Chinese Study Shows Eudialyte from the Kipawa Deposit is Unique
MONTREAL, QUEBEC, Nov 25, 2010 (Marketwire via COMTEX News Network) --
Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT) announces a comparative study by Wu et al. from the Institute of Geology and Geophysics of the Chinese Academy of Sciences, Beijing, China, published in volume 273, May 2010 edition, of Chemical Geology. The study details the chemical composition of eudialyte from 9 alkaline syenites from the following locales:
-- Kipawa (Quebec) -- Mont St-Hilaire (Quebec) -- Khibiny (Russia) -- Lovozero (Russia) -- Illimaussaq (Greenland) -- Saima (China) -- Tamazeght (Marocco) -- Pocos das Caldas (Brazil) -- Langesund Fjord (Norway)
Wu et al. conclude that eudialyte from the Kipawa deposit has a unique composition characterized by:
- The highest overall value of heavy rare earths (La to Gd)
- The lowest ratio of light rare earths (La to Gd) to heavy rare earths (Tb to Lu)(see Figure 1: http://media3.marketwire.com/docs/matamec_1125.pdf)
This independent study was carried out using the latest in high precision analysis methods (laser ablation coupled with a high resolution mass spectrometer).
Andre Gauthier, President of Matamec, comments that: "This is yet another brick in the mounting wall of evidence underlining the quality and unique heavy rare earth enrichment of the eudialyte found at the Kipawa deposit. It also demonstrates the foresight of companies like Unocal/Molycorp who targeted Kipawa eudialyte in the mid '80s as an yttrium source that could potentially compete with the low production costs of the South China Clays."
Aline Leclerc, geologist (OGQ) and Vice-President Exploration of Matamec, is the qualified person for this press release. As qualified person, she has supervised the preparation of the scientific and technical information for the Zeus property and verified the data in this press release.
Other than its focus on the development of the Kipawa deposit and exploration for other showings of rare earths-yttrium-zirconium-niobium-tantalum on its Zeus property, Matamec's exploration strategy is to discover gold deposits, base metals and platinum group, as well as rare metals.
For gold, the company explores in the prolific mining camp of Timmins, Ontario, of which the main target is the Matheson JV with Goldcorp Canada Ltd. and Goldcorp Inc.
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 Lesperance/Wachigabau property.
SOURCE: Matamec Explorations Inc.