Matamec Discovers up to 6.48% TREO and 72% + HeavyREO+Y2O3/TREO on the TH Showing
MONTREAL, QUEBEC -- (Marketwire) -- 09/20/10 -- Matamec Explorations Inc. ('Matamec' or the 'Company')(TSX VENTURE: MAT) is pleased to announce that continued exploration on its TH showing has lead to a significant increase of its overall size. The best reported values are 6.48% TREO, 3.32% ZrO2 and up to 72% + HeavyREO Y2O3/TREO on certain samples.
Located in the north section of the Zeus property (Figure 1), the TH showing was discovered in 2008 following the acquisition of an unpublished helicopter radiometric survey. The showing consists of a series of granitoid gneiss outcrops oriented north-south, all enriched in rare earths, yttrium and zirconium. In addition, the showing is located within a soil anomaly measuring more than 700m north-south by 200m east-west.
Samples collected during the 2010 campaign underscore the significant enrichment of this showing (Table 1 and Figure 2). Traverses outside the main 2008 showing area also led to the discovery of two new sub-outcropping areas enriched in rare earths-yttrium-zirconium, adding more than 300m to the showing's north-east extension (Figure 2).
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Table 1. 2010 hand samples on the TH showing,
in %
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HREO +
Sample LREO MREO HREO Y2O3 HREO + Y2O3 TREO ZrO2
Y2O3 /TREO
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Light Medium Heavy
rare rare rare Yttrium % Total rare Zirconium
earths earths earths earths
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Central Zone
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FF181 5.443 0.487 0.182 0.368 0.550 8 6.480 2.283
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FF28 2.525 0.253 0.190 0.410 0.600 17 3.378 1.486
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FF29B 2.384 0.213 0.157 0.361 0.518 16 3.115 0.909
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FF27 1.578 0.221 0.325 0.707 1.032 35 2.831 3.039
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FF29C 1.566 0.188 0.166 0.372 0.538 23 2.292 1.143
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FF180 1.023 0.178 0.223 0.537 0.760 38 1.961 1.109
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FF29A 0.951 0.148 0.197 0.471 0.668 37 1.767 0.828
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FF178 0.626 0.093 0.141 0.348 0.489 39 1.209 0.407
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FF179 0.523 0.065 0.093 0.232 0.325 35 0.913 0.307
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FF26 0.250 0.034 0.048 0.100 0.148 33 0.432 0.823
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North Zone
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JR335 1.469 0.162 0.159 0.344 0.503 23 2.134 0.962
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FF24 0.333 0.096 0.343 0.789 1.131 72 1.560 1.472
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FF25A 1.279 0.093 0.047 0.099 0.146 9 1.519 0.466
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FF25B 1.301 0.081 0.031 0.066 0.096 6 1.478 0.362
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JR339 0.953 0.101 0.074 0.126 0.200 16 1.254 0.785
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JR340 0.704 0.067 0.057 0.119 0.176 18 0.948 0.579
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JR331B 0.378 0.070 0.113 0.263 0.376 45 0.824 0.721
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FF182 0.703 0.038 0.023 0.024 0.048 6 0.789 0.114
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FF22 0.540 0.036 0.068 0.138 0.206 25 0.782 3.323
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JR338 0.403 0.053 0.066 0.137 0.203 30 0.659 0.438
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FF23 0.320 0.031 0.107 0.182 0.289 44 0.641 3.201
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JR341 0.354 0.039 0.040 0.093 0.133 24 0.526 0.289
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JR334 0.360 0.032 0.043 0.077 0.119 23 0.511 0.956
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JR333 0.301 0.036 0.054 0.118 0.173 33 0.510 0.754
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JR328 0.243 0.035 0.070 0.146 0.217 43 0.495 0.290
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JR331 0.100 0.011 0.014 0.029 0.043 27 0.154 0.151
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JR329 0.100 0.011 0.014 0.029 0.043 27 0.154 0.151
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JR337 0.077 0.011 0.016 0.032 0.048 35 0.135 0.367
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JR336 0.051 0.009 0.015 0.036 0.052 45 0.112 0.145
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(i) LREO: Light rare earths in oxides = La2O3 to Nd2O3.
MREO: Medium rare earths in oxides = Sm2O3 to Gd2O3
HREO: Heavy rare earths in oxides = Tb2O3 to Lu2O3.
TREO: Total Rare Earth Oxides = LREO + MREO + HREO + Y2O3
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N.B.: Sub-divisions used by Roskill Information Services Ltd. and Industrial
Minerals Company of Australia Pty Ltd.
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The 2010 campaign also included mechanical stripping of the main TH outcrops and collection of 50 meters of channel samples. The table below lists the best channel samples obtained in 2010, with a maximum of 1.19% TREO, 26% HeavyREO+ Y2O3/TREO and 1.18% ZrO2 over 1.9 meters (see Figure 3 for sample locations). This showing is considered open laterally and at depth.
