Matamec Announces the Discovery of Three New Showings on the Zeus Property
25.04.2013 | Marketwire
MONTREAL, QUEBEC -- (Marketwired) -- 04/25/13 -- Matamec Explorations Inc. ("Matamec") (TSX VENTURE: MAT)(OTCQX: MHREF) is pleased to announce the discovery of three new showings (Certitude Nord, Makwa and Pakwa) on the Zeus property in addition to the PS Zone which was communicated last week in a press release, April 18, 2013. Now the property contains twelve heavy rare earth showings, some of them with Niobium and Tantalum. See annexed geological figure. Annexed table shows all results higher than 0.5% TREO.
Highlights of the three new showings are as follows:
Certitude Nord showing:
-- Located 2 km north of Certitude showing, has returned a grade as high as
5.36% TREO, 2.21% Y2O3, 9.42% ZrO2 and 4.191% Nb2O5 on grab samples.
Manual stripping on Certitude Nord has returned intercepts of 0.24% TREO
at 32% HREO/TREO, 0.06% Y2O3 and 1.26% ZrO2 on 11.1m, of 0.31% TREO at
29% HREO/TREO, 0.06%Y2O3 and 0.59% ZrO2 on 0.8m and 0.29% TREO at 46%
HREO/TREO, 0.09% Y2O3 and 1.72% ZrO2 on 1.1m.
Makwa showing:
-- Located 2.3 km north of Surprise Nord showing, has returned a grade as
high as greater than 15.95% TREO, 1.32% Y2O3, 0.24% Dy2O3, 3.13% Nd2O3
and 11.53% ZrO2 on grab samples.
Pakwa showing:
-- Located 2.5 km north of Falaise showing, has returned a grade as high as
greater than 15.53% TREO, 2.10% Y2O3, 0.25% Dy2O3, 3.0% Nd2O3, 8.59%
ZrO2 and 1.53% Nb2O5 on grab samples.
"Matamec's exploration team continues to deliver positive results with the discovery of three new showings on the Zeus property," said Andre Gauthier, President and CEO of Matamec Explorations. "I am pleased to report to shareholders the Company is advancing on all fronts as we execute our strategy of becoming the next global heavy rare earth producer outside of China."
Also, fall 2012 prospecting has allowed identifying several sites for stripping. Stripping was conducted from December 3 to 14, 2012 on some of these sites. Thus, three strippings were made on the Pakwa showing and three others on Surprise Ouest showing. The Pakwa showing is composed by peralkaline granite, syenite, marble and syenitic to granitic pegmatite. Rare earth minerals have to be identified. The three strippings on the Pakwa showing were channelled. All samples have been sent to ALS-Chemex laboratory and the results will be released at a later date. Stripping from Surprise Ouest will be channelled this spring.
In addition, Tony Mariano's team is still studying the mineralogy of all these showings. Aline Leclerc, VP Exploration (Geo.), is Matamec's Qualified Person for this press release.
