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Figure 1.Regional location of the
The claims straddle the contact between a peraluminous S-type muscovite-bearing granite and metasediments within the
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Figure 2.Regional geology of the
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Figure 3. Bulk sample locations by Breaks et al., 2003.
For the rare alkali metals, cesium was significantly enriched 7 to 25 times above its mean crustal abundance for 80% of the data population and varied from 3.9 to 80 ppm. Many values exceeded 15 ppm, a level considered by Černý and Meintzer (1988) to indicate significant fractionation in granitic systems. Rubidium had a range of 5 to 534 ppm and mean content of 270 ppm.
In essence, Breaks et al., 2003 summed up their reconnaissance prospecting and mapping with:
“The anomalous Li, Rb, Cs, Sn and Ga documented in the bedrock by this survey corroborate the earlier lake sediment geochemistry work of Jackson (2001). Exploration for rare-element mineralization in the area should therefore focus on the numerous lake sediment anomalies for these metals in the general area as there is a close correlation with bedrock chemical data at least in the Nym-Niobe lakes area. The discovery of columbite-tantalite group minerals and beryl by this survey gives strong indications that, with careful prospecting, further rare-element minerals may be discovered. The presence of elevated Ta contents in bulk muscovite at localities 01-FWB-126 and 01-JBS-81 suggests that they should be investigated further for possible tantalum mineralization”.
Under the terms of the Agreement, New Energy has the right to acquire a 100% interest in the Property by making aggregate cash payments of
The technical information contained in this news release has been reviewed and approved by
The acquisition is an arm's length transaction and qualifies as an “Exempt Transaction” pursuant to the policies of the
The Company also wishes to announce that it has amended the terms of the Troitsa option agreement (the “Troitsa Agreement”) pursuant to which the Company will issue 900,000 shares (the “Shares”) of the Company to the optionor in lieu of the cash payment of
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