What does that even mean? Here is the Assay results from a reputable Lab with 30 yrs experience! 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
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