinced that new rare-earth production from monazite can be developed relatively quickly and inexpensively. Monazite is readily accessible in requisite quantities from a variety of heavy-mineral-sands mining operations. This potential source of rare earths has been virtually ignored for decades as heavy-mineral-sands producers have focused on their key markets of titanium and zirconium minerals, and routinely discarded their monazite by-product.\n\n\n \n\"We see monazite as a key source for near-term, low-cost rare-earth production and we're making good progress on our initiatives to exploit this source.\" said Dr Bill Bird, Chairman CEO of Medallion. \"We're testing monazite samples submitted by several heavy-mineral-sands producers. These samples show an attractive distribution of rare-earth elements and are amendable to traditional extraction methods.\"\n\n\n \nMedallion is advancing three complementary approaches to acquire and process monazite for rare-earth production. First, the Company is in discussions with several Asian, African, and South American heavy-mineral-sands producers, as potential joint-venture partners, to deliver near-term rare-earth production from their on-going mining operations.\n\n\n \nMedallion is also testing monazite feedstock samples, which have been submitted by heavy-mineral-sands producers, to locate sources of monazite. These could be purchased and processed at a large-scale, strategically located rare-earth separation plant, which Medallion would build, possibly in conjunction with strategic partners.\n\n\n \nLastly, the Company is undertaking sampling and due-diligenc...

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