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LREO(i) IREO(ii) HREO(iii) Y2O3 TREO(iv)
-----------------------------------------------------------
% % % % %
-----------------------------------------------------------
Light Heavy
Rare Intermediate Rare Total
Sample Nature Earth Rare Earth Earth Yttrium Rare Earth
--------------------------------------------------------------------------
Certitude Nord Showing
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BM030 outcrop 4.926 0.163 0.091 0.177 5.357
--------------------------------------------------------------------------
DM042 outcrop 0.285 0.299 1.546 2.209 4.339
--------------------------------------------------------------------------
DM023 outcrop 7.167 0.165 0.045 0.085 7.462
--------------------------------------------------------------------------
DM024 boulder 2.479 0.110 0.071 0.154 2.813
--------------------------------------------------------------------------
DM028 outcrop 2.302 0.076 0.034 0.084 2.496
--------------------------------------------------------------------------
DM029 outcrop 1.872 0.090 0.045 0.098 2.105
--------------------------------------------------------------------------
BM032 outcrop 1.727 0.106 0.057 0.082 1.972
--------------------------------------------------------------------------
DM039 outcrop 1.229 0.141 0.165 0.459 1.995
--------------------------------------------------------------------------
DM026 outcrop 1.159 0.082 0.060 0.126 1.428
--------------------------------------------------------------------------
BM0025 outcrop 0.993 0.060 0.025 0.050 1.127
--------------------------------------------------------------------------
BM0023 outcrop 0.839 0.079 0.126 0.239 1.283
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Angular
DM017 boulder 0.787 0.073 0.127 0.239 1.225
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DM007 outcrop 0.650 0.050 0.069 0.171 0.940
--------------------------------------------------------------------------
DB057 outcrop 0.638 0.034 0.058 0.070 0.799
--------------------------------------------------------------------------
BM0026 outcrop 0.638 0.028 0.051 0.100 0.817
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DM056 outcrop 0.575 0.032 0.051 0.063 0.721
--------------------------------------------------------------------------
DM013 outcrop 0.562 0.026 0.026 0.051 0.664
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DM034 outcrop 0.504 0.041 0.052 0.106 0.703
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DM008 outcrop 0.388 0.065 0.106 0.281 0.840
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DM054 outcrop 0.472 0.031 0.045 0.064 0.612
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DM045 outcrop 0.281 0.024 0.061 0.127 0.492
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DM043 outcrop 0.251 0.023 0.040 0.088 0.401
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DM048 outcrop 0.183 0.016 0.044 0.071 0.314
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DM051 boulder 0.093 0.024 0.077 0.185 0.379
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DM053 outcrop 0.148 0.005 0.032 0.057 0.242
--------------------------------------------------------------------------
DM038 outcrop 0.039 0.011 0.094 0.187 0.331
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DM041 outcrop 0.036 0.016 0.082 0.188 0.321
--------------------------------------------------------------------------
DM016 outcrop 0.100 0.009 0.007 0.012 0.128
--------------------------------------------------------------------------
DM044 outcrop 0.075 0.005 0.034 0.063 0.178
--------------------------------------------------------------------------
DM050 outcrop 0.012 0.002 0.016 0.029 0.059
--------------------------------------------------------------------------
-----------------------------------------------------------
HREO +
Y2O3 on
TREO ZrO2 Nb2O5 Ta2O5
----------------------------------------------------
% % % %
----------------------------------------------------
Sample Zirconium Niobium Tantalum
-----------------------------------------------------------
Certitude Nord Showing
-----------------------------------------------------------
BM030 5.0 1.162 0.095 0.004
-----------------------------------------------------------
DM042 86.5 0.434 4.191 0.156
-----------------------------------------------------------
DM023 1.7 0.132 0.003 0.000
-----------------------------------------------------------
DM024 8.0 0.284 0.054 0.004
-----------------------------------------------------------
DM028 4.7 0.015 0.002 0.000
-----------------------------------------------------------
DM029 6.8 1.878 0.011 0.001
-----------------------------------------------------------
BM032 7.1 0.142 0.036 0.002
-----------------------------------------------------------
DM039 31.3 5.622 0.050 0.005
-----------------------------------------------------------
DM026 13.1 1.226 0.020 0.003
-----------------------------------------------------------
BM0025 6.6 0.235 0.004 0.000
-----------------------------------------------------------
BM0023 28.5 3.919 0.358 0.019
-----------------------------------------------------------
DM017 29.8 4.365 0.097 0.008
-----------------------------------------------------------
DM007 25.5 3.527 0.023 0.002
