Matamec's Zeus Property Drilling Results Show Significant High Grade Rare Earth Potential Outside the Kipawa Deposit
18 April 2013 - 9:00PM
Marketwired
Matamec Explorations Inc. ("Matamec") (TSX VENTURE:MAT) is pleased
to announce that the Zeus property shows significant high grade
rare earth potential outside the Kipawa deposit in Temiscaming,
Quebec. Company provides 2012 drilling results.
2012 Drilling Highlights
-- Assays results for fifteen (15) drill holes from 2012 diamond drilling
campaign on PS zone, a heavy rare earths-Y-Zr showing located at 2.7 km
South-East of Kipawa deposit on Zeus property are disclosed in table 1
"Matamec is very pleased with the significant high grade of rare
earth potential on the Zeus property," said Andre Gauthier,
President and CEO of Matamec Explorations. "As the Kipawa deposit
is close to completing its feasibility study at the end of June,
Matamec's exploration team has positioned the Company for the next
major phase of growth. "
PS zone drilling
Drilling campaign took place between October 10th to 22nd, 2012
and 1,420 meters were drilled. These diamond drill holes have
crosscut typical Kipawa deposit syenite. Syenite has a minimal
thickness of 100 meters with a low angle dip like the deposit
around 25 to 30 degrees towards SSW. All drill holes show the same
Kipawa deposit rare earth minerals as eudialyte, mosandrite and
britholite (see press release, October 30th, 2012). These fifteen
(15) drill holes have been drilled on 5 sections of 3 drill holes
each and cover 250 meters along the strike of the syenitic
body.
Complete results have been received on all assayed
intersections. Drill holes show one to three mineralized zones
similar to Kipawa deposit zones. The zones thickness can reach
17.25 meters (see Table 1).
These zones are open laterally and at depth. The deeper four (4)
drill holes have crosscut zones at less than 90 meters vertically
and zones are still open. Laterally to the East, the zones are
aligned toward PB zone discovered by Unocal in 1990 and to the
West, geochemical soil anomalies connect them to the Kipawa
deposit.
Table 1: Complete assay results 2012 PS zone drilling campaign:
Rare Earth Zones, 0.05% Y2O3 cut-off (0.1% Y2O3 cut-off in
bold)
----------------------------------------------------------------------------
Hole PS-12-01
----------------------------------------------------------------------------
From 5.60 including 8.40 18.50 25.00 including 26.50
-------------------- ------------------------ --------
To 13.25 13.25 22.10 40.00 31.50
-------------------- ------------------------ --------
Length (m) 7.65 4.85 3.60 15.00 5.00
-------------------- ------------------------ --------
La2O3 0.072 0.092 0.101 0.073 0.141
-------------------- ------------------------ --------
CeO2 0.172 0.219 0.212 0.181 0.360
-------------------- ------------------------ --------
Pr2O3 0.020 0.025 0.023 0.021 0.043
-------------------- ------------------------ --------
Nd2O3 0.078 0.098 0.084 0.080 0.160
-------------------- ------------------------ --------
Sm2O3 0.016 0.021 0.019 0.017 0.035
-------------------- ------------------------ --------
Eu2O3 0.002 0.003 0.003 0.002 0.004
-------------------- ------------------------ --------
Gd2O3 0.017 0.021 0.021 0.016 0.033
-------------------- ------------------------ --------
Tb2O3 0.003 0.004 0.004 0.003 0.006
-------------------- ------------------------ --------
Dy2O3 0.020 0.024 0.027 0.021 0.041
-------------------- ------------------------ --------
Ho2O3 0.004 0.005 0.006 0.005 0.009
-------------------- ------------------------ --------
Er2O3 0.013 0.016 0.019 0.014 0.027
-------------------- ------------------------ --------
Tm2O3 0.002 0.002 0.003 0.002 0.004
-------------------- ------------------------ --------
Yb2O3 0.011 0.013 0.017 0.013 0.022
-------------------- ------------------------ --------
Lu2O3 0.001 0.002 0.002 0.002 0.003
-------------------- ------------------------ --------
Y2O3 0.131 0.159 0.167 0.122 0.222
-------------------- ------------------------ --------
LREO 0.342 0.434 0.420 0.355 0.704
-------------------- ------------------------ --------
IREO 0.035 0.044 0.042 0.035 0.072
-------------------- ------------------------ --------
HREO 0.054 0.066 0.078 0.060 0.112
-------------------- ------------------------ --------
TREO+Y2O3 0.562 0.703 0.708 0.572 1.109
-------------------- ------------------------ --------
HREO/TREO% 32.9 32.0 34.7 31.8 30.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole PS-12-02 PS-12-03
----------------------------------------------------------------------------
