Posted in | Rare Earth Elements

Matamec Explorations Receives First Assay Results from Kipawa HREE-Y-Zr Deposit in Quebec

Matamec Explorations Inc. (TSX VENTURE:MAT) has announced that the first group of assay results has been received for the 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.

This 3,300 metres drill program started on December 1st 2010. Its main objective is the improvement of resource quality, moving the majority of inferred resources into the indicated category. This necessitates the completion of a 50m spacing drilling grid over most of the deposit, while portions of the western zone will be drilled at 25m centres to gain an even better understanding of the high-grade zone.

To date, 31 DDH have been completed on the campaign, representing 2,405 meters of drilling, and preliminary results have been received for the first 13 holes of the campaign. Mineralized intervals for the six best holes are presented below. All six holes are well mineralized with both Eudialyte and Mosandrite, and indeed this first batch of analysis includes the best hole drilled to date on the property (KM94, beating out the previous contender (KM61) by more than 25% in terms of grade multiplied by thickness).

Andre Gauthier, president of Matamec Explorations, comments that: "We were already expecting good results from our drilling in the western zone. What we got with those six holes, and with KM94 in particular, were great to exceptional results. These holes clearly cement the presence of a high-grade zone at the heart of the Kipawa deposit."

The drilling results set out above are preliminary, as some of the REE and zirconium analyses exceeded the limits of the analytical methods. Full results will be released when they become available.

Upon receipt of final 2010-2011 assay results, a new 43-101 resource estimate will be completed by SGS Geostat using the new data. Matamec's next drilling campaign on the Zeus property, set to begin in spring 2010, will aim to better define the extensions of the deposit.

QAQC procedures

Matamec maintains a quality control program conforming to the industry's best practices. The NQ core is split, with one half kept as a witness at our Val d'Or facilities. Samples are then submitted in batches of 25, each containing two known standards and one blank, to the ALS Chemex ("ALS") preparation facility in Val d'Or where the samples are reduced to pulps and couriered to ALS in Vancouver (B.C.) for analysis. The samples are dissolved using a lithium metaborate fusion before being analysed by ICP-MS methods on a 2 gram sample size, with overlimits handled either by ICP-MS on a dilute solution, in the case of rare earths, or by XRF, in the case of zirconium. The samples and core are managed in a secure location until delivered to ALS. ALS maintains ISO 17025 certification, the highest accreditation available for QA/QC.

The geological data in this press release was prepared by Aline Leclerc, geologist and Matamec's Vice-President Exploration, a Qualified Person as defined by NI 43-101.

Source: Matamec Explorations Inc.

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