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Also a Katx neighbor on the Baie Verte peninsula with a view to becoming the premier gold and base metal [/color]hydrometallurgical facility in the region
. Article.Rambler Metals and Mining plc: Environmental Registration Filed for Mining of Nugget Pond's Crown Pillar
20 days 26 minutes ago - CCN via Comtex
Marketwire CanadaRambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') is pleased to announce that on December 20, 2010 the Company officially submitted the environmental registration for the mining of the Nugget Pond Crown Pillar, located less than 150 metres away from its gold hydromet processing facility.
The Company is also pleased to announce that it recently completed processing a bulk sample for Crosshair Exploration and Mining Corp. (TSX:CXX)(NYSE Amex:CXZ) ('Crosshair') with ore from its Golden Promise Project. HIGHLIGHTS
-- The crown pillar contains an historical resource of approximately 8,100 tonnes of ore grading 7.7 g/t of gold equating to 2005 troy ounces in- situ. An open pit mining method is planned. -- All ore processing will be completed at the Company's own Nugget Pond Hydromet Facility. Historical recovery averaged 95%. -- The undertaking was registered on December 20, 2010; the deadline for public comments is January 26, 2011; and the minister's decision is due by February 3, 2011. -- The Company plans on mining this crown pillar in calendar Q2, 2011. -- Completed toll milling contract for Crosshair Exploration and Mining Corp. in November 2010.
Peter Mercer, VP Corporate Development commented;
"We are pleased to have some additional mining at the Crown Pillar while construction is taking place at the Ming Mine. While the mining of Crown Pillar itself will be of short duration there remains much exploration potential both within our own mining lease and over the entire mineralized trend.
In addition the successful toll milling of Crosshair's bulk sample confirms our belief that the Nugget Pond facility is amenable to a wide range of ore types and will allow Rambler access to further business opportunities on the Baie Verte peninsula with a view to becoming the premier gold and base metal hydrometallurgical facility in the region."
IRON OXIDE BRECCIAS AND VEINS P-Cu-Au-Ag-U
D07
Seem like to me the target values for "great OD" dam new should be actual OD values.... good values would be some order of magnatide less.... interesting values would be what was already reported.
arrays 100 or more kilometres long and up to tens of kilometres wide
http://www.em.gov.bc.ca/Mining/Geolsurv/MetallicMinerals/MineralDepositProfiles/PROFILES/D07.htm
EXCELLENT READ ALL THE FACTS ALL THE DD
Excellent
The way I read it this is Rusty Ridge, Ken's Mountain, West Princes....Anywhere
The volcanic sequence is best exposed in the western portion of the property, south of the community of Bunyan’s Cove. At this location, the felsic volcanics are well exposed along a prominent ridge dubbed Ken’s Mountain. The felsic volcanics at this locationdiffer from exposures further northeast in that pyrite is much more common, locally to 5%, occasionally with clear to purple fluorite occurring as vug fillings and veinlets
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
Anyway...the whole area was volcanic.....look a the maps
http://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/CommodityPosters.stm
Look at the map for copper and zinc
http://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/Prop_for_option-gold/OROGENIC%20GOLD,%20PDAC09.pdf
the pyrite and copper finds are all over the map... the studies show the deposits are at the edges.... we have one drill hole in the center.....and one at the edges..... the drilling might not show you what you need to see put look at the resume for the new geologist
http://www.katexploration.com/news/Geologist_Resume.pdf
You believe some other anonomious poster if you want I will believe in a guy that stands to make a buck for finding what he has been hired to do.... Notice the date.....
- Reconnaissance to deposit level geologic mapping.
- Project geologist including the supervision of geochemistry, geophysics, trenching and drilling projects from reconnaissance
exploration through to prefeasibility deposit resource / reserve estimation.
- Field experience in oil and gas, industrial minerals, uranium, gold and base metals including nickel in a variety of geological
environments including epithermal, porphyry, volcanogenic massive sulphide (VMS), and magmatic settings.
- Graduate research on the characterization and stable isotope geochemistry of silicate and carbonate alteration assemblages
related to volcanogenic base metal and epigenetic gold mineralizationVoisey’s Bay Nickel Company, St. John’s, Newfoundland (2002): core logging, drilling supervision during bulk sampling of Ovoid /
Mini-Ovoid orebodies, Voisey’s Bay Ni-Cu-Co orebody, Labrador
Porphyry to Epithermal Environments, Dr. Richard Tosdal, A short course presented by Professional Engineers and Geoscientists
Newfoundland and Labrador (PEG) in association with Canadian Institute of Mining , Metallurgy and Petroleum, Newfoundland
Branch (CIM) Delta St, John’s Hotel and Convention Centre, St. John’s, NL November 4, 2009
Alterra Resources Incorporated / Search Capital Incorporated, Vancouver, British Columbia (2008): property inspection,
completion of NI 43-101 technical report for Search Capital Inc.
White Bear Resources Incorporated, Vancouver, British Columbia / Miranda USA, Elko Nevada (2007): data compilation /
research, compilation of geological data and information, property inspection, completion of NI 43-101 technical reports for
White Bear Resources in Nevada
B.Sc. Geology (Honors Program), Carleton University (1986): Thesis on the characterization and isotopic analysis of sulphide
mineralization related to Pb Zn Cu occurrences using lead isotopes in the Lardeau Mining District, British Columbia.
locally strong iron-oxide, fluorite and sulphide alteration and mineralization occurs
Still like the neighborhood
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
The volcanic sequence is best exposed in the western portion of the property, south of the community of Bunyan’s Cove. At this location, the felsic volcanics are well exposed along a prominent ridge dubbed Ken’s Mountain. The felsic volcanics at this location
differ from exposures further northeast in that pyrite is much more common, locally to 5%, occasionally with clear to purple fluorite occurring as vug fillings and veinlets
Intrusive rocks on the property consist of medium grained porphyritic gabbro exposed on a logging road east of Ken’s Mountain and mafic dykes that presumably intrude all lithologies. Faults, largely inferred from regional scale airborne geophysics, generally trend north-northwest, northeast and east-west.
2001
The South Princess property was the focus of a 2001 exploration program comprising line cutting, soil geochemistry and a magnetometer/VLF/IP survey. Work was completed over two target areas, Ken’s Mountain and Holloway Cove. The Ken’s Mountain area is covered by the current claims whereas the Holloway Cove area was subsequently dropped. Results were interpreted to suggest the property may have potential to host large-scale, iron oxide and/or porphyry type mineralization
1999-2000
Prospecting on the property in 1999 led to the discovery of pyrite-fluorite-bearing quartz veins associated with a large gossan in felsic volcanics in proximity to a major fault and Cu sulphides and oxides in quartz-carbonate veins within mafic volcanics and coarse clastic sediments
2001
The South Princess property was the focus of a 2001 exploration program comprising line cutting, soil geochemistry and a magnetometer/VLF/IP survey. Work was completed over two target areas, Ken’s Mountain and Holloway Cove. The Ken’s Mountain area is covered by the current claims whereas the Holloway Cove area was subsequently dropped. Results were interpreted to suggest the property may have potential to host large-scale, iron oxide and/or porphyry type mineralization.
2003
In June 2003 a trenching program was undertaken over a portion of the claims in an area underlain by the coincident gravity-magnetic anomaly where locally strong iron-oxide, fluorite and sulphide alteration and mineralization occurs. No significant results were obtained from this work.
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
Thinner quartz veins, with much less copper, cut the rhyolite outcrops that constitute the side and top of the ridge, but the very thick and well mineralized veins are only present as boulders. There is little doubt, due their size, shape and lithology that the boulders are of local derivation, presumably as debris from the ridge. In selvages to the quartz veins, the host rhyolite is bleached and typically exhibits epidote with the quartz.
The best assays for all the samples analyzed on the property are from this showing. Sample W20-95a contained 18% Cu and 11.6 oz/t Ag, W20-98 assayed 5.1% Cu and 3.4 oz/t Ag, RW99-049 contained 0.83% Cu and 0.5 oz/t Ag, sample RW99-050 assayed 1.95% Cu and 1.7 oz/t Ag, and sample W20-97 contained 0.87% Cu and 0.5 oz/t Ag.
