Gabo Mining Ltd V.MDL

Back to the 50's today?

[tes1936]

It's a long shot but we might see steady gains into the 50's if the news below is happening this week!



At the Company's Red Wine HREE Project in southern Labrador, the summer 20 I 0 exploration program began with the an airborne geophysical survey in early July 20 I O. The preliminarThe preliminary data from this survey supports and expands previous estimates of the area for rare-earth mineralization. Strong magnetic and radiometric anomalies correspond to a large area on Company's 22-square-kilometre "A" block that is known to cover the eudialyte-bearing south Red Wine intrusion. Eudialyte is recognized as a mineral rich in the more valuable heavy rare-earth elements. Positive geophysical responses also point to new, potentially mineralized targets on the Company's "8 ", "c" and "D" blocks to the east and north of the "A" block. A field reconnaissance of the geophysical targets and all available historical geological information was completed by mid September. Assays of 34 reconnaissance samples were encouraging and a second sampling expedition was undertaken in mid October. Twenty-nine channel samples and 14 additional grab samples were collected before weather terminated the program. Assays are expected

by the mid December.