RES mention as one of Best REE depositspub/na/6962
Tony Mariano: The Special Science of Rare Earths
Source: Karen Roche and Sally Lowder of The Gold Report 08/02/2010
TGR: The Chinese have become very good at finding rare earth deposits and processing them, and are dominant in this space. Recently they announced they will begin restricting rare earth exports, which seems to have created a rush to find deposits throughout North America.
In general, where do you think the prospects look good?
TM: We know of a number of deposits in North America where we can acquire the light lanthanides. We can do well going from lanthanum into the mid-atomic number lanthanides. That would include deposits such as Molycorp Mineral's (NYSE:MCP) Mountain Pass in California,
Rare Element Resources Ltd.'s (TSX.V: RES)Bear Lodge carbonatite in Wyoming, and Wicheeda Lake in British Columbia, which is run by a private company, Spectrum Mining Corporation. [Editor's note: Molycorp Minerals (NYSE:MCP) went public 7/29/2010. See
press release.]
The Mountain Pass deposit is rich in LREEs with ample grade and tonnage, and Molycorp has the technology to produce excellent REE concentrates for lanthanum, cerium, praseodymium, neodymium and samarium. And based on work that I have done in
Wicheeda Lake, that mineralogy is amenable to physical concentration and there should be no problems in chemical processing.