PhosCan Chemical Corp PCCLF

RE: Furthermore

[marymart]

The following excerpt from Aug 01 press release

This suggests there is significant tonnage ABOVE the phosphate rich zones with very good Niobium grades. It should/would be possible to mine/stock pile this material and process it separately.  The grades would significantly exceed those at the Niobec mine and be mineable by open pit method - thus processed at a lower cost.  
   (1) It may be misleading to view the niobium potential when viewed (avearged) over all the tonnage on site. The report sepaks to a separate zone (the Tan Zone) above the phosphate.
    (2) These results were form the main deposit (anomaly)only.  No mention is made to the other anomolies ??


 I still am puzzled by managements lack of disclosure as to this potential.
Note samples in the table attached to this press release has check samples indicating a higher degree of certainty with the results obtained. 
 I am not a geologist or mine engineer, but surely with the significant number of drill holes , a niobium resource - exclusive of the high grade phosphate zone could be calculated relatively easily. 
 


Excerpts (see Sedar for full report)

A study of the by-product value of niobium and its associated metals in the Martison

carbonatite has identified a high-grade niobium zone, the Tan Zone, within the northern

portion of the phosphate resource. This zone, which also appears to have been enriched

in tantalum, both overlies and grades down into the high grade phosphate deposit. The

Tan Zone is a flat lying deposit which trends northwest for at least 950 meters, has a

lateral extent of 300 to 500 meters and is developed over thicknesses ranging from 3 to

65 meters. Table 1 attached lists all holes assayed to date in this zone.

The joint venture partners have started to check core samples from the deposit for both

metals. Becquerel Laboratories Inc. of Toronto have analyzed 29 samples from 13

previous drill holes, on a semi-quantitative basis, for 34 metals and Bondar Clegg of

Vancouver have assayed the same sample suite for niobium. The samples were selected

to represent a range of niobium values in the carbonatite residuum grading from 0.06% to

4.35% Nb2O5. Results of this first test are shown in Table 2 attached.

The Becquerel analysis revealed the presence of tantalum, particularly in samples with

high niobium values. The average of 10 high-grade niobium samples is 0.072%

tantalum pentoxide (Ta2O5) or 1.58 lbs. per tonne and 2.21% Nb2O5. The check

analyses for niobium were in line with assays reported in the original testing of the same

samples.

Becquerel Laboratories Inc. used a semi-quantitative analytical technique, Neutron

Activation Analysis (NAA), to analyze for tantalum. To assay the niobium, Bondar

Clegg used an acid digestion followed by ICP analysis.

In view of the strong market for niobium and tantalum, further testing for these metals

will be carried out on all existing core from the Tan Zone. Ten diamond drill holes

completed by the joint venture in 1999 also intersected this prospect and will be assayed.

Assays results will be released when available. A resource calculation of the Tan Zone

will follow the assay program.