I am saying it has been a really long time and might just have a NDA realated to other mining companies... IMO
The Ken’s Mountain area exhibits several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-REE deposits in Australia. The most striking characteristic is a 12 X 4 km magnetic anomaly adjacent to the Charlottetown Fault, a major regional structure. Rocks in this area are interpreted to have developed in an extensional continental environment during late Proterozoic time, a setting common to a number of the world’s largest iron oxide type deposits. The grid area is underlain by a brecciated, hematized felsic volcanic unit that is known to host disseminated and vein-type pyrite, chalcopyrite and fluorite mineralization. The felsic volcanic rocks are weakly radioactive and carry anomalous amounts of several rare earth elements (REE). A soil-sampling program detected highly anomalous levels of the REE’s lanthanum (La) and cerium (Ce), both of which are associated with the Australian deposits.
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
2001
The South Princess property was the focus of a 2001 exploration program comprising line cutting, soil geochemistry and a magnetometer/VLF/IP survey. Work was completed over two target areas, Ken’s Mountain and Holloway Cove. The Ken’s Mountain area is covered by the current claims whereas the Holloway Cove area was subsequently dropped. Results were interpreted to suggest the property may have potential to host large-scale, iron oxide and/or porphyry type mineralization.
Quite a history to draw from nice maps more on same site
http://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/Prop_for_option-copper-zinc/Copper%20Zinc%20Commodity%
20Poster.pdfhttp://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/Prop_for_option-gold/OROGENIC%20GOLD,%20PDAC09.pdf
Notice which names keep showing up.
And
Drilling will tell the true tale as always
but that is sometime away.....
till then
I will trust Vales opinion over cut and paste
So do you believe our own eyes look at the photos......on the Company website
The host rock for the mafic dyke is a purplish-pink, massive, Mn-oxide and hematite bearing felsic volcanic, which is feldspar porphyritic (<4 mm) locally as well as some places where flow banding occurs
Do you think purplish-pink massive rocks with shiny surfaces on the surface would make you say "we good" if you knewn what they were....just a matter of not as much time as you want everyone to believe and how much IMO I think the lid has been placed on news by Vale as a NDA condition... that has the money held up and each side is now playing chicken....for some term of the agreement that will expire sometime.....IMO having been involved in real estate transactions where the biggest wallet has the most control
http://www.mineprospector.com/documents/Pike_Property_Report.pdf
The use of the Beep Mat is the fastest and cheapest way to cover a property and to assess if something conductive is close to the surface. The BM8 will ccontinuously record readings every 1/10 of a second guided by GPS positions that are plotted every second. Readings can be recorded and plotted in near real time.
Once a target is indentified by the BM8 system it will be “near immediately” followed up and investigated by the field crew in an effort to locate the source and sample the same or record it for future more detailed investigations. A scintillometer instrument will also be used to test and survey readings from all sample locations. Historic records indicate that 300 – 800 bps scintillometer readings are associated with the best REE results.
The field crew, as needed, will use the portable drills, to sample at better depth, the locations indentified from the BM8 and/or scintillometer instruments and those located by normal prospecting methods. This drill system will be used to obtain fresh small core samples from outcrop or sub-crop under slight overburden. Core depth “in rock” up to 2 meters or more could be possible.
Sampling with the Mini Drill system will in many cases eliminate the need for stripping an occurrence with machinery in order to sample it. By use of a casing pipe through overburden the crew can access a buried conductor up to 10 feet under cover. Any near surface EM conductor / mag signature indentified can also be stripped using only hand tools if and when
At the time of writing Vale has mobilized exploration teams to the area.May 18 2010
Furthermore the world’s second largest mining company (Vale) has shown by their own staking activities, that we are not alone in thinking that the area deserves further exploration work.
Ken Stead (Prospector), discovered gold-copper mineralization on June 25,1997 and performed additional sampling on the licence(5643M) in July and August of that year. Additional claims were subsequently staked by Cornerstone Resources.
An independent examination on behalf of Cornerstone Resources, by KIEX Consulting Ltd., confirmed the findings of Ken Stead
www.mineprospector.com/documents/Pike_Property_Report.pdf Everything listed here is from this report... color=red]Although it might be selfserving by the company that wrote it why wouldn't be true.....?[[/color]After this report seems to be a multiple company NDA.....
Pike Property Exploration History
The historic work described above was also reported by Hutchings, C. 1998: in a Report on geological, geochemical, geophysical, and prospecting on the Princess Property, Newfoundland, July 2 1997 to June 5 1998. (Cornerstone Resources Inc. 30 pages.) [NFLD/2678]
Minor pyrite and galena occurrence in a mafic dyke which cuts felsic volcanic close to a contact/fault with mafic volcanics (Hutchings,1998).
The host rock for the mafic dyke is a purplish-pink, massive, Mn-oxide and hematite bearing felsic volcanic, which is feldspar porphyritic (<4 mm) locally as well as some places where flow banding occurs. Flow patterns occur near mafic dyke in quartz (Rmz-040) and pyrite occurs in the felsic near the contact with the dyke.
Sample Rmz-040 is a sample from the green mafic dyke with quartz, and contains a silvery metallic mineral (Molybdenite?)
on adjacent mineral claims. Historic samples from these copper occurrences are significant, some having assayed up to 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag in past sampling. The existence of Alkalic gold-rich porphyry copper deposits with high REE are not uncommon and it this case we believe it to be of important value -
F&P firmly believes that the Pike property could hold excellent potential for discovery of Rare Earth Minerals associated with porphyry style copper deposits and/or rich Pb vein hosted mineralization within felsic volcanic rocks and mafic dykes on the property. The property sits on a suite of subaerial mafic and peralkalic felsic lava and pyroclastic rocks, which is related to (by similar trace-element character) the subvolcanic Louil Hills peralkaline granite (O’Brien et al., 1988; see Figs. 1 & 3)
Cache believes that the prealkaline and prealkaline related volcanic and high level plutonic rocks of the Bull Arm Formation hold excellent potential for discovery of Rare Earths and other minerals. Cache Exploration Inc is a mineral exploration and development Company, headquartered in Vancouver BC is, with a focus on rare earth mineral deposits in Canada.
Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.
“For example, Western Mining was very short of funds when it made the discovery. In fact, the company’s first exploration base in Adelaide was the garage of a home at Flagstaff Hill.”
http://www.longwallconference.com.au/ajmnews/december/december-23-10/featured-products/new-books-on-olympic-dam-and-koolyanobbing
The Olympic Dam Story
Extract from Chapter 6: Reinventing the search for copper
© 2010 David Upton
http://theolympicdamstory.com/Extract-from-the-book.php
By 1969, Western Mining had run hard without success for a number of years at three major copper exploration projects — Moonta, Warburton and Fortescue.
Total spending on the search for copper, including Tarraji River, had climbed to $21 million in today’s terms, a huge expense for a company that had only begun to earn significant profits in1968 with the start of its nickel operations
“The thing that Australia was short of at that time was copper. As I had spent a lot of time working on copper mineralisation, it seemed like a good topic to study. Western Mining was producing nickel, and a lot of its customers wanted copper as well.
“The study would relate those losses and gains to the types of alteration minerals and then use those alteration minerals to set constraints on the hydrothermal ore-forming system. From there, the study would rig a generalised model of copper occurrence that could be applied in exploration in the future. That was basically the aim at the very beginning.”
The PhD study focused on the chemical reactions when magnetite in basalt altered to hematite. Both are forms of iron ore, but have very different physical properties. Magnetite is magnetic, hematite is not; magnetite can hold copper in its crystal structure, but hematite cannot. So what happens to the copper and associated minerals when basalt is altered from magnetite to hematite by extremely hot, mineral-rich waters?
If Haynes succeeded, he would establish for Western Mining a radically different model for finding copper deposits. It was exactly the kind of new science on which the company had built its reputation and its rising wealth.
