Wednesday, May 11, 2011 11:59:31 AM
The conglomerate unit is also strongly hematite altered, which could
explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick
magnetic mafic dyke.
Ken Stead President/CEO states: “We are very encouraged by the presence of rare earth element rich rocks at Rusty
Ridge and are eagerly awaiting the next batch of assays to find out just how consistent REE are at depth and if the
grades improve . While there is much work yet to be carried out to determine the significance of this discovery, we
feel we are in the very early stages of a most interesting project”.
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