MONTREAL, QUEBEC--(Marketwired - April 18, 2013) - 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 | PS-12-02 | PS-12-03 | PS-12-04 | PS-12-05 | PS-12-06 | ||||||||||||||
| From | 5.60 | including | 8.40 | 18.50 | 25.00 | including | 26.50 | 13.75 | 21.00 | 13.00 | 21.65 | including | 21.65 | 54.70 | 42.30 | 61.05 | 52.15 | including | 53.15 | 42.45 |
| To | 13.25 | 13.25 | 22.10 | 40.00 | 31.50 | 17.35 | 26.00 | 17.85 | 38.90 | 25.35 | 62.15 | 47.90 | 63.70 | 57.00 | 55.80 | 47.75 | ||||
| Length (m) | 7.65 | 4.85 | 3.60 | 15.00 | 5.00 | 3.60 | 5.00 | 4.85 | 17.25 | 3.70 | 7.45 | 5.60 | 2.65 | 4.85 | 2.65 | 5.30 | ||||
| La2O3 | 0.072 | 0.092 | 0.101 | 0.073 | 0.141 | 0.037 | 0.095 | 0.027 | 0.088 | 0.061 | 0.047 | 0.051 | 0.032 | 0.068 | 0.076 | 0.027 | ||||
| CeO2 | 0.172 | 0.219 | 0.212 | 0.181 | 0.360 | 0.074 | 0.219 | 0.061 | 0.178 | 0.143 | 0.107 | 0.103 | 0.078 | 0.159 | 0.175 | 0.068 | ||||
| Pr2O3 | 0.020 | 0.025 | 0.023 | 0.021 | 0.043 | 0.008 | 0.024 | 0.008 | 0.020 | 0.018 | 0.013 | 0.012 | 0.009 | 0.019 | 0.021 | 0.008 | ||||
| Nd2O3 | 0.078 | 0.098 | 0.084 | 0.080 | 0.160 | 0.031 | 0.094 | 0.032 | 0.075 | 0.074 | 0.045 | 0.043 | 0.033 | 0.073 | 0.080 | 0.032 | ||||
| Sm2O3 | 0.016 | 0.021 | 0.019 | 0.017 | 0.035 | 0.007 | 0.020 | 0.007 | 0.015 | 0.018 | 0.010 | 0.009 | 0.007 | 0.016 | 0.018 | 0.007 | ||||
| Eu2O3 | 0.002 | 0.003 | 0.003 | 0.002 | 0.004 | 0.001 | 0.003 | 0.001 | 0.002 | 0.002 | 0.001 | 0.001 | 0.001 | 0.002 | 0.002 | 0.001 | ||||
| Gd2O3 | 0.017 | 0.021 | 0.021 | 0.016 | 0.033 | 0.008 | 0.021 | 0.007 | 0.013 | 0.018 | 0.010 | 0.009 | 0.006 | 0.016 | 0.019 | 0.008 | ||||
| Tb2O3 | 0.003 | 0.004 | 0.004 | 0.003 | 0.006 | 0.001 | 0.004 | 0.001 | 0.002 | 0.003 | 0.002 | 0.002 | 0.001 | 0.003 | 0.004 | 0.002 | ||||
| Dy2O3 | 0.020 | 0.024 | 0.027 | 0.021 | 0.041 | 0.009 | 0.026 | 0.009 | 0.015 | 0.021 | 0.012 | 0.010 | 0.008 | 0.017 | 0.023 | 0.010 | ||||
| Ho2O3 | 0.004 | 0.005 | 0.006 | 0.005 | 0.009 | 0.002 | 0.006 | 0.002 | 0.003 | 0.004 | 0.003 | 0.002 | 0.002 | 0.004 | 0.005 | 0.002 | ||||
| Er2O3 | 0.013 | 0.016 | 0.019 | 0.014 | 0.027 | 0.006 | 0.019 | 0.007 | 0.009 | 0.013 | 0.010 | 0.007 | 0.007 | 0.013 | 0.019 | 0.007 | ||||
| Tm2O3 | 0.002 | 0.002 | 0.003 | 0.002 | 0.004 | 0.001 | 0.003 | 0.001 | 0.001 | 0.002 | 0.002 | 0.001 | 0.001 | 0.002 | 0.003 | 0.001 | ||||
| Yb2O3 | 0.011 | 0.013 | 0.017 | 0.013 | 0.022 | 0.006 | 0.017 | 0.007 | 0.008 | 0.009 | 0.010 | 0.006 | 0.007 | 0.011 | 0.016 | 0.007 | ||||
| Lu2O3 | 0.001 | 0.002 | 0.002 | 0.002 | 0.003 | 0.001 | 0.002 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.002 | 0.002 | 0.001 | ||||
| Y2O3 | 0.131 | 0.159 | 0.167 | 0.122 | 0.222 | 0.059 | 0.166 | 0.087 | 0.088 | 0.138 | 0.083 | 0.061 | 0.053 | 0.111 | 0.159 | 0.072 | ||||
| LREO | 0.342 | 0.434 | 0.420 | 0.355 | 0.704 | 0.150 | 0.433 | 0.128 | 0.361 | 0.296 | 0.212 | 0.208 | 0.152 | 0.318 | 0.352 | 0.135 | ||||
| IREO | 0.035 | 0.044 | 0.042 | 0.035 | 0.072 | 0.015 | 0.044 | 0.016 | 0.030 | 0.038 | 0.021 | 0.019 | 0.014 | 0.034 | 0.040 | 0.016 | ||||
| HREO | 0.054 | 0.066 | 0.078 | 0.060 | 0.112 | 0.027 | 0.076 | 0.028 | 0.039 | 0.054 | 0.039 | 0.028 | 0.028 |
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