Western Mining certainly had no doubts about the value of Haynes’ findings. Haynes says everything possible was done to keep his research from the prying eyes of competitors. While there were limits to the restrictions that could be placed on access to a taxpayer-funded PhD, Western Mining was able to keep Haynes’ research findings under wraps until 1974. It effectively managed a two-year head-start on any competitors that might want to throw their own exploration funds behind the breakthrough science that Haynes had developed at ANU
http://www.raremetalblog.com/2011/01/mother-lode-of-hostility-uranium.html
The problem was the company had found within a very complex ore body, along with its copper, gold, silver and other minerals, considerable levels of uranium. It could not realistically produce copper and gold without also digging up the uranium.
Not that you might not be correct but show some link to some public source not just another IHub post as to the mineable percentage of TREO.....
Suppose for a moment you were a financier and during your meetings with a company about loaning them million of dollars you were introduced to information and people that confirmed the value of the company so you make the loan. Works out to .10 per share, the stock with a little new information trades up to .25.
The outlook for the company is strong the shares are tightly held and low volume trading but little news can come out because of a NDA... You know about the company and the NDA... you are a financier of penny stocks or deal with them every day so you know the workings of the message boards.... you know that people have become traders and not investors so you sell during the twenties no news comes out you buy in the dips sell again when it goes up some selling more cheap shares using one firm to sell buying on the dips using another ....getting more people to sell and not watch the stock....good new comes buy wait then sell some more until sometime happens that establishes company value.....and the value establish has a lot to do with what you have to pay to buyout the company...
Trading slows down until the longs do not sell......what percentage of the company could you end up owning? That you do not have to buy? What if you thought this was ok since your firm does it all the time and it your job to buy exploration companies and the company you want to buy beat you to a claim by days and your firm has connections to billion of dollar form either Brazil or China and the firm you wait to buy has posted the family had to mortgage the families homes to play in the game you might be tempted to but the squeeze on them JMO......
Olympic Dam, South Australia: 8,330 million tonnes of ore at 0.8 % Cu, 280 ppm U3O8, 0.76g/t Au and 3.95 g/t Ag + 151 Mt at 1.0 g/t Au
The article list a number of mines with various combination of mineral deposit.... many possible combinations all with some REE some with minable quanities....but its the combination over 8,000 million tonnes needs to be brought it to the percentage calculations......way to much focus on REE materials... I actual find myself in agreement with Gump on this issue....
http://en.wikipedia.org/wiki/Iron_oxide_copper_gold_ore_deposits
Iron oxide copper gold ore deposits (IOCG) are important and highly valuable concentrations of copper, gold and uranium ores hosted within iron oxide dominant gangue assemblages which share a common genetic origin.
These ore bodies range from around 10 million tonnes of contained ore, to 4,000 million tonnes or more, and have a grade of between 0.2% to 5% copper, with gold contents ranging from 0.1 to 3+ grams per tonne (parts per million). These ore bodies tend to express as cone-like, blanket-like breccia sheets within granitic margins, ore as long ribbon-like breccia or massive iron oxide deposits within faults or shears.
The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits can produce extremely profitable mines.Iron oxide copper-gold deposits are also often associated with other valuable trace elements such as uranium, bismuth and rare earth metals, although these accessories are typically subordinate to copper and gold in economic terms.Famous examples include the Olympic Dam
IOCG mineralisation may accumulate within metasomatised wall rocks, within brecciated maar or caldera structures, faults or shears, or the aureole of an intrusive event (possibly as a skarn) and is typically accompanied by a substantial enrichment in iron oxide minerals (hematite, magnetite). IOCG deposits tend to accumulate within iron-rich rocks such as banded iron formations, iron schists, etcetera, although iron enrichment of siliciclastic rocks by metasomatism is also recognised within some areas
Chalcopyrite-rich ore specimen from Olympic Dam
Chalcopyrite in hematised breccia from Prominent HillOre minerals in IOCG deposits are typically copper-iron sulfide chalcopyrite and gangue pyrite, forming 10-15% of the rock mass.Supergene profiles can be developed above weathered examples of IOCG deposits, as exemplified by the Sossego deposit, Para State, Brazil, where typical oxidised copper minerals are present, e.g.; malachite, cuprite, native copper and minor amounts of digenite and chalcocit
Gangue minerals are typically some form of iron oxide mineral, classically hematite, but also magnetite within some other examples such as Ernest Henry and some Argentinian examples. This is typically associated with gangue sulfides of pyriteWhere present, rare earth metals tend to associate with phosphate minerals.
When iron oxide species trend towards magnetite or crystalline massive hematite, IOCG deposits may be economic based on their iron oxide contents alone. Several examples of IOCG deposits (Wilcherry Hill, Cairn Hill, Kiruna) are iron ore deposits.
More qualitatively, the 'edges' of a gravity body are considered more prospective as this theoretically represents the mineralised margins of an intrusive body.
Who decides for the "collective you" what good results are on 1 hole on one of 10 sites under the KATX umbrella. If the cost to mine are cover by the iron ore hematite, the REE are gravy, if the cost of mining are covered by the copper or gold, and the hematite and REE's are gravy. The only way that you could know for sure is if some of the figures where out of the park..... Seems like in for a penny in for a Pound....no one can give that information from one hole... That why some are saying the result will be less than stellar, but its the whole stew of mining minerals that those in know will sell or hold....for another mining company to buy KATX seems to be enough major around the area.... might be sort of a silent auction underway and the NDA has impact for KATX and the neighbors.....
Seems that there earlier PR had enough hints of Iron ore hematite, copper, and REE metals to keep everything up in the area and much was made of the the words sub economic copper... but that depends on what processes work on the ore.....
http://www.alibaba.com/product-gs/347952283/ore_concentrating_machine.html
Professional ore concentrating machine manufacturer for gold, iron, hematite, magnetite,copper, lead&zinc, manganese ore...
1). The crude ore first proceed the preliminary broken through jaw crusher, generally divide into coarse crushing and fine crushing two stages; 2) the appropriate stone size(10-20 mm) will be get from the last process, then will be evenly feed into the ball mill through the elevator and mining feeder, the ball mill break and grind the ore into the fine ore; then feed into the spiral classifier, 3) due to the gravity differences of the solid particles, their deposition rate will be different too, using this theory, the spiral classifier will wash and classify the fine ore particles, 4) the washed and classified fine ore particles will be sent to the magnetic separator, making use of minerals susceptibility differences, magnetic separator will separate the magnetic minerals from the fine ore particles mixers by the magnetic force and mechanical force, and get 65% iron ore concentrate.
Heavy medium beneficiation
Usually we call the medium that greater than the density of water as heavy medium, so beneficiation in this medium called heavy medium beneficiation. In the medium, light mineral floats in the surface, heavy mineral subsidence, then heavy mineral (ore concentrate) and light mineral (gangue) can be collected separately, Heavy medium beneficiation can separate wide range of materials. This method the end step, first the ore should be crushed and grinded into fine particles, proceed a rough separation by the spiral chute, then collect the ore concentrate particles through the shaking table, and get the iron ore concentrate. It is widely applied to hematite (brown) iron ore, manganese ore, tungsten ore, tin, gold, precious metals such as tantalum and niobium ore mine.
Flotation process, the method of flotation
Use physical and chemical properties differences of mineral surface in the mineral particles sorting process, formerly known as method of flotation, which is the most widely used method of mineral processing. Almost all the ore can use the method of flotation, such as Gold, Silver Mine, galena, sphalerite, chalcopyrite, copper-fai, molybdenite, nickel sulfide minerals; such as pyrite, malachite, white lead, zinc Ling, hemimorphite and mine Hematite, cassiterite, wolframite, ilmenite, Beryl, spodumene, and rare earth minerals, uranium ore and other minerals of the sorting; Graphite, sulfur, diamonds, quartz, mica, feldspar and other non-metallic minerals and silicate minerals and fluorite, apatite, barite, and other non-metallic mineral salts and potassium salt, rock salt and other mineral salts. Another important purpose of the flotation is to reduce the fine coal ash from coal and to remove fine-grained pyrite. With flotation processing more symbiotic metal minerals, such as from copper, lead, zinc, and other metal ores separate copper, lead, zinc and pyrite, and other concentrate, and can reach a very high sorting indicators.
