RE: Here is David Pescod full coverage of CIN toda
Look at those parts of Pescod's interview:
Basically, It is light
rare earths where the larger markets for tonnage exist!
DP: What do you know about the mineralogy of The Spectrum Wicheeda discovery and how close are you drilling to it?
PB: The drill targets on CIN Carbo property are within 900m of where Spectrum drilled in 2009. Spectrum Mining has encountered
intersections reported that run up to 3.55% rare earth elements ( note this understates the grade on an oxide
basis which I am quoting elsewhere today). No specific breakdown was provided on the individual rare earths that were
contained in this intersection. Dr Anthony Mariano, a world acknowledged rare earth geologist has identified the rare earths here contained in a coarse-grained monazite and a bastnesite–synchistic-parasite mineral. This description matches the mineralization noted in the CIN Wicheeda core as described in the news release today. Furthermore some
recovery work undertaken by Dr Mariano shows that this Spectrum mineralization can be concentrated. He has conducted
bench scale heavy liquid and magnetic separation on a composite core sample as well as rock samples from the
site. He produced a rare earth concentrate that contained 56.09%wt rare earth elements. This shows that the Wicheeda
rare earth mineralization of Spectrum is simple and easy to produce a saleable concentrate compared to most other
world rare earth deposits including Mountain Pass of Molycorp. By also applying flotation a rare earth concentrate of
some 60% is estimated achievable.. This would exceed the grade at Mountain Pass, the main north American producer
over the last four decades.
Today CIN put out a release on their Carbo property comprising 2778 hectares, on the western margin of the Rocky
Mountain trench 80km North east of Prince George. The Carbo property covers in excess of 6km of strike length of
the complex which is manifested as an elongate trending geophysical anomaly. Seven diamond drill holes have been
completed with drilling ongoing. Carbonatite mineralization has been detected in intervals throughout the holes
drilled with some intersections exceeding 20m. No assays are yet available but all core from the first 2 holes is currently
at the lab for assaying with results expected before the end of the month.
The style of mineralization observed is consistent with the other reported rare earth mineralization in the region.
Drilling is ongoing until weather precludes cost effective conditions
PB: Today Dave, I think I will just say that, in my opinion, the Carbo property with over 6km of strike length and
anomalous rare earth geochemical values in many areas is going to require ongoing exploration over an extended
period of time. Clearly this area affords terrific exploration, but in the end it will be a function of the results that come
from the drill. We are a couple of weeks away from our initial assays. I expect to talk to you again on this company as
the work advances.