Yes, Newfoundland Labrador is 1 province, Newfoundland is the Island portion and Labrador is the Mainland portion, Whatever happens on either parts benefits the province as a whole.
The REEs she was excited about were all from the Labrador Mainland part of the province as outlined in the link AARGUS posted, not KATX at all as we hoped.
But believe what ever makes you feel good with your investment.
Canada is well-known for its REE potential, notably in its Precambrian shield areas, and one of the best-known undeveloped deposits occurs on the remote interprovincial border between northern Labrador and Québec. The Strange Lake deposit, located mostly in Labrador, was discovered at the end of the 1970s, by the Iron Ore Company of Canada. At the time, the REE were not the main focus of exploration, but they are certainly known to be abundant in the deposit. The main deposit in Labrador is presently closed to exploration pending finalization of a land-use plan with the Nunatsiavut Government. However, renewed exploration in Québec, by Quest Rare Minerals, has discovered a similar deposit, and they are now proceeding with assessing the commercial feasibility of its development. Quest’s success has raised the profile of Labrador and Québec as REE targets, and several other survey/exploration programs operated during 2010. One of these, by Rare Earth Metals, targeted deposits originally discovered in the 1950s near Letitia Lake that had previously been explored for beryllium (Be). The results from drilling in late 2010 suggest that these are also enriched in REE, most notably in the element neodymium (Nd), used extensively in magnet manufacture. A preliminary estimate of resources in this area is anticipated during the summer of 2011, and there will be additional drilling. Some other projects in Labrador are truly ‘grass-roots’ efforts in areas that have little history of exploration. Search Minerals has been working since 2009 in the Port Hope Simpson area, where they have found several types of REE mineralization, and reported interesting grades. Drilling continued through the winter of 2010-11, and new results are awaited with much interest. Silver Spruce Resources has focused on the Popes Hill area, conveniently located by the Trans-Labrador highway west of Goose Bay, where they successfully intersected REE mineralization in drilling completed over the winter. Last, but not least, a Québec-based junior company, Midland Exploration, ventured into largely uncharted territory along the border, south of Strange Lake, and uncovered REE mineralization in Labrador. They hope to test these areas by drilling during the coming summer.
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