The Battle Over Rare Earth Metals
Tuesday, 12 January 2010 00:00 Jack Lifton
This is an incredible and truly inconvenient truth. It should also be noted that Canada also has large and high grade deposits under development
The theme of the story was that the levels of pollution in the Bayanobo region of China where most of its and the world’s production of the rare earth metals takes place, are now so high that industry must be reformed if new mineral production is to continue.
Even existing mineral production may be in danger. The necessity for industry restructuring seems to be the case. It is obvious that in order to clean up the damage from decades of mining and refining operations, China’s rare earth industry must slow or even stop temporarily its activities. This must be carried out in order to assess the environmental impact of past mining operations and then to plan strategies for mitigating future environmental damage. Such steps would allow China to resume and perhaps ultimately to enlarge its production of the rare earth elements.
http://www.ensec.org/index.php?option=com_content&view=article&id=228:the-battle-over-rare-earth-metals&catid=102:issuecontent&Itemid=355
By way of example, according to a December New York Times article two elements, “dysprosium and terbium, are in especially short supply, mainly because they have emerged as the miracle ingredients of green energy products. Tiny quantities of dysprosium can make magnets in electric motors lighter by 90 percent, while terbium can help cut the electricity usage of lights by 80 percent. Dysprosium prices have climbed nearly sevenfold since 2003, to $53 a pound. Terbium prices quadrupled from 2003 to 2008, peaking at $407 a pound, before slumping in the global economic crisis to $205 a pound
For example, China has announced that over the life of the next two five-year plans, 2010-2020, it will construct some 133 gigawatts of wind turbine generated electricity. This is likely to dramatically impact the supply of the rare earth metal neodymium. (it could take up to half a ton of neodymium to make a permanent magnet for a very large wind turbine) If China chooses to go with the wind turbine generator design that uses a rare earth permanent magnet based on neodymium, praseodymium, dysprosium, and terbium, (the last two of which are among the rarest of the rare earth metals) then this will require that China increase its current production levels in order to meet additional demand. The alternative is that China substantially reduce its exports of the required metals under the terms of present production levels. Modern, smaller, high performance and high efficiency electric motors and generators are also increasingly dependent on the unique properties of these metals.
Transportation alternatives such as electric cars, electricity generating technologies such as wind turbines, communications’ technologies, such as iPhones, and even medical equipment such as X-ray machines and MRI machines all require rare earths for their manufacture.
Getting onto the green road is not the same as staying on it
I think the know alot before hand if you read about the samples and look at all the photos....
Cu, Au, U, Ag, Ce, La, Co, P,
F, Ba, Sr and REE
http://www.sidex.ca/Vpub/ArtLan/lanthanides-english.pdf
REE deposits are either primary
(carbonatite deposits, vein-type deposits,
polymetallic iron oxide deposits
http://www.sidex.ca/Vpub/ArtLan/lanthanides-english.pdf
The largest deposits are accompanied by large
hydrothermal systems characterized by magnetite,
hematite, chlorite, epidote, carbonates and albite
Anomalous concentrations of Cu, Au, U, Ag, Ce, La, Co, P,
F, Ba, Sr and REE
China Vales Big Brother?
China Moves to Gain Total International Market Advantage
http://www.dtic.mil/cgi-bin/GetTRDoc?Location=U2&doc=GetTRDoc.pdf&AD=ADA525378
China’s move to capture the market did not stop at magnet technology and
Magnequench. At one point, the country almost acquired Molycorp, which owns
the Mountain Pass mine in California, the only rare earth mine in the U.S.
Molycorp purchased Mountain Pass in 1951. In 1978, Unocal purchased
Molycorp. In 1982, Mountain Pass Mine began processing samarium oxide and
in 1989, it began processing neodymium oxide, both critical components of two
types of permanent magnets. In 2005, China National Offshore Oil Corporation
(CNOOC) submitted an $18.5 billion cash bid for Unocal, outbidding Chevron by
half a billion dollars. 24 CNOOC’s bid raised a great deal of concern for U.S.
energy security. While there was a media frenzy over these concerns, one issue
received little attention – repercussions of China gaining control over Molycorp
through CNOOCs purchase of Unocal. If the deal were to have gone through,
China would have gained control over Mountain Pass and therefore the country
would have had a complete monopoly over all the current major rare earth
element resources in the world.
China has also pursued a stake in some of Australia’s rare earth
resources. In early 2009, Lynas Corporation, an Australian mining company, had
plans to build a large rare earth mine at Mount Weld in southwestern Australia. In
February, however, the company suspended construction of the project because
of funding problems. In May 2009, China Non-Ferrous Metal Mining Co. was
poised to invest $252 million to provide much needed debt funding in return for a
51.6 percent stake in Lynas. Before the deal could be finalized, the Australian
government had to approve it following a review by the Foreign Investment
Review Board (FIRB). Normally, the board has 30 days to decide. However,
FIRB had requested at least three resubmissions, which suggested that the
Australian government was carefully considering the full implications of the deal’s
impact on the world’s supply of rare earth elements.25 Finally, in September
2009, China backed out of the deal after Australia’s Foreign Investment Review
Board requested several alterations to the deal, “including a reduction of its stake
to below 50 percent.
23
Maybe there is a common JV partner and similiar NDA whose timing is now come to a close.....
Rick-UK Share Tuesday, September 28, 2010 3:05:59 PM
Re: clutnam post# 98300
Bear in mind that just like Cornerstone, KAT Exploration also has two strings to its bow on the Bonavista Peninsula - Lucky South and Lucky North. Unlike Cornerstone however, KAT has only optioned Lucky South and has retained 100% ownership of Lucky North. We do not know why, but we do know a couple of things. Firstly that VALE has claimed the entirety of available property on the Bonavista Peninsula - ie around both Lucky South and North - which strongly indicates to me that there would be no reason why VALE would not have been interested in optioning Lucky North as much as Lucky South and the two Cornerstone properties. Secondly that Lucky North was claimed just days before KAT Exploration went public with the initial Lucky exploration results and the mad rush by VALE to claim everything left in the area. So at that time, Ken could have claimed any part of Bonavista that he wanted but he didn't extend Lucky South and he didn't claim anything else, just Lucky North. This indicates to me that aside from the two Cornerstone properties which were there prior to these events, Ken took what he considered to be the parts of Bonavista with the highest potential for mineralisation
Ken already had Rusty Ridge, seems like many of the Katx neighbor have found something in the sand box that is the Bonavista.....
Could it be another firm load with cheap shares....I would think the new IR firm would check the IR position and get it right JMO
People:
KAT Exploration Inc. (KATX.PK)Related Topics: StocksStock ScreenerEntertainment ProductionOverviewNewsKey DevelopmentsPeopleChartsFinancialsOptionsAnalystsResearchKATX.PK on Pink OTC - (Current Information)
view people for: Matheson, James
Brief BiographyMr. James P. Matheson is Director - Public Relations, Director of KAT Exploration Inc. He has over 20 years of entreprenuerial business and management experience. James has been consulting small and micro-cap companies that span a wide spectrum of businesses such as oil and gas, mining and metals ect... for years, providing advice, arranging finance, and marketing activities in the US and Europe as he aids in their preperation and development for a Senior Exchange listing
has made several Might want to read to see who has made several discoveries
Vale Exploration Canada is now actively exploring more than 50,000 hectares of exploration lands on the Bonavista Peninsula region of Newfoundland. Read the report check the map, F & P found REE Cashe found REE Katx found REE. 50,000 hectares..... has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P.http://www.mineprospector.com/documents/Pike_Property_Report.pdf
Recent Exploration Work
Lloyd Pike and Robert Freeman conducted a short recognisance and prospecting program at the Pike Property during the fall of 2009. The 2009 field work by F&P Prospecting located additional areas of elevated Rare Earth Metals on the mineral claims. This small scale prospecting program, although limited in extent, proved to show the existence of elevated Zr, Nb, Y and other REE’s over a larger area on the property and recorded new showings and geological features of the property.
The 2009 prospecting was intended as a ground proof style of prospecting to gather grass roots field data and to surface sample outcrop rock exhibiting indications of Gossans, weathering or veining. All samples were taken as grabs from surface only without stripping or trenching or other beneficial work. The 2009 work served well to indentify locations requiring more detailed prospecting. To date 10 locations have been indentified that warrant more detailed follow up work. Refer to F&P 2009 assay report and summaries for detailed results.