From 13.75 21.00 13.00 21.65 including 21.65 54.70
------------------------------------------------ ----------------
To 17.35 26.00 17.85 38.90 25.35 62.15
------------------------------------------------ ----------------
Length (m) 3.60 5.00 4.85 17.25 3.70 7.45
------------------------------------------------ ----------------
La2O3 0.037 0.095 0.027 0.088 0.061 0.047
------------------------------------------------ ----------------
CeO2 0.074 0.219 0.061 0.178 0.143 0.107
------------------------------------------------ ----------------
Pr2O3 0.008 0.024 0.008 0.020 0.018 0.013
------------------------------------------------ ----------------
Nd2O3 0.031 0.094 0.032 0.075 0.074 0.045
------------------------------------------------ ----------------
Sm2O3 0.007 0.020 0.007 0.015 0.018 0.010
------------------------------------------------ ----------------
Eu2O3 0.001 0.003 0.001 0.002 0.002 0.001
------------------------------------------------ ----------------
Gd2O3 0.008 0.021 0.007 0.013 0.018 0.010
------------------------------------------------ ----------------
Tb2O3 0.001 0.004 0.001 0.002 0.003 0.002
------------------------------------------------ ----------------
Dy2O3 0.009 0.026 0.009 0.015 0.021 0.012
------------------------------------------------ ----------------
Ho2O3 0.002 0.006 0.002 0.003 0.004 0.003
------------------------------------------------ ----------------
Er2O3 0.006 0.019 0.007 0.009 0.013 0.010
------------------------------------------------ ----------------
Tm2O3 0.001 0.003 0.001 0.001 0.002 0.002
------------------------------------------------ ----------------
Yb2O3 0.006 0.017 0.007 0.008 0.009 0.010
------------------------------------------------ ----------------
Lu2O3 0.001 0.002 0.001 0.001 0.001 0.001
------------------------------------------------ ----------------
Y2O3 0.059 0.166 0.087 0.088 0.138 0.083
------------------------------------------------ ----------------
LREO 0.150 0.433 0.128 0.361 0.296 0.212
------------------------------------------------ ----------------
IREO 0.015 0.044 0.016 0.030 0.038 0.021
------------------------------------------------ ----------------
HREO 0.027 0.076 0.028 0.039 0.054 0.039
------------------------------------------------ ----------------
TREO+Y2O3 0.251 0.719 0.258 0.519 0.525 0.355
------------------------------------------------ ----------------
HREO/TREO% 34.2 33.6 44.6 24.6 36.5 34.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole PS-12-04 PS-12-05 PS-12-06
----------------------------------------------------------------------------
From 42.30 61.05 52.15 including 53.15 42.45
------------------------------------------ --------------------
To 47.90 63.70 57.00 55.80 47.75
------------------------------------------ --------------------
Length (m) 5.60 2.65 4.85 2.65 5.30
------------------------------------------ --------------------
La2O3 0.051 0.032 0.068 0.076 0.027
------------------------------------------ --------------------
CeO2 0.103 0.078 0.159 0.175 0.068
------------------------------------------ --------------------
Pr2O3 0.012 0.009 0.019 0.021 0.008
------------------------------------------ --------------------
Nd2O3 0.043 0.033 0.073 0.080 0.032
------------------------------------------ --------------------
Sm2O3 0.009 0.007 0.016 0.018 0.007
------------------------------------------ --------------------
Eu2O3 0.001 0.001 0.002 0.002 0.001
------------------------------------------ --------------------
Gd2O3 0.009 0.006 0.016 0.019 0.008
------------------------------------------ --------------------
Tb2O3 0.002 0.001 0.003 0.004 0.002
------------------------------------------ --------------------
Dy2O3 0.010 0.008 0.017 0.023 0.010
------------------------------------------ --------------------
Ho2O3 0.002 0.002 0.004 0.005 0.002
------------------------------------------ --------------------
Er2O3 0.007 0.007 0.013 0.019 0.007
------------------------------------------ --------------------
Tm2O3 0.001 0.001 0.002 0.003 0.001
------------------------------------------ --------------------
Yb2O3 0.006 0.007 0.011 0.016 0.007
------------------------------------------ --------------------
Lu2O3 0.001 0.001 0.002 0.002 0.001
------------------------------------------ --------------------
Y2O3 0.061 0.053 0.111 0.159 0.072
------------------------------------------ --------------------
LREO 0.208 0.152 0.318 0.352 0.135
------------------------------------------ --------------------
IREO 0.019 0.014 0.034 0.040 0.016
------------------------------------------ --------------------
