Dec 3 2010
Matamec Explorations Inc. (TSX VENTURE:MAT) has announced the 2,700-metre NQ calibre drilling campaign is underway on the heavy rare earths-yttrium-zirconium Kipawa deposit, located on the Zeus property.
Further information will be released regarding the advancement of the fall-winter 2010-2011 campaign.
André Gauthier, Matamecs' president, commented: « We are very pleased to start this third drilling campaign on the Kipawa heavy rare-earths deposit. This demonstrates that we can perform exploration work on the Zeus property all year round».
As well, he emphasizes that « with this new campaign, the new drill holes combined with those from the previous two drill campaigns will supply sufficient material (several hundred kilograms for each zone) to complete more bulky metallurgical tests. We must remember that Matamec recently announced a world premiere (see October 18th, 2010 press release) whereby it had obtained a recovery rate of 89.2% rare earths (85.6% specifically for the heavy rare earths) on whole rock from the Eudialyte Zone of the Kipawa deposit, and that a low cost process, proprietary to Matamec, was discovered».
Source: Matamec Explorations Inc.