Also of note is that the 2009 values obtained for PB at the Clode sound showing are higher than those recorded in the published literature and the that best past samples for Zr – Nb - Y recorded in the area are situated in close proximity to this showing. The true significance of this fact (if any) is still unknown; however it does serve well to help guide future prospecting efforts.
Pike Property A Base Metal – REE property for Option
Page 9 of 18
Numerous copper occurrences lie directly to the north east of the F&P property on adjacent mineral claims. Historic samples from these copper occurrences are significant, some having assayed up to 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag in past sampling. The existence of Alkalic gold-rich porphyry copper deposits with high REE are not uncommon and it this case we believe it to be of important value - consideration in both reviewing the potential of the Pike Property mineral claims and in helping to guide future exploration work. .
Based on the results from work to date and historic information, F&P firmly believes that the Pike property could hold excellent potential for discovery of Rare Earth Minerals associated with porphyry style copper deposits and/or rich Pb vein hosted mineralization within felsic volcanic rocks and mafic dykes on the property. The property sits on a suite of subaerial mafic and peralkalic felsic lava and pyroclastic rocks, which is related to (by similar trace-element character) the subvolcanic Louil Hills peralkaline granite (O’Brien et al., 1988; see Figs. 1 & 3).
All F &P assays represent lab work on pure elements only and not oxides. Oxide(s) amounts can be calculated by applying known and accepted formulas.
Bloomfield AG – Pb – Zn – Cu showing
At the Bloomfield claim group there is strong evidence of previous exploration in the Holloway Cove area. Historic records are slim, however what is available does reveal that in circa 1942, two prospectors, W. Davis and H. Gillard, staked claims over the showing and reported the existence of galena and sphalerite bearing quartz veins at the location on which they encountered high levels of lead and silver. This showing is now named the Holloway Cove lead showing. Both Wiseman and Snelgrove (Govt Geological Surveys) visited the showing and reported good assay results from samples taken on the galena and sphalerite bearing quartz veins, in 1942 and 1953 respectively. Historic results as presented in the Wiseman and Snelgrove reports are shown below.
(1) (2) Cu 0.31% Pb 21.54% Pb 3.7% Zn 12.30% Zn 9.99% Au 0.02 oz./ton Au 0.005 oz./ton Ag 18.50 oz./ton Ag 17.14 oz./ton
(1) Snelgrove (1953) (2) Wiseman (1942).
Pike Property A Base Metal – REE property for Option
Page 10 of 18
Hutchings and Fourde ( 1998 & 2002) reported (in assessment filings) on the area and discussed a Zinc showing located approximately 970 meters southwest of the Holloway Cove PB showing. (off property) Hutchings explains the zinc showing as consisting of semi to massive sphalerite and pyrite in thin calcite veins, hosted by a large (>3 meters wide) fine grained, moderately fractured porphyritic diabase dyke. Previous sampling by Cornerstone on the Zinc occurrence revealed best assay values (BF02-5-2) of 305 ppb Au, 11.3% Zn, and 0.31 oz/t Ag. It does not appear that any of the showings on the Bloomfield claim showings were ever assayed for their REE potential.
F & P believes that the existence of two (high grade type) mineral showings located less than 1000 meters from each other provides strong evidence to support future prospecting and exploration work on the Bloomfield claims. Such exploration work would target both base metals and REE type deposits, with emphasis on locating similar type mineralization on a SW strike of Holloway Cove.
The Newfoundland and Labrador GeoScience Atlas also shows an occurrence of Barium on the Bloomfield claims near the southern most boundaries. It is described as an outcrop of vesicular basalt that contains coarse patches and aggregates of white to pink barite. During the ground proof prospecting of 2009 F&P obtained Barium values exceeding 800 ppm from ground proof sampling near Bunyans cove a distance of over 8 km’s to the Northwest of noted showing. Due to this, it is felt that certain consideration needs to be placed on prospecting this area in more detail. Several indications of other minerals also occur on the Bloomfield claims including garnets and copper that should be further investigated.
The property containing the Bloomfield AG – Pb – Zn – Cu showing was only recently acquired by F&P and has yet to be prospected by us, thus no new results form that showing are presented herein.
Recent Exploration activity in the area - by other companies
It is worthwhile to note that the following exploration activities are ongoing in the region:
Vale Exploration Canada (Formerly Inco) has recently taken a large land position on the Bonavista Peninsula area by way of staking and has also optioned considerable property in the area from Cornerstone Resources. Vale Exploration Canada is now actively exploring more than 50,000 hectares of exploration lands on the Bonavista Peninsula region of Newfoundland. The Vale lands are located near to the Pike property and adjoin certain other mineral claims held by F&P. At the time of writing Vale has mobilized exploration teams to the area.
Pike Property A Base Metal – REE property for Option
Page 11 of 18
Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area.
Cache Exploration Inc recently optioned a 37 claim 925 hectare property to the immediate north and directly adjoining the Pike Property. The company (Cache) optioned the property as part of a larger package of claims that includes the Cross Hills property (63 claims) is located in south-eastern Newfoundland. Cache believes that the prealkaline and prealkaline related volcanic and high level plutonic rocks of the Bull Arm Formation hold excellent potential for discovery of Rare Earths and other minerals. Cache Exploration Inc is a mineral exploration and development Company, headquartered in Vancouver BC is, with a focus on rare earth mineral deposits in Canada.
Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.
These are the types of deposits that were explored for in the past by Cornerstone Resources and are now gaining the main attention of the recent Vale Canada Exploration efforts
Discovering an economically rich concentration of copper in bedded sediments is no easy task and it is often beyond the finances and scope of the normal prospector, we are no exception. We prefer to use our limited budget too look for structures that could be possible sources of early fluid flow or may have resulted in creating the induction forces that could have played a role in depositing copper and other minerals into the sediments.
Considering the attributes indentified to date on our properties, it could be concluded that there exists a good grassroots discovery potential on these claims. Furthermore the world’s second largest mining company (Vale) has shown by their own staking activities, that we are not alone in thinking that the area deserves further exploration work.
Does a Very Rare and Valuable IOCG Property Exist in Newfoundland Similar to the Olympic Dam in Australia?
http://current.com/news/92654539_does-a-very-rare-and-valuable-iocg-property-exist-in-newfoundland-similar-to-the-olympic-dam-in-australia.htm
Ken Stead president of Kat Exploration seems to think so and so does his team of specialized geologists. http://katexploration.com/. A completed 3D inversion modeling of the airborne magnetic data shows a discreet, strong magnetic anomaly underlying the Rusty Ridge area. A 3D inversion model of the ground gravity survey identified a large gravity anomaly and several other smaller anomalies further supporting the potential for an IOCG deposit. Selected coincident gravity, magnetic and IP anomalies, including the large gravity anomaly, will now be drill tested to determine the significance of these targets.
Ken Stead, President/CEO of KAT Exploration (KATX) stated, "That although the targets to be drilled are deep targets, what is most exciting and of interest is that the anomalies are also 400-500 meters thick. If these targets prove to be thick mineralized units similar to that of the Olympic Dam (http://bhpbilliton.com/bb/ourBusinesses/baseMetals/olympicDam.jsp), it will be the first for the province and will no doubt generate a tremendous positive impact for the company."
Ken Stead has announced a deep drilling program to begin on this property in the coming weeks. If an IOCG deposit (iron, ore, copper and gold plus REE’s, rare earth elements) are discovered on the property, this will no doubt give this small company and quiet property international attention. When Inco started to drill the Voisey Bay deposit, that stock rocketed from .20 cents to $165.
KATX is currently trading at .09 per share. If an IOCG is detected only one tenth the size of the Olympic Dam in Australia, there will be many overnight millionaires made who were lucky enough to find this “gem.
