And there it is again: "...it was determined that the northeast to north trending Cross Hills Lineament and the three known mineral occurrences in proximity to this lineament have potential for Iron Ore Copper Gold (IOCG) mineralization similar in style to the Olympic Dam deposit with Uranium and Rare Earth Element potential. "
Jackroch, interesting how they continue to focus on REE. This PR didn't mention KATX like their last two did as it would be inappropriate. However, it led me to review a past release from last June, 2010. Interesting, in the past they mentioned KATX's REE in their release. Don't recall that it attracted much attention then, but it is interesting to note that REE is not a bandwagon phenomenon for KATX. The interest in REE has long been there.
Quote from Cache's June, 2010 release: ________________________________________________________________
KAT Exploration recently completed an exploration program on ground adjacent to the Louil Hills REE property and stated "Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. In addition, the soil geochemistry also produced anomalies in silver, gold, copper." ________________________________________________________________ http://treo.typepad.com/raremetalblog/2010/06/news-cache-expands-louil-hills-rare-earth-property-.html
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