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Table 2. Best channel sampling intervals of the TH showing,
in %
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37, 38,
Sampling interval # 19-20 21-30 40-41 45-46 54-55 58-59
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Length (m) 4.3 9.8 2.1 1.5 2.0 1.9
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La2O3 Lanthanum 0.041 0.052 0.025 0.134 0.041 0.151
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Ce2O3 Cerium 0.105 0.125 0.064 0.387 0.099 0.389
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Pr2O3 Praseodymium 0.013 0.015 0.008 0.051 0.013 0.048
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Nd2O3 Neodymium 0.055 0.062 0.035 0.209 0.053 0.193
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Light rare
LREO(i) earths 0.214 0.254 0.131 0.782 0.206 0.781
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Sm2O3 Samarium 0.016 0.016 0.010 0.051 0.016 0.047
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Eu2O3 Europium 0.002 0.002 0.002 0.006 0.002 0.006
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Gd2O3 Gadolinium 0.019 0.018 0.012 0.053 0.019 0.046
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Medium rare
MREO(i) earths 0.038 0.035 0.024 0.110 0.037 0.099
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Tb2O3 Terbium 0.004 0.003 0.003 0.009 0.004 0.008
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Dy2O3 Dysprosium 0.024 0.022 0.018 0.055 0.026 0.044
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Ho2O3 Holmium 0.005 0.005 0.004 0.011 0.006 0.008
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Er2O3 Erbium 0.013 0.014 0.012 0.028 0.016 0.022
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Tm2O3 Thulium 0.002 0.002 0.002 0.004 0.002 0.003
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Yb2O3 Ytterbium 0.009 0.010 0.008 0.019 0.012 0.015
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Lu2O3 Lutetium 0.001 0.001 0.001 0.002 0.001 0.002
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Heavy rare
HREO(i) earths 0.057 0.056 0.048 0.128 0.068 0.103
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Y2O3 Yttrium 0.133 0.130 0.116 0.279 0.180 0.212
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HREO + Y2O3 0.191 0.186 0.164 0.407 0.248 0.315
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HREO + Y2O3
/TREO % 43 39 51 31 50 26
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Total rare
TREO(i) earths 0.442 0.476 0.319 1.299 0.491 1.194
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ZrO2 Zirconium 0.355 0.743 0.529 0.717 0.784 1.180
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(i) LREO: Light rare earths in oxides = La2O3 to Nd2O3.
MREO: Medium rare earths in oxides = Sm2O3 to Gd2O3.
HREO: Heavy rare earths in oxides = Tb2O3 to Lu2O3.
TREO: Total Rare Earth Oxides = LREO + MREO + HREO + Y2O3
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N.B.: Sub-divisions used by Roskill Information Services Ltd. and
Industrial Minerals Company of Australia Pty Ltd.
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Andre Gauthier, president of Matamec, underlines that 'while less spectacular than the Surprise showing, the TH showing does cover a large surface area. There is therefore a significant probability of finding an important volume of potentially economic mineralization in this spot.'
This is the fourth set of results released from Matamec's 2010 exploration campaign on its rare earths-yttrium-zirconium Zeus property, which covers much of the Kipawa Alkalic Complex. As well as the TH showing, the 2010 campaign included the Surprise showing (see August 19th, August 26th and September 2nd, 2010 press releases) and the Falaises showing and ended with a 2000m drilling campaign on the Kipawa deposit. Once all results are received, hand samples of the showings will be examined by Anthony Mariano, PhD, who will identify the mineral species containing the rare earths, yttrium, zirconium, niobium and tantalum values.
Alex Knox, geologist (P. Geol), and Aline Leclerc, geologist (OGQ) and Vice-President Exploration of Matamec, are qualified persons for the Zeus Project. As qualified persons, they have supervised the preparation of the scientific and technical information for the Zeus property and verified the data in this press release.
About Matamec
Matamec explores for significant gold deposits in the Timmins mining camp in Ontario of which the Matheson JV property with Goldcorp Canada Ltd. and Goldcorp Inc. is the main target. In Quebec. the Company explores for precious and base metals on its Sakami, Valmont and Vulcain properties. As well, Matamec is exploring for gold together with Northern Superior Resources Inc. on its Leperance/Wachigabau property.
Concurrently with the above mentioned exploration programs, Matamec's Quebec Tansim property is also being explored for rare metals such as lithium, tantalum and niobium.
Maps are available at the following addresses:
Figure 1. Zeus Property: http://file.marketwire.com/release/mata_fig1.pdf
Figure 2. Hand Samples, TH Showing 2010: http://file.marketwire.com/release/mata_fig2.pdf
Figure 3. Channel Samples, TH Showing 2010: http://file.marketwire.com/release/mata_fig3.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:
Matamec Explorations Inc.
Andre Gauthier
President
514-844-5252
info@matamec.com
www.matamec.com