The Christmas PR gift that most put together with out first reading the directions? that some later bashed to bits before anyone had a real chance to play with it? That are even now trying to setup the next results as disappointing.... It not the REE its the whole stew......Just my opinion
Characteristics of IOCG systems
Most investigators agree that IOCG-related hydrothermal systems share certain
distinguishing features notably including (1) extensive alkali-rich alteration, (2)voluminous low-Ti magnetite and/or hematite, (3) a distinctive suite of minor elements
(REE, Co, Ag, ± U, P), and (4) prominent structural control (cf. Hitzman et al. 1992).
Coeval magmatism is a general, though perhaps not universal, adjunct. These features
and their geophysical signatures provide the basic footprints
http://www.geo.arizona.edu/~mdbarton/MDB_papers_pdf/BartonJohnson04_IOCGfootprints.pdf
Unfortunately, no set of geologic features, apart from the abundance of Cu and Au
themselves, readily distinguishes economic Cu(-Au) systems (Olympic Dam or
Candelaria types) from large accumulations of magnetite or hematite that contain only
anomalous amounts of these metals plus (Kiruna type or barren ironstones). It remains
unsettled whether this contrast primarily reflects fundamental differences in the types
system or primarily the lack of efficient traps / metal sources. Indeed, all regions that
contain significant Cu(-Au) deposits also contain numerous "barren" Fe-oxide-rich
occurrences, thus, regardless of its meaning, this empirical association provides the
broadest signature for prospective regions.
Mineralization and time-space patterns: Economic mineralization is dominated by
paragenetically late chalcopyrite ± bornite and occurs within or near (but typically not
coextensive with) Fe-oxide accumulations. Distal and shallow mineralization is hematitedominated,
whereas
[color=red]Individual mineralized centers rarely extend more than a few km
across; yet mineralized regions can persist over regions 10s to 100s of km when defined
by the intermittent distribution of magnetite- or hematite-rich rocks. [/color]Both local and
regional mineralized zones correlate with major regional structural features (e.g., in
coastal Chile, NW Queensland, northern Sweden) and/or with volcano-plutonic structures(e.g., in South Australia, northern Mexico, SE Missouri).
Few districts have been thoroughly studied thus details of temporal and spatial
patterns of alteration, magmatism (where present), and mineralization remain poorly
constrained
The Olympic Dam Cu-U-Au-Ag-REE deposit
http://www.geo.tu-freiberg.de/oberseminar/os03_04/Jana_Enghardt.pdf
Haematite occurs mainly in the center of the deposit
and regional represents >95% of the rock
Mineral associations in the orebody
The main minerals in the orebody, which more or less hosted the economically interesting
elements like Cu, U, Au, Ag and REE are chalcopyrite (CuFeS2), bornite
(Cu5FeS4), chalcocite (Cu2S), pitchblende (UO2/UO3), coffinite (U(SiO4)1-
x(OH)4x), brannerite (U(Ti,Fe)2O6), bastnaesite ((Ce,La)(CO3)(F). Minor gold and
silver are bound to copper sulphides
Haematite occurs mainly in the center of the deposit
and regional represents >95% of the rock whereas magnetite make up 20% of the
rock in strongly altered breccia zones. Reeve et al. (1990) documented that haematite
generally displays ‘pre-existing minerals, including primary granitic comp onents,
dykes and secondary hydrothermal or vein minerals’. But it can also ‘precipitated
from solution in veins and vugs’ (Reynolds 2001). Especially haematite
is closely connected with copper mineralisation at all scales. (Reynolds 2001)
Apart from the magnetite and haematite alteration
http://www.southernuranium.com.au/_dbase_upl/060607_drill_olympic_dam_district.pdf
The extensive sub-economic mineralisation in the magnetite zone intersected by CSD-1 is very encouraging for the adjacent less magnetic but dense gravity target to be the mineralised haematite zone of a large IOCGU system.http://www.geo.tu-freiberg.de/oberseminar/os03_04/Jana_Enghardt.pdf
Oreskes and Einaudi (1992) suggested that two fluids were responsible for ore
genesis at Olympic Dam. The origin of the magnetite-rich ore was deep-seated or
magmatic fluid. Later a second fluid of near surface provenance overprinted this
primary magnetite with haematite alteration and in additional led to ore mineralisation.Association II is
haematite, sericite, chalcopyrite, bornite, pitchblende, barite, fluorite, and chlorite.
The greatest amount of chlorite and sericite exist in association I an II, and the
hydrothermal quartz in association II is regionally defined and unusually in combination
with sulphides. The third association is composed of ‘porous, vuggy, or
massive haematite, granular quartz, and vein barite, with localized zones of silification
± quartz veining’ (Haynes et al. 1995). The quartz veining is in general
brecciated. Association III mainly belongs to the later stage of mineralis ation and
seldom contains fluorite
it impisortant to know that massive
ore is seldom in the ODBC that means the mineralisation basically appears
within the matrix of the breccias. Copper ore minerals are found as ‘disseminated
grains, veinlets and fragments within the breccia zones’ (Reynolds 2001). Gold,
silver and uranium always occur with sulphides, for example the uranium mineral
pitchblende (uraninite) mainly appears as ‘fine-grained disseminations within
haematitic breccias, intergrown with sulphides and haematite’ (Reynolds 2001).
Silver mostly is present ‘in solid solution with the sulphide minerals’ (Reynolds
2001) and gold appears as strongly bound particles within and in connection with
copper sulphide grains. The rare earth elements mainly La and Ce are found all
over the breccia zones and especially in the central haematite quartz core its content
is commonly higher.
WE GOOD MAYBE I dont read anything that has been reported that says the results are bad.... waiting for the rest of the results now that I know what good is. OD took nine holes to find the "good" stuff. The REE Values can be low throughout and still be indicative of OD deposits....
The Core was barren at Olympic Dam good reading not to long not to complex
The OLYMPIC DAM Cu-U-Au-Ag-REE deposit, Australia 9 http://www.geo.tu-freiberg.de/oberseminar/os07_08/Thomas%20Hahn.pdf
I have read all of the post since the Christmas gift posting and wonder how many posters know anything about what Olympic Dam results were suppose to look like.... The core is suppose to be barren..... the REE are suppose to spread out on the top. From what I have read a gift was given and few brother to check the language it was give in .....IMO. There is a reason the added more claim...... the field is HUGE. IMO
OD "Ore zones and mineralization patterns
Although the ore zones account for only a small part of the whole volume of the
breccia complex Cu, U, Ag and Au minerals are widespread within the deposit
(Fig.5.). There are background levels of around 0.5 wt. % copper, 0.2 kg/t uranium
oxide, 1 g/t silver and 0.5 g/t gold. The highest grade of copper and uranium mineralization
is associated with more hematite altered rocks even though the hematitequartz
core is barren of copper and uranium minerals"
http://www.minerals.net/mineral/sulfides/chalcopy/chalcopy.htm
Chalcopyrite is the chief ore of copper.
"Peacock Ore" which is sold to many amateur mineral collectors and thought to be Bornite usually is Chalcopyrite that is treated with acid to produce a greater tarnish.
http://ih.advfn.com/p.php?pid=nmona&cb=1267833742&article=40509419&symbol=NO%5EKATX
RR The host rocks for most of the mineral occurrences and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, hematitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite
RR Hole RR10-01, approximately 500 meters south of RR10-02, was drilled to a depth of 719.3 meters to test a coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole (including native copper and chalcopyrite). The conglomerate unit is also strongly hematite altered[/color], which could explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick magnetic mafic dyke
OD where a long and repeated process of brecciation and magnetite-
hematite alteration took place. Hence the deposit is located within a huge complex
of irregularly shaped and variably mineralised breccia bodies which is knownas the Olympic Dam Breccia Complex
http://www.geo.tu-freiberg.de/oberseminar/os07_08/Thomas%20Hahn.pdf
OD Furthermore a variable REE mineralization of mostly cerium and lanthanum is disseminated across the deposit.
OD Contrary to this Johnson & McCulloch (1995) proposed a fluid influenced by mafic to ultramafic, mantle derived magma. However, it is relatively ensured that
the ore mineralization was connected with this late hematite alteration
Veins, veinlets and vein fragments are very common within the breccia complex.
They are mono- or polymineralic and consist of mineral assemblages which also
dominate the alteration and mineralization associations of the breccias. Those are
sericite, barite, siderite, chlorite, fluorite, sulfides, quartz or pitchblende. A
second, late stage array of veins contains a laminated barite-siderite-flouritesulfide
mineralization and extends into the sedimentary cover.