-----------------------------------------------------------
DB057 15.9 1.568 0.057 0.009
-----------------------------------------------------------
BM0026 18.4 6.473 0.038 0.003
-----------------------------------------------------------
DM056 15.9 2.068 0.044 0.007
-----------------------------------------------------------
DM013 11.6 0.312 0.010 0.001
-----------------------------------------------------------
DM034 22.5 0.082 0.051 0.003
-----------------------------------------------------------
DM008 46.1 0.842 0.074 0.005
-----------------------------------------------------------
DM054 17.7 3.324 0.003 0.001
-----------------------------------------------------------
DM045 38.2 3.297 0.009 0.001
-----------------------------------------------------------
DM043 31.8 2.595 0.005 0.000
-----------------------------------------------------------
DM048 36.7 2.230 0.021 0.004
-----------------------------------------------------------
DM051 69.0 2.878 0.018 0.005
-----------------------------------------------------------
DM053 36.8 4.581 0.004 0.000
-----------------------------------------------------------
DM038 84.9 9.419 0.014 0.004
-----------------------------------------------------------
DM041 84.0 2.689 0.007 0.001
-----------------------------------------------------------
DM016 14.8 0.061 0.486 0.075
-----------------------------------------------------------
DM044 54.8 2.203 0.005 0.000
-----------------------------------------------------------
DM050 77.3 1.811 0.003 0.000
-----------------------------------------------------------
----------------------------------------------------------------------------
Length LREO(i) IREO(ii) HREO(iii) Y2O3 TREO(iv)
-------------------------------------------------------------------
m % % % % %
-------------------------------------------------------------------
Light
Rare Intermediate Heavy Total
Name Earth Rare Earth Rare Earth Yttrium Rare Earth
----------------------------------------------------------------------------
Certitude Nord Showing
----------------------------------------------------------------------------
Rainure 1 11.1 0.150 0.012 0.022 0.055 0.240
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including 0.8 0.552 0.035 0.050 0.156 0.792
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Rainure 2 0.8 0.203 0.015 0.029 0.061 0.308
----------------------------------------------------------------------------
Rainure 3 1.1 0.142 0.017 0.045 0.090 0.293
----------------------------------------------------------------------------
including 0.5 0.174 0.023 0.065 0.143 0.404
----------------------------------------------------------------------------
-------------------------------------------------
HREO +
Y2O3 on
TREO ZrO2 Nb2O5
----------------------------------------
% % %
----------------------------------------
Name Zirconium Niobium
-------------------------------------------------
Certitude Nord Showing
-------------------------------------------------
Rainure 1 32.4 1.261 0.017
-------------------------------------------------
including 25.9 0.757 0.023
-------------------------------------------------
Rainure 2 29.1 0.592 0.013
-------------------------------------------------
Rainure 3 45.9 1.720 0.008
-------------------------------------------------
including 51.4 1.08 0.006
-------------------------------------------------
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Sample Nature LREO(i) IREO(ii) HREO(iii) Y2O3 TREO(iv)
----------------------------------------------------------
% % % % %
----------------------------------------------------------
Light
Rare Intermediate Heavy Rare Total Rare
Earth Rare Earth Earth Yttrium Earth
----------------------------------------------------------------------------
Makwa Showing
----------------------------------------------------------------------------
greater
than greater than
BM015 boulder 14.102 0.677 0.354 0.815 15.947
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greater
than greater than
JR0022B outcrop 11.624 0.446 0.225 0.411 12.705
----------------------------------------------------------------------------
greater
than greater than
JR0027 outcrop 3.155 0.102 0.079 0.163 3.498
----------------------------------------------------------------------------
JR0025 outcrop 8.528 0.607 0.600 1.316 11.052
----------------------------------------------------------------------------
SSD010 boulder 8.167 0.530 0.474 0.981 10.153
----------------------------------------------------------------------------
JR0022 outcrop 5.196 0.279 0.246 0.535 6.256
----------------------------------------------------------------------------
BM014 outcrop 3.340 0.099 0.056 0.116 3.611
----------------------------------------------------------------------------
BM016 outcrop 2.895 0.095 0.042 0.079 3.111
----------------------------------------------------------------------------
JR0026 outcrop 2.379 0.054 0.033 0.065 2.531
----------------------------------------------------------------------------
SSD014 outcrop 1.675 0.126 0.165 0.451 2.417
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Pakwa Showing
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greater
than greater than
JR0038 outcrop 13.568 0.755 0.371 0.832 15.526
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greater
