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Matamec Explorations inc.: First Two Drill Holes Have Been Completed on the Heavy Rare Earths Kipawa Deposit
11/26/2009 10:51:14 AM - Market Wire
MONTREAL, QUEBEC, Nov 26, 2009 (MARKETWIRE via COMTEX News Network) --
MatamecExplorations Inc. ("Matamec")(TSX VENTURE: MAT) announces that the2000-metre NQ calibre drilling campaign has begun on the heavy rareearths-yttrium-zirconium Kipawa deposit, located on the Zeus property.The first two drill holes: 09-KM-35 and 09-KM-36 were drilled at 74 and71.5 metres respectively.
The current drilling campaign aims toconfirm the historical resources of the Kipawa deposit and to increaseresources by drilling the central portion which has seen very littlework along its 620 metre length separating the East and West zones,zones that were the focus of the historical resources. Additionalinformation will be communicated in the near future as the fall 2009exploration program advances.
The first two drill holes wentthrough the entire Kipawa Complex. The first hole intersected theComplex over 58 metres and the second drill hole intersected it over 65metres. Rare earths and zirconium mineralisation was intersected inboth drill holes.
The geological information in this pressrelease was prepared by Aline Leclerc, geologist and ExplorationVice-President for Matamec and Qualified Person as defined byNI-43-101.
About Matamec
Matamec is exploring for rareearth elements on the Heavy Rare Earth's Kipawa deposit (Zeusproperty), located in the Kipawa Alkaline Complex in Temiscamingue,Quebec, and for significant gold deposits in the Timmins mining camp inOntario, of which the two main targets are the Matheson JV property,with Goldcorp Canada Ltd and Goldcorp Inc, and the Montclerg property.
"NeitherTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release."
Contacts: Matamec Explorations inc. Andre Gauthier President 514-844-5252 info@matamec.com www.matamec.com
SOURCE: Matamec Explorations inc.
mailto:info@matamec.com https://www.matamec.com
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