The ODBC was also intruded by several ultramafic, mafic and felsic dykes with
irregular wispy or tentacular shapes (Reynolds, 2000). At the top of the deposit
they are less than 1 meter thick but thicker and more abundant at the depth
OD Economic ore minerals
Principal copper-bearing minerals are chalcopyrite, bornite and chalcocite, which
precipitated co-genetically. There also is a small amount of native copper and other
copper-bearing minerals
OD Over and above that, the importance of the Olympic Dam deposit with regard to of deposit. Furthermore, it describes a genetic model which can be applied for many deposits all over the world.
Does anyone know the REE % for OD since the cores value we are expecting back are from the center of the deposit and hematization from the last PR seem like it was meant to be a great clue coming from someone that speaks geology....
Origin of rare earth element-enriched hematite breccias at the Olympic Dam Cu-U-Au-Ag deposit, Roxby Downs, South Australia
Naomi Oreskes and Marco T. Einaudi
Hematite breccias, the host rocks to Cu-U-Au-Ag ore at the Olympic Dam deposit, occur as steeply dipping, northwest-striking, dikelike bodies within fractured granite. The breccia complex has a strike length of over 5 km and extends to depths greater than 1 km. Both the deposit as a whole and the individual breccia bodies are zoned from weakly brecciated, sericitized and hematized granite on the margins, through heterolithic breccias, to hematite-quartz microbreccia at the center. Hematite occurs as euhedral laths and fine-grained aggregates in the matrices of all breccia types, in veins and fragments, as pseudomorphs after feldspar, and rarely as pseudomorphs after siderite and magnetite. Relict magnetite is rare, and most iron oxide was deposited as hematite. Heterolithic breccias include fragments of earlier breccia and veins. Minor sedimentary rocks, including bedded hematite and laminated barite, also are present as clast components. In the upper portion of the deposit, volcaniclastic conglomerate and siltstone occur in a fault-bounded block approximately 500 X 500 m in plan view.Copper-iron sulfides occur as interstitial grains (most common), microveinlets, and rare clasts. They are most abundant in heterolithic breccias and are zoned laterally from chalcocitebornitc to chalcopyrite-pyrite. Zonal boundaries are subparallel to steep breccia contacts. Copper-iron sulfides commonly are intergrown with fluorite and locally rim corroded quartz grains. The breccias are highly enriched in light (LREE) and heavy rare earth elements (HREE) (avg = approximately 5,000 ppm REE in hematite-rich rocks). Total LREE content and La/Lu ratios are correlated with hematite abundance; maximum La values (10,000 X chondrite) occur in hematite-quartz microbreccias from the geographic center of the deposit. Five hydrothermal REE phases have been identified: bastnaesite, florencite, monazite, xenotime, and britholite(?). They occur in all breccia types and in a variety of habits: disseminated in quartz-sericite matrices of granite breccia, in quartz-sericite veins, interstitial to hematite laths, intergrown with barite in laminated sedimentary rocks, and as inclusions in hematite and in sulfide grains.The hematite breccias formed by progressive hydrothermal brecciation and iron metasomatism of the granite host. Minor sedimentary components preserved as blocks and fragments within the upper portion of the deposit point to a near-surface environment for the breccia complex. Textural relations indicate that most of the copper was introduced late relative to hematization and brecciation. Based on spatial relations between barren zones, oxidized sulfide grains, and high-grade chalcocite ore, some supergene redistribution of copper probably occurred. The abundance of REE in hydrothermal phases, REE enrichment of altered relative to unaltered wall rock, concentration of REE in the center of the system, and variable slopes of chondrite-normalized patterns, combined with the lack of evidence of intrusion of unusual magmas at the present level of exposure, attest to extensive transport and deposition of REE by hydrothermal fluids responsible for hematization and breccia formation
Not a geo but this seems to leave everthing in play
The physical, mineralogical and geological properties of IOCG deposits are summarized below to provide insights on what may or may not be detectable by conventional or emergent field, geophysical, geochemical or remote sensing mapping techniques
http://gsc.nrcan.gc.ca/mindep/synth_dep/iocg/index_e.php
The ore mineral phases vary considerably among the deposits (Ray and Lefebure, 2000). The principal ones are hematite (specularite, botryoidal hematite and martite), low-Ti magnetite, bornite, chalcopyrite, chalcocite and pyrite. Subordinate ones include Ag-, Cu-, Ni-, Co-, U-arsenides, autunite, bastnaesite, bismuthinite, brannerite, britholite, carrolite, cobaltite, coffinite, covellite, digenite, florencite, loellingite, malachite, molybdenite, monazite, pitchblende, pyrrhotite, sulphosalts, uraninite, xenotime, native bismuth, copper, silver and gold, Ag-, Bi-, Co-telluride, and vermiculite. Gangue mineralogy consists principally of albite, K-feldspar, sericite, carbonate, chlorite, quartz (crypto-cristalline in some cases), amphibole, pyroxene, biotite and apatite (F- or REE-rich) with accessory allanite, barite, epidote, fayallite, fluorite, ilvaite, garnet, monazite, perovskite, phlogopite, rutile, scapolite, titanite, and tourmaline. The amphibole includes Fe-, Cl-, Na- or Al-rich hornblende (edenite), actinolite, grunerite, hastingsite, and tschermakitic or alkali amphibole. Carbonates include calcite, ankerite, siderite and dolomite. Late-stage veins contain fluorite, barite, siderite, hematite and sulphides
These minerals (listed in Table 3), notably the light REE-, Bi-, Co- and U- bearing minerals and rutile have distinctive chemical fingerprints and their mineral chemistry is used as process-forming and source-rock tracers
The presence of intermediate rocks such as diorite and granodiorite as well as mafic rocks are becoming more and more critical in the evaluation of prospective districts based on unveiled magmatic associations,
In the Appalachian orogen, the other extensively explored areas for IOCG deposits are: the Avalon zone (Cross Hill and Net Point prospects; Newfoundland; GSNL National Mineral Inventory Number, 001M/10/Cu 005 and 001M/12/Cu 006 in Geological Survey of Newfoundland and Labrador, 2003),
The span of deposit types associated with iron oxide settings has led Porter (2002b) to advocate that "iron-oxide rich 'oxide mineralizing systems' may represent the converse of the iron-rich reduced systems on which attention has been focussed for so long". This author also points out that if public geosciences and industry grass roots exploration "were to concentrate on the 'oxide alteration/mineralizing systems', other large, as yet unrecognized, ore deposits of different commodities and ore classes may be recognized, or existing deposits may be 're-classified' and better appreciated
The search for iron oxide Cu-Au-Ag-U-P-REE-Bi-Co (IOCG) deposits requires that public geosciences adapt their current expertise and survey tools to granitic and gneissic frontier terranes while integrating basin analysis and mineral deposit studies as diverse as volcanic-hosted massive sulphides, uranium and SEDEX deposits. Transient processes seem to play a major role in the formation of IOCG deposits (e.g. the importance of magmatic-hydrothermal fluids, mixing of downward and upward migrating fluids in active fault zones, etc) and this is in itself a major challenge. The realm of parameters that need to be taken into account challenges current expertise and exploration techniques. The search for IOCG deposits needs to significantly evolve to meet the challenge posed by remote and complex Canadian geological and geographic terrains
Maybe its moly?
One potentially major development that may boost moly prices is the classification of moly as a “national mining resource,” where China could control production along the same lines that they do for rare earth production. This development was covered on Rare Earth Investing News last month. The classification may limit the amount of mining allowed and may also come with the creation of a strategic reserve of moly along with 10 other metals. While there is no official statement yet on this policy, it is something to watch for in 2011. The reduction of mining and the creation of a strategic stockpile may mean that China will once again become a net importer of moly in 2011 and beyond. This helped double the price of moly in 2009-10, and may do the same in the future.
http://molyinvestingnews.com/3207-trends-in-molybdenum-market-in-2010.html
Molybdenum Mining Company Trends
While not all molybdenum mining firms can be represented, this is a synopsis of share prices for some major molybdenum firms in 2010. These numbers reflect changes from Jan. 4, 2010-Dec. 14, 2010.