than greater than
JR0040 boulder 12.210 0.604 0.344 0.890 14.048
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JR0039 outcrop 6.590 0.584 0.701 2.095 9.970
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GTSP-009 outcrop 4.999 0.364 0.332 0.772 6.466
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JR0042 outcrop 3.073 0.337 0.571 1.392 5.373
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DM083-1 outcrop 3.079 0.214 0.559 1.487 5.339
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JR047 outcrop 4.046 0.094 0.055 0.128 4.195
----------------------------------------------------------------------------
GTSP-010 outcrop 1.726 0.274 0.553 1.348 3.901
----------------------------------------------------------------------------
DM081 outcrop 2.518 0.171 0.143 0.310 3.142
----------------------------------------------------------------------------
GTSP-005 boulder 2.861 0.105 0.033 0.107 3.106
----------------------------------------------------------------------------
DM082 outcrop 1.626 0.069 0.083 0.177 1.955
----------------------------------------------------------------------------
JR0049 outcrop 1.094 0.102 0.114 0.263 1.574
----------------------------------------------------------------------------
DM078 outcrop 0.139 0.125 0.641 0.606 1.512
----------------------------------------------------------------------------
DM077-2 outcrop 0.366 0.108 0.461 0.437 1.372
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DM077-1 outcrop 0.872 0.105 0.188 0.200 1.365
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GTSP-007 outcrop 0.365 0.067 0.243 0.271 0.946
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GTSP-011-2 outcrop 0.445 0.029 0.032 0.069 0.575
----------------------------------------------------------------------------
--------------------------------------------------------------
HREO +
Y2O3 on
Sample TREO ZrO2 Nb2O5 Ta2O5
----------------------------------------------------
% % % %
----------------------------------------------------
Zirconium Niobium Tantalum
--------------------------------------------------------------
Makwa Showing
--------------------------------------------------------------
BM015 less than 7.3 0.049 0.179 0.007
--------------------------------------------------------------
JR0022B less than 5.0 0.071 0.103 0.003
--------------------------------------------------------------
JR0027 less than 6.9 0.049 0.025 0.001
--------------------------------------------------------------
JR0025 17.3 0.121 0.040 0.002
--------------------------------------------------------------
SSD010 14.3 0.059 0.075 0.003
--------------------------------------------------------------
JR0022 12.5 0.157 0.034 0.001
--------------------------------------------------------------
BM014 4.8 0.131 0.052 0.003
--------------------------------------------------------------
BM016 3.9 0.311 0.042 0.002
--------------------------------------------------------------
JR0026 3.9 0.053 0.011 0.000
--------------------------------------------------------------
SSD014 25.5 11.527 0.006 0.004
--------------------------------------------------------------
Pakwa Showing
--------------------------------------------------------------
JR0038 less than 7.8 0.008 0.066 0.001
--------------------------------------------------------------
JR0040 less than 8.8 0.011 0.028 0.001
--------------------------------------------------------------
JR0039 28.0 0.009 0.153 0.003
--------------------------------------------------------------
GTSP-009 17.1 0.006 0.023 0.005
--------------------------------------------------------------
JR0042 36.5 8.581 0.338 0.017
--------------------------------------------------------------
DM083-1 38.3 2.027 0.668 0.014
--------------------------------------------------------------
JR047 4.2 0.193 0.003 0.000
--------------------------------------------------------------
GTSP-010 48.7 1.145 0.887 0.019
--------------------------------------------------------------
DM081 14.4 3.230 0.071 0.004
--------------------------------------------------------------
GTSP-005 4.5 0.173 0.024 0.000
--------------------------------------------------------------
DM082 13.3 0.014 0.004 0.000
--------------------------------------------------------------
JR0049 24.0 0.284 0.047 0.002
--------------------------------------------------------------
DM078 82.5 3.676 1.531 0.066
--------------------------------------------------------------
DM077-2 65.4 0.908 1.173 0.047
--------------------------------------------------------------
DM077-1 28.4 2.270 0.265 0.019
--------------------------------------------------------------
GTSP-007 54.3 1.554 0.571 0.025
--------------------------------------------------------------
GTSP-011-2 17.6 0.036 0.034 0.000
--------------------------------------------------------------
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(i) Light Rare Earth, in oxides (LREO) = La2O3 to Nd2O3, (ii) Intermediate
Rare Earth, in oxides (IREO) =Sm2O3 to Gd2O3, (iii) Heavy Rare Earth, in
oxides (HREO) = Tb2O3 to Lu2O3, (iv) Y2O3 included in TREO. N.B. : Sub-
division used by Roskill Information Services Ltd, and Industrial Minerals
Company of Australia Pty Ltd. greater than : Assay Results higher than
overlimits.
