Exploration Update - Gallinas Mountains REE Project
2012年7月15日 - 5:23PM
PR Newswire (Canada)
TSX.V: STI REGINA, July 16, 2012 /CNW/ - Strategic Resources Inc.
("Strategic") is pleased to provide the following exploration
update on its Rare Earth project situated in Lincoln County, New
Mexico: The recently completed drilling program in the Gallinas
Mountains was designed to assess the potential of one of several
explosive volcanic brecciated zones identified by R. Schreiner (US
Bureau of Mines - 1993 Report. See www.rareearthreports.ca to read
this report). These explosive breccia targets represent a change in
focus from the vein type occurrences that were examined as part of
the previous drilling program. In total, four holes were drilled.
During drilling, recovered core was strongly brecciated and
altered. The brecciation is thought to have been formed by the
massive release of gaseous material during the volcanic intrusive
event that created the Gallinas Mountains some 30 Ma ago.
Post-magmatic REE carbonate/fluorite bearing solutions then altered
the brecciated rock over geologic time. A summary of each
hole follows: Hole 1- drilled to 98.8 linear feet, Vertical
Orientation. ____________________________________________ |From |To
|Thickness|TREO|(HREO/TREO)|Sr | |(feet)|(feet)|(feet) |ppm | |ppm|
|______|______|_________|____|___________|___| |26.5 |98.8 |72.3
|2750|9.8% |691| |______|______|_________|____|___________|___| | |
| | | | | |______|______|_________|____|___________|___| | |
|including| | | | |______|______|_________|____|___________|___|
|39.68 |54.18 |14.5 |9267|4.5% |743|
|______|______|_________|____|___________|___| | | |and | | | |
|______|______|_________|____|___________|___| |54.18 |72.88 |18.7
|1680|15% |423| |______|______|_________|____|___________|___| | |
| | | | | |______|______|_________|____|___________|___| Hole 2-
drilled to 85.5 linear feet, for a true thickness 61.8 feet,
Azimuth N40W, 35 degrees from vertical
___________________________________________ |From |To |True
|TREO|HREO/TREO|Sr | |(feet) |(feet)|thickness|ppm | |ppm| | |
|(feet) | | | | |_______|______|_________|____|_________|___|
|surface|85.5 |61.8 |1801|16% |488|
|_______|______|_________|____|_________|___| | | | | | | |
|_______|______|_________|____|_________|___| | | |including| | | |
|_______|______|_________|____|_________|___| |36.00 |49.85 |13.85
|4402|12% |548| |_______|______|_________|____|_________|___| | | |
| | | | |_______|______|_________|____|_________|___| | | | | | | |
|_______|______|_________|____|_________|___| Hole 3-drilled to
185.5 linear feet, for a true thickness of 133.3 feet, Azimuth
N90W, 35 degrees from vertical
__________________________________________ |From |To |True
|TREO|HREO/TREO|Sr | |(feet)|(feet)|thickness|ppm | |ppm| | |
|(feet) | | | | |______|______|_________|____|_________|___| |10
|185.5 |133.3 |1632|19% |476|
|______|______|_________|____|_________|___| | | | | | | |
|______|______|_________|____|_________|___| | | |including| | | |
|______|______|_________|____|_________|___| |25.80 |36.40 |10.6
|8026|5% |596| |______|______|_________|____|_________|___| | |
|and | | | | |______|______|_________|____|_________|___| |115.0
|121.2 |6.2 |3367|10% |753|
|______|______|_________|____|_________|___| | | | | | | |
|______|______|_________|____|_________|___| Hole 4-drilled to 95
linear feet. Vertical Orientation
___________________________________________ |From |To
|Thickness|TREO|HREO/TREO|Sr | |(feet)|(feet)|(feet) |ppm | |ppm |
|______|______|_________|____|_________|____| |10 |95.0 |85.0
|1109|28% |1300| |______|______|_________|____|_________|____| | |
| | | | | |______|______|_________|____|_________|____| | |
|including| | | | |______|______|_________|____|_________|____|
|40.25 |55.15 |14.90 |1675|19% |572 |
|______|______|_________|____|_________|____| | | | | | | |
|______|______|_________|____|_________|____| |89.5 |91.5 |2.0
|1241|18% |465 | |______|______|_________|____|_________|____| The
above tables show Total Rare Earth Oxides (TREO). TREO are broken
down into Light Rare Earth Oxides (LREO) and Heavy Rare Earth
Oxides (HREO). The LREO consists of Ce2O3, La2O3, Nd2O3, Pr2O3. For
the purposes of this press release, the HREO is confined to the
four most commonly noted heavy rare earths in the assays namely,
Dy2O3, Er2O3, Yb2O3, and Y2O3. Assays were completed at ALS Global
Laboratories in Vancouver, BC using Lithium-Borate fusion followed
by aqua regia digestion and ICP multi-element assay. Pulps were
also submitted to Saskatchewan Research Council where XRF analysis
was used to more accurately determine the heavy rare earth
elements. Key observations to be inferred from this drilling
program include: -- the altered, explosive brecciated zone
encountered is approximately 100 feet thick in the area of the four
drill holes. -- the brecciated rock resulted in less than optimal
core recovery which suggests that reverse circulation drilling
should be used in future. -- the heavy rare earth elements most
commonly observed were Yttrium, Dysprosium, Erbium and Ytterbium --
the strontium enrichment noted in these assays may also be a
potential economic target. Strontium, though not classed as a REE,
is used in the manufacture of high strength magnets and has many
properties similar to REEs. Another observation is that on each of
the holes drilled, intersects of extraordinarily hard ferric
material were encountered. This hard ferric material severely
damaged drill bits and tooling. This material, when encountered,
was approximately one-half inch thick and likely a veinlet
occurrence. An XRF assay of some of this recovered material
indicates an iron oxide content of 95%. At this juncture the
relation of such ferric material to the altered brecciated REE
complex requires more study. The positive attributes revealed from
this drilling program along with the close proximity of the project
to infrastructure bodes well for future activity. At this time of
writing, the permitting process is well underway with the US Forest
Service and the State of New Mexico for a deeper phase 2 drilling
program that will seek to further define the size and scope of the
REE mineralized, brecciated rock. The Qualified Person for this
project is Tony Kovschak, M.Sc, CPG. Strategic Resources is a
Canadian based junior exploration company with a Rare Earth
exploration project in Lincoln County, New Mexico. More information
about the company is available on line at
www.strategicresourcesinc.ca. Disclaimer: Neither the 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.
Forward looking statements: This news release may contain certain
forward-looking inferences or statements. These
forward-looking inferences or statements are subject to a variety
of risks and uncertainties beyond the Corporation's control or
prediction and could cause actual events or results to differ
materially from those anticipated in such forward-looking
statements. Although the Corporation believes that the
assumptions inherent in the forward-looking statements are
reasonable, undue reliance should not be placed on these
forward-looking statements. Strategic Resources Inc.
CONTACT: Malcolm Bucholtz, President & CEO,Tel:
1.306.525.0852strategicminerals@yahoo.com
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