Thompson Creek Metals Company Inc (NYSE:TC)(TSE:TCM)
NYSE Share Price: $13.59 YTD: +$1.87 (+15.96%)
TSE Share Price: $13.67 YTD: +$1.34 (10.87%)
Teck Resources (NYSE:TCK)
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Big Money
Vale gets $1bn loan from Canada's EDC
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By: Liezel Hill
4th October 2010
TEXT SIZE TORONTO (miningweekly.com) – Canada's export credit agency Export Development Canada (EDC) has agreed to provide up to $1-billion in financing to Brazilian mining group Vale, to help fund projects in Newfoundland and Labrador and Ontario, and to buy Canadian products and services for the company''s international operations.
Up to $250-million will be available for spending on the nickel processing plant Vale has committed to build in Newfoundland and Labrador, and another $250-million will be earmarked to finance a handful of projects that Vale is planning in Ontario.
The remaining $500-million will be available for the future purchase of Canadian goods and services by Vale for its operations outside Canada, or to support Vale exports involving signed contracts with Canadian suppliers.
Vale, the second-biggest mining group in the world and the largest iron-ore producer, bought Canadian nickel-miner Inco in 2006.
The company's expansion plans will create “hundreds of millions” in potential supply and services opportunities for Canadian companies over the next few years, the EDC said in a statement.
“The recent global recession has emphasised that diversification of markets will be key to growing Canada’s exports in the coming years,” EDC CEO Eric Siegel said.
“Vale’s global operations provide opportunities for Canadian companies to gain a foothold in key emerging markets like Brazil.”
The funds will be provided through an unsecured nonrevolving bilateral loan facility.
Edited by: Liezel Hill
Some one tell me what changed....
Addition source of DD not part of KATX started by Cornerstone with pps climbing in DEC
The Cross Hills REE Property in Newfoundland which is adjacent to the Rockbridge Resources REE Property and the Louil Hills REE Property in Newfoundland which is adjacent to the KAT Exploration Inc. REE project. All four Cache REE properties have proximity to available infrastructure and are considered to have excellent potential for rare earth mineralization.
http://www.cacheexploration.com/properties/louill-hill-complex.html
Geology and Previous Work
The property sits on the BullArm Formation, a suite of subaerial mafic and peralkalic felsic lava and pyroclastic rocks, which is related to (by similar trace-element character) the subvolcanic Louil Hills peralkaline granite (O’Brien et al., 1988; see Figs. 1 & 3). Detailed geological mapping, sampling, geochemical, and geophysical surveys and drilling were completed by Cornerstone Resources Inc. (Hutchings, 1998). They have revealed Zr-Nb-Y mineralization, as well as Cu and Pb mineralization hosted within felsic volcanic rocks and mafic dykes. The BullArm Formation has presented 570 ppm Y and 490 ppm Nb (Miller, 1989), making it a highly favourable exploration target, relative to other REE targets in Newfoundland.
Copper occurrences lie on the eastern portion of Cache Exploration Inc. claims, where historic samples have very significant shown 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag; alkalic gold-rich porphyry copper deposits with high REE are not uncommon.
2010 Exploration Work
The presence of Zr-Nb-Y mineralization within the same suite of peralkalic felsic and mafic volcanic rocks (shoreline location) indicates potential for the same mineralization on Cache Exploration Inc.’s property. Cache Exploration is anticipating a preliminary scintillometer prospecting and geological reconnaissance program over the entire Louil Hills property.
Cornerstone halt comes off tomorrow will have to see which sites are cover by news and what role Vale and Moly play IMO
http://www.moly.com/Moly+News/MarketWire/MarketWire/NEWS260060/Cornerstone+Announces+Start+of+Diamond+Drilling+on+the+Red+Cliff+Copper+Property+in+Newfoundland.htm
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - Nov. 4, 2010) - Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) is pleased to announce that Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE: VALE and VALE.P; BM&F BOVESPA: Vale3 and Vale5; Euronext Paris: Vale3 and Vale5) ("Vale"), has commenced a 1,500 metre diamond drilling program on the Red Cliff copper property. As previously announced (see news release dated May 04, 2010), VEC has the option to acquire a 60% interest in Cornerstone's Red Cliff and Deer Harbour properties which are located on the Bonavista Peninsula in eastern Newfoundland. VEC is the operator of the exploration programs during the option period in consultation with Cornerstone. The properties are targeting sediment-hosted stratiform copper (SSC) deposits similar to those of the prolific Central African Copperbelt, also of Late Neoproterozoic age
[color=red][/color]Bunyans Cove Pd – Zr – Nb – Y Mineral Showing
The mineral claims at Bunyans Cove has two historic mineral occurrences recorded in the Newfoundland and Labrador Mineral Occurrence Data Base System ( Mods), one is for a lead and rare earth metals showing and other is for a pyrite showing. The PB - REE showing is described in more detail below.
Bunyans Cove Pb Showing as described in the National Mineral Inventory Files.
National Mineral Inventory Number: 002C/05/Pb 002
Record ID Number: 5028
Deposit Name: Clode Sound
Major Commodity: Lead
Secondary Commodities: Zirconium, Niobium, Yttrium
Location: 0279305E - 5366495N
Ore Minerals: Galena
Gangue Minerals: Pyrite
Alteration Minerals: Calcite, Chlorite, Quartz
Alteration Type: Propylitic
Description of Deposit:
Minor pyrite and galena occurrence in a mafic dyke which cuts felsic volcanic close to a contact/fault with mafic volcanics (Hutchings,1998).
The host rock for the mafic dyke is a purplish-pink, massive, Mn-oxide and hematite bearing felsic volcanic, which is feldspar porphyritic (<4 mm) locally as well as some places where flow banding occurs. Flow patterns occur near mafic dyke in quartz (Rmz-040) and pyrite occurs in the felsic near the contact with the dyke.
Sample Rmz-040 is a sample from the green mafic dyke with quartz, and contains a silvery metallic mineral (Molybdenite?) up to 4 mm diameter in places.
small (trace) amounts of pyrite present.
Sample Rmz-041 is from a red to purple felsic zone with pyrite in quartz veins and locally in the massive felsic. The host is porphyritic with 170-275 cps and ~200 cps near veins. Veins are weathered rusty and have disseminated and massive pyrite crystals up to 4 mm in diameter. The vein is up to 8 cm wide and trends 110/60 North to 140/80 Northeast.
Samples Rmz-042 and 042b are red-purple felsic rocks around cliff from sample Rmz-040, and seem similar but are in a shear zone of sorts with readings from 300-400 cps in an apparent nondescript rock, with rusty cruddy surfaces, possibly hematite and Mn-oxide but slightly different in appearance (Hutchings, 1998).
Bunyans Cove Lead – REE Occurrence Published Sample Assays
Sample Rmz-40: 2990 ppm Pb
Sample Rmz-42: 104 ppm Y, 1030 ppm Zr, 236 ppm Nb, 333 ppm Ba.
Sample Rmz-42b: 287 ppm Y, 4060 ppm Zr, 936 ppm Nb, 563 ppm Ba. (Hutchings, 1998)[color=red][/color]
http://www.nr.gov.nl.ca/nr/mines/geoscience/publications/currentresearch/2009/kerr.pdf
Interesting maps geo relate pictures of Newfoundland. purple vains of flourite could point to moly?
Great read Cornstone is now at .20 up 20% today
mineprospector.com/documents/Pike_Property_Report.pdf[color=red][/color]
Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area.
Cache Exploration Inc recently optioned a 37 claim 925 hectare property to the immediate north and directly adjoining the Pike Property. The company (Cache) optioned the property as part of a larger package of claims that includes the Cross Hills property (63 claims) is located in south-eastern Newfoundland. Cache believes that the prealkaline and prealkaline related volcanic and high level plutonic rocks of the Bull Arm Formation hold excellent potential for discovery of Rare Earths and other minerals. Cache Exploration Inc is a mineral exploration and development Company, headquartered in Vancouver BC is, with a focus on rare earth mineral deposits in Canada.
Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.