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----------------------------------------------------------------------------
Dy2O3 Nd2O3 Tb2O3 Y2O3 Eu2O3
----------------------------------------------------------------------------
% % % % %
----------------------------------------------------------------------------
Sample Nature Dysprosium Neodymium Terbium Yttrium Europium
----------------------------------------------------------------------------
Pakwa Showing
----------------------------------------------------------------------------
JR0039 outcrop 0.253 1.493 0.041 2.095 0.033
----------------------------------------------------------------------------
DM078 outcrop 0.206 0.056 0.022 0.606 0.007
----------------------------------------------------------------------------
JR0042 outcrop 0.201 0.693 0.026 1.392 0.018
----------------------------------------------------------------------------
GTSP-010 outcrop 0.184 0.449 0.024 1.348 0.015
----------------------------------------------------------------------------
DM083-1 outcrop 0.172 0.509 0.021 1.487 0.015
----------------------------------------------------------------------------
DM077-2 outcrop 0.162 0.099 0.018 0.437 0.006
----------------------------------------------------------------------------
JR0038 outcrop 0.161 3.103 0.031 0.832 0.042
----------------------------------------------------------------------------
JR0040 boulder 0.149 2.449 0.026 0.890 0.031
----------------------------------------------------------------------------
GTSP-009 outcrop 0.136 0.962 0.024 0.772 0.020
----------------------------------------------------------------------------
GTSP-007 outcrop 0.070 0.081 0.010 0.271 0.003
----------------------------------------------------------------------------
DM077-1 outcrop 0.058 0.212 0.009 0.200 0.005
----------------------------------------------------------------------------
DM081 outcrop 0.053 0.569 0.010 0.310 0.009
----------------------------------------------------------------------------
JR0049 outcrop 0.047 0.240 0.008 0.263 0.007
----------------------------------------------------------------------------
DM082 outcrop 0.029 0.250 0.005 0.177 0.004
----------------------------------------------------------------------------
JR047 outcrop 0.021 0.604 0.004 0.128 0.006
----------------------------------------------------------------------------
GTSP-005 boulder 0.017 0.476 0.004 0.107 0.006
----------------------------------------------------------------------------
GTSP-
011-2 outcrop 0.012 0.082 0.002 0.069 0.002
----------------------------------------------------------------------------
Makwa Showing
----------------------------------------------------------------------------
JR0025 outcrop 0.235 1.907 0.038 1.316 0.036
----------------------------------------------------------------------------
SSD010 boulder 0.190 1.674 0.031 0.981 0.032
----------------------------------------------------------------------------
BM015 boulder 0.151 3.126 0.031 0.815 0.036
----------------------------------------------------------------------------
JR0022B outcrop 0.101 2.012 0.019 0.411 0.022
----------------------------------------------------------------------------
JR0022 outcrop 0.100 0.900 0.017 0.535 0.014
----------------------------------------------------------------------------
SSD014 outcrop 0.058 0.308 0.009 0.451 0.007
----------------------------------------------------------------------------
JR0027 outcrop 0.031 0.433 0.005 0.163 0.006
----------------------------------------------------------------------------
BM014 outcrop 0.023 0.483 0.005 0.116 0.006
----------------------------------------------------------------------------
BM016 outcrop 0.019 0.468 0.004 0.079 0.005
----------------------------------------------------------------------------
JR0026 outcrop 0.014 0.301 0.003 0.065 0.003
----------------------------------------------------------------------------
Certitude Nord Showing
----------------------------------------------------------------------------
DM042 outcrop 0.485 0.131 0.051 2.209 0.019
----------------------------------------------------------------------------
DM039 outcrop 0.062 0.275 0.012 0.459 0.009
----------------------------------------------------------------------------
BM0023 outcrop 0.047 0.164 0.007 0.239 0.005
----------------------------------------------------------------------------
angular
DM017 boulder 0.042 0.168 0.006 0.239 0.004
