The map in the link below should show how promising AMI's land position is with relationship to REE's exploration.
You can't see Spectrum Mining's share price because their a private company, but you can take a look at what Bolero (BRU:TSX Venture) is doing since they just recently purchased land from Spectrum.
Looks like EMI is setting up to become one very nice speculative play. atb
Mr. R. Bruce Duncan reports
BOLERO ACQUIRES RARE EARTH ELEMENT CLAIMS PREVIOUSLY HELD BY SPECTRUM MINING CORP.
Bolero Resources Corp. has acquired 13 mineral claims covering over 11,620 acres of lands highly prospective for rare earth elements and previously owned as part of Spectrum Mining Corp.'s Wicheeda rare earth element discovery. The new claims are contiguous to Bolero's existing claim blocks and cover extensions to airborne radiometric anomalies identified from Bolero's recently flown Aeroquest airborne survey.
One of the two primary anomalies indentified correlates with Bolero's previously announced rare-earth-element soil assays (maximum concentrations of cerium and lanthanum to as high as 1,205 parts per million and 663 ppm, respectively), while the other anomaly of equal magnitude remains to be fully assessed on the ground. Bolero is currently in negotiations on additional claims that were also previously held by Spectrum.
Bolero Resources' president and chief executive officer, R. Bruce Duncan, stated: "Bolero has secured multiple strategic claims, previously held privately by Spectrum Mining, located on trend with the Wicheeda REE discovery. Of this package, 1,873 hectares comprises approximately 42 per cent of Spectrum's original southern tenure. Not only does Bolero now have the largest contiguous land package in the area, but the acquisition of these new claims brings Bolero's property border within 400 metres of known, mapped carbonatite structures containing highly anomalous rare earth elements, including: cerium, niobium, barium, zinc and strontium. With drill permits now in place, Bolero anticipates the timely commencement of a multihole drill program designed to test existing and newly acquired anomalies on up to three separate drill sites."
About the Carbonatite Syndicate
The Carbonatite Syndicate prospect consists of 70 claims covering approximately 67,601 acres and is accessible by all-weather gravel roads. It is approximately 80 kilometres northeast of Prince George, B.C., along the Rocky Mountain trench, a major continental geologic feature which is now recognized for its numerous potentially economic concentrations of rare metals. The Carbonatite Syndicate prospect is the largest contiguous land package and surrounds Spectrum Mining's Wicheeda rare earth discovery on the south, east and western fronts.
Spectrum Mining's neighboring Wicheeda property recently announced drill hole intersections of 48.64 metres of 3.55 per cent combined rare earth elements, 144 metres of 2.2 per cent combined REEs and 72 metres of 2.92 per cent REEs. All intersections were collared in mineralization, and assays were given in total elemental REEs, which understate actual REE oxide content.
Mineral analysis on 2009 drill core by Dr. Anthony Mariano, a recognized authority on REEs, indicated that the primary REEs are contained in coarse-grained monazite and a bastnesite-synchistite-parasite mineral. Dr. Mariano also conducted a bench-scale heavy-liquid and magnetic-separation study on a composite sample of Wicheeda drill core and was able to produce a high-grade REE concentrate that contained 56.09 per cent weighted REE.
David Turner, MSc, PGeo, an independent qualified person (as such term is defined by NI 43-101), is responsible for the preparation of the technical information in this release.