Saturday, July 26, 2014 11:08:01 PM
NEW YORK, MONTREAL, Dec. 13, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today the second assay reports of the core drilling of Shadow Mountain which have been assayed by AGAT Laboratories of Mississauga Ontario.
The latest assay results from AGAT Laboratories in Ontario , using lithium borate fusion for REE ( rare earth elements ) values are consistent with past sample results for Shadow Mountain.
The cerium values are in the range of 185 ppm with gold and base metal credits. It indicates an inferred resource of approximately 25m tons of mineable ore containing approximately 10.2 million lbs. of cerium. Commercial applications of cerium are numerous. They include catalysts, additives to fuel to reduce emissions and to glass and enamels to change their color. Cerium oxide is an important component of glass polishing powders and phosphors used in screens and fluorescent lamps. The estimated possible value is as follows.
Element Units Market Price Inferred Resource *(000) Units Inferred Resource Value $ CAD
Cerium 185 ppm $48.00 *10,700 lbs. 513,600,000.00
Lanthanum 78.4 ppm 25.00 *4,317 lbs. 107,925,000.00
**AL2O3 9.03 % $1.00 *4,515,000 lbs. 4,515,000,000.00
Chromium 110.6 ppm $5.66 *6,090 lbs. 34,469,400.00
Gold .005 ppm $1667.00 4421 oz. 7,369,807.00
**Fe2O3 10.33 % $180.00 2,582,500 tons 464,850,000.00
**MgO 3.32% $1.33 *1,660,000 lbs. 2,207,800,000.00
**MnO .164% $1.36 *8,200 lbs. 11,152,000.00
Nickel 16.62 ppm $8.22 *915 lbs. 7,521,300.00
Strontium 149.1 ppm $454.00 *8,210 lbs. 3,727,340,000.00
Vanadium 51.9ppm $5.80 *2,857 lbs. 16,570,600.00
$11,613,598,107.00
FEATURED Elevai Labs Launches E-commerce Portal to Support Rapid Growth as Stem Cell Exosome Disruptor in the $19.7 Billion Global Physician Dispensed Cosmeceutical Market • Mar 18, 2024 8:51 AM
FEATURED Prospera Energy Inc. Announces a 508% increase in the 2023 Proven Developed Producing (PDP) Reserve Valuation • Mar 18, 2024 8:09 AM
Greenlite Ventures Enters into Strategic Alliance with Woodway USA • GRNL • Mar 15, 2024 4:00 PM
HealthLynked Welcomes David Rosal as New Chief Financial Officer • HLYK • Mar 13, 2024 8:00 AM
ECGI Holdings, Inc. Announces Continued Efforts in Financial Optimization • ECGI • Mar 13, 2024 8:00 AM
PSYC Begins Business Overhaul Process with Consolidation of 10 Previously Issued Convertible Debentures • PSYC • Mar 13, 2024 7:13 AM