----------------------------------------------------------------------------
BM030 outcrop 0.039 0.781 0.008 0.177 0.010
----------------------------------------------------------------------------
DM008 outcrop 0.035 0.094 0.006 0.281 0.005
----------------------------------------------------------------------------
DM024 boulder 0.030 0.457 0.006 0.154 0.006
----------------------------------------------------------------------------
DM051 boulder 0.026 0.018 0.004 0.185 0.001
----------------------------------------------------------------------------
BM032 outcrop 0.026 0.342 0.005 0.082 0.007
----------------------------------------------------------------------------
DM041 outcrop 0.025 0.008 0.003 0.188 0.001
----------------------------------------------------------------------------
DM026 outcrop 0.024 0.247 0.005 0.126 0.006
----------------------------------------------------------------------------
DM007 outcrop 0.022 0.138 0.003 0.171 0.003
----------------------------------------------------------------------------
DM023 outcrop 0.021 1.133 0.005 0.085 0.008
----------------------------------------------------------------------------
DM038 outcrop 0.021 0.007 0.002 0.187 0.001
----------------------------------------------------------------------------
DM034 outcrop 0.020 0.105 0.003 0.106 0.002
----------------------------------------------------------------------------
DM029 outcrop 0.018 0.377 0.004 0.098 0.004
----------------------------------------------------------------------------
DB057 outcrop 0.017 0.114 0.003 0.070 0.002
----------------------------------------------------------------------------
DM045 outcrop 0.017 0.050 0.002 0.127 0.001
----------------------------------------------------------------------------
DM028 outcrop 0.017 0.377 0.003 0.084 0.005
----------------------------------------------------------------------------
DM056 outcrop 0.015 0.099 0.002 0.063 0.002
----------------------------------------------------------------------------
DM043 outcrop 0.013 0.048 0.002 0.088 0.001
----------------------------------------------------------------------------
BM0026 outcrop 0.013 0.107 0.002 0.100 0.001
----------------------------------------------------------------------------
DM048 outcrop 0.012 0.036 0.002 0.071 0.001
----------------------------------------------------------------------------
DM054 outcrop 0.012 0.087 0.002 0.064 0.002
----------------------------------------------------------------------------
BM0025 outcrop 0.011 0.202 0.002 0.050 0.003
----------------------------------------------------------------------------
DM013 outcrop 0.009 0.096 0.002 0.051 0.001
----------------------------------------------------------------------------
DM044 outcrop 0.007 0.012 0.001 0.063 0.000
----------------------------------------------------------------------------
DM053 outcrop 0.005 0.020 0.001 0.057 0.000
----------------------------------------------------------------------------
DM016 outcrop 0.003 0.026 0.001 0.012 0.001
----------------------------------------------------------------------------
DM050 outcrop 0.003 0.002 0.000 0.029 0.000
----------------------------------------------------------------------------
About Matamec
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan. Following the positive conclusion of the PEA study filed on SEDAR in March 2012, Matamec and TRECan decided to move directly to the feasibility study currently in process and expected to be completed by the end of the second quarter 2013. The PEA study highlighted that the project has robust economics such as: $606 million before-tax value (NPV8%), a 36.9% before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a before-tax payback period of 2.4 years, etc. (see press release dated January 30, 2012). Resources that are not mineral reserves do not have demonstrated economic viability.
In parallel, the Company is exploring more than 35km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins, Ontario.
In Quebec, the Company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. As well, it is exploring for gold together with Northern Superior Resources Inc. on the Wachigabau property.
A figure is available at the following address: http://media3.marketwire.com/docs/mata-eng.pdf
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Andre Gauthier
President
(514) 844-5252
514-844-0550 (FAX)
info@matamec.com
www.matamec.com
Edward Miller
Director IR
(514) 844-5252 ext. 205
514-844-0550 (FAX)
edward.miller@matamec.com