HREO 0.028 0.028 0.052 0.071 0.030
------------------------------------------ --------------------
TREO+Y2O3 0.317 0.247 0.515 0.622 0.253
------------------------------------------ --------------------
HREO/TREO% 28.3 32.6 31.7 37.1 40.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole PS-12-07 PS-12-08 PS-12-09
----------------------------------------------------------------------------
From 54.05 including 58.85 49.00 57.25 64.25
---------------------- ----------------------------------------
To 62.25 62.25 52.70 60.50 68.25
---------------------- ----------------------------------------
length (m) 8.20 3.40 3.70 3.25 4.00
---------------------- ----------------------------------------
La2O3 0.040 0.061 0.046 0.060 0.068
---------------------- ----------------------------------------
CeO2 0.098 0.160 0.100 0.126 0.168
---------------------- ----------------------------------------
Pr2O3 0.012 0.020 0.010 0.014 0.020
---------------------- ----------------------------------------
Nd2O3 0.048 0.081 0.036 0.054 0.077
---------------------- ----------------------------------------
Sm2O3 0.012 0.022 0.007 0.012 0.020
---------------------- ----------------------------------------
Eu2O3 0.002 0.003 0.001 0.001 0.003
---------------------- ----------------------------------------
Gd2O3 0.014 0.026 0.007 0.010 0.020
---------------------- ----------------------------------------
Tb2O3 0.003 0.006 0.001 0.002 0.004
---------------------- ----------------------------------------
Dy2O3 0.020 0.040 0.008 0.010 0.026
---------------------- ----------------------------------------
Ho2O3 0.004 0.009 0.002 0.002 0.006
---------------------- ----------------------------------------
Er2O3 0.013 0.027 0.005 0.006 0.018
---------------------- ----------------------------------------
Tm2O3 0.002 0.004 0.001 0.001 0.003
---------------------- ----------------------------------------
Yb2O3 0.012 0.023 0.006 0.006 0.016
---------------------- ----------------------------------------
Lu2O3 0.001 0.003 0.001 0.001 0.002
---------------------- ----------------------------------------
Y2O3 0.131 0.266 0.059 0.060 0.190
---------------------- ----------------------------------------
LREO 0.198 0.322 0.193 0.253 0.333
---------------------- ----------------------------------------
IREO 0.028 0.052 0.016 0.023 0.042
---------------------- ----------------------------------------
HREO 0.056 0.111 0.024 0.027 0.075
---------------------- ----------------------------------------
TREO+Y2O3 0.413 0.750 0.291 0.364 0.640
---------------------- ----------------------------------------
HREO/TREO% 45.3 50.2 28.5 24.0 41.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole PS-12-10 PS-12-11 PS-12-12
----------------------------------------------------------------------------
No zone above
From 2.5m 87.85 55 83.6 33.15 40.35
------------ --------------------------------------------------
To 90.15 62.6 85.8 35.45 45.75
------------ --------------------------------------------------
length (m) 2.30 7.60 2.20 2.30 5.40
------------ --------------------------------------------------
La2O3 0.035 0.055 0.057 0.088 0.061
------------ --------------------------------------------------
CeO2 0.087 0.139 0.153 0.199 0.134
------------ --------------------------------------------------
Pr2O3 0.011 0.017 0.019 0.022 0.015
------------ --------------------------------------------------
Nd2O3 0.045 0.066 0.073 0.083 0.058
------------ --------------------------------------------------
Sm2O3 0.010 0.016 0.017 0.018 0.013
------------ --------------------------------------------------
Eu2O3 0.001 0.002 0.002 0.002 0.002
------------ --------------------------------------------------
Gd2O3 0.008 0.018 0.018 0.019 0.013
------------ --------------------------------------------------
Tb2O3 0.001 0.003 0.004 0.003 0.002
------------ --------------------------------------------------
Dy2O3 0.009 0.024 0.027 0.021 0.015
------------ --------------------------------------------------
Ho2O3 0.002 0.005 0.007 0.004 0.003
------------ --------------------------------------------------
Er2O3 0.006 0.016 0.022 0.014 0.010
------------ --------------------------------------------------
Tm2O3 0.001 0.002 0.004 0.002 0.001
------------ --------------------------------------------------
Yb2O3 0.005 0.014 0.022 0.010 0.008
------------ --------------------------------------------------
Lu2O3 0.001 0.002 0.003 0.001 0.001
------------ --------------------------------------------------
Y2O3 0.050 0.153 0.197 0.136 0.099
------------ --------------------------------------------------
LREO 0.178 0.277 0.302 0.392 0.268
------------ --------------------------------------------------
IREO 0.019 0.036 0.037 0.039 0.028
------------ --------------------------------------------------
HREO 0.025 0.067 0.088 0.055 0.041
------------ --------------------------------------------------
TREO+Y2O3 0.272 0.533 0.623 0.622 0.435
------------ --------------------------------------------------
HREO/TREO% 27.5 41.3 45.7 30.8 32.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole PS-12-13 PS-12-14 PS-12-15
----------------------------------------------------------------------------
From 30.8 47.55 including 47.55 54.8 16.45
-------------------------------- ------------------------------
To 34.35 54 51.25 58.2 27.65
-------------------------------- ------------------------------
length (m) 3.55 6.45 3.70 3.40 11.20
-------------------------------- ------------------------------
La2O3 0.041 0.106 0.119 0.029 0.061
-------------------------------- ------------------------------
CeO2 0.099 0.256 0.299 0.067 0.129
-------------------------------- ------------------------------
Pr2O3 0.012 0.030 0.035 0.007 0.015
-------------------------------- ------------------------------
Nd2O3 0.048 0.120 0.145 0.029 0.059
-------------------------------- ------------------------------
Sm2O3 0.011 0.028 0.035 0.006 0.013
-------------------------------- ------------------------------
Eu2O3 0.001 0.004 0.005 0.001 0.002
-------------------------------- ------------------------------
Gd2O3 0.011 0.031 0.039 0.006 0.013
-------------------------------- ------------------------------
Tb2O3 0.002 0.006 0.007 0.001 0.002
-------------------------------- ------------------------------
Dy2O3 0.013 0.038 0.049 0.008 0.015
-------------------------------- ------------------------------
Ho2O3 0.003 0.008 0.011 0.002 0.003
-------------------------------- ------------------------------
Er2O3 0.008 0.028 0.036 0.006 0.011
-------------------------------- ------------------------------
Tm2O3 0.001 0.004 0.005 0.001 0.001
-------------------------------- ------------------------------
Yb2O3 0.007 0.023 0.030 0.007 0.008
-------------------------------- ------------------------------
Lu2O3 0.001 0.003 0.004 0.001 0.001
-------------------------------- ------------------------------
Y2O3 0.074 0.248 0.318 0.055 0.105
-------------------------------- ------------------------------
LREO 0.200 0.511 0.598 0.133 0.263
-------------------------------- ------------------------------
IREO 0.024 0.063 0.078 0.013 0.027
-------------------------------- ------------------------------
HREO 0.035 0.110 0.142 0.025 0.042
-------------------------------- ------------------------------
TREO+Y2O3 0.333 0.932 1.136 0.226 0.437
-------------------------------- ------------------------------
HREO/TREO% 32.8 38.5 40.4 35.5 33.6
----------------------------------------------------------------------------
LREO = Light Rare Earth = La2O3 to Nd2O3,
IREO = Intermediate Rare Earth = Sm2O3 to Gd2O3,
HREO = Heavy Rare Earth = Tb2O3 to Lu2O3,
TREO = LREO + IREO + HREO + Y2O3.
Matamec PS zone drill holes are oriented at 20 degree toward the
North with a plunge between -50 and -70. They are perpendicular to
local dip of mineralized syenite layers plus or minus 10
degrees.
QAQC procedures
Matamec maintains a quality control program conforming to the
industry's best practices. The NQ core is split, with one half kept
as a witness at our Val d'Or facilities. Samples are then submitted
in batches of 25, each containing two known standards and one
blank, to the ALS Chemex ("ALS") preparation facility in Val d'Or
where the samples are reduced to pulps and couriered to ALS in
Vancouver (B.C.) for analysis. The samples are dissolved using a
lithium metaborate fusion before being analysed by ICP-MS methods
on a 2 gram sample size, with overlimits handled either by ICP-MS
on a dilute solution, in the case of rare earths, or by XRF, in the
case of zirconium. The samples and core are managed in a secure
location until delivered to ALS. ALS maintains ISO 17025
certification, the highest accreditation available for QA/QC.
Aline Leclerc, VP Exploration (Geo.), is Matamec's Qualified
Person for this press release.
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 map is available at the following address:
http://media3.marketwire.com/docs/Kipawa_Deposit_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 Edward Miller Director IR (514) 844-5252 ext.
205 (514) 844-0550 (FAX)edward.miller@matamec.com
www.matamec.com
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