Summary of early results...According to slides 14 & 15 (Re: Critical Metals matrix) from GMA's March 2011 corporate presentation...
https://www.ressourcesgeomega.ca/mediatask/dump/GMA.pdf
GMA has significant values of the following REO's:
Re: Short Term (0-5 years)
(low value = 1; high value = 4)
Neodymium
Supply risk > 4
Importance to clean energy > 3
Cerium
Supply risk > 2
Importance to clean energy > 3
Lanthanum
Supply risk > 2
Importance to clean energy > 3
Europium
Supply risk > 3
Importance to clean energy > 3
Dysprosium
Supply risk > 4
Importance to clean energy > 4
** Significant niobium and phosphate by-products
Re: Medium Term (5-15 years)
Neodymium
Supply risk > 3
Importance to clean energy > 4
Cerium
Supply risk > 2
Importance to clean energy > 2
Lanthanum
Supply risk > 2
Importance to clean energy > 2
Europium
Supply risk > 3
Importance to clean energy > 3
Dysprosium
Supply risk > 4
Importance to clean energy > 4
** Significant niobium and phosphate by-products
According to slide 16 (Re: Changes in reported REO prices over 3 and 12 months) from GMA's March 2011 corporate presentation...
https://www.ressourcesgeomega.ca/mediatask/dump/GMA.pdf
GMA has significant values of the following REO's:
Lanthanum > Current price = $73US/kg
Cerium > Current price = $71US/kg
Praseodymium > Current price = $114.5US/kg
Neodymium > Current price = $124.5US/kg
Samarium > Current price = $61US/kg
Europium > Current price = $650US/kg
Gadolinium > Current price = $73.5US/kg
Dysprosium > Current price = $630US/kg
Excerpt from GMA's February 8, 2011 news release:
https://www.newswire.ca/en/releases/archive/February2011/08/c8948.html
MONTREAL, Feb. 8 /CNW Telbec/ - GEOMEGA RESOURCES INC. ("GéoMégA") is pleased to announce the first drill results from its Phase I drilling program. Hole MVL-10-01 started and ended in mineralized carbonatite intersecting 1.24% total rare earth oxides (TREO) over its entire 480 meters core length, from 21 to 501 meters, including a high grade section of 2.03% TREO over 39.4 meters from 266.6 to 306 meters.
Hole MVL-10-01 (azimuth N330°, -55° dip) was collared on section 2+00W, to test a magnetic low in the core of the carbonatite complex. The stratigraphy is interpreted to dip steeply to the SE. True thickness is estimated to be 80 % core length.
Neodymium and Praseodymium oxides average 23% of the TREO over the 480 m core length. The distribution of middle to heavy rare earth oxides (MHREO) content represents up to 22% of TREO in a 7.55 meter core length section from 39.00 to 46.55 m. MHREO is defined as samarium through lutetium plus yttrium. Cerium, Lanthanum and Neodymium are the most abundant of the total rare earth elements.
In addition to TREO, Niobium oxide values were also intersected in the hole with best intersection returning 0.158% Nb2O5 over 22.05 m from 280.95 to 303.00 m.
The diamond drilling program is now well underway with 2,800 m completed and drilling will continue until the spring break up. Five (5) drill holes have been completed to date. Hole MVL-10-03 was collared on strike, 300 meters west of hole MVL-10-01 on section 5+00W. Holes MVL-11-04 and 05 were collared 200 meters north of hole MVL-10-01 on the same section 2+00W. Hole MVL-11-06 was collared 135 meters south of hole MVL-10-03 on section 5+00W.
Excerpt from GMA's February 14, 2011 news release:
https://www.newswire.ca/en/releases/archive/February2011/14/c2388.html
MVL-10-03 (azimuth 330 degree, dip -55 degree) was collared on strike, 300 meters west of MVL-10-01 which intersected 1.24% TREO over 480 meters. Both drill holes, which started and ended in mineralization, are within a magnetic low in the core of the carbonatite complex.
Neodymium oxide continues to be an important component of the TREO with an average grade of 0.24% (2.4 kg per tonne) over the 512.7 meter core length of MVL-10-03 and 0.34% over 51.8 meters from 132 to 183.8 meters.
Praseodymium oxide averages 0.074% over 512.7 meters and 0.11% over the 51.8 meters high grade section.
The distribution of rare earth elements with significant values starting with the most abundant is as follows: Cerium, Lanthanum,Neodymium, Praseodymium, Samarium, Gadolinium, Europium and Dysprosium.
As well, niobium values are more consistent and widespread in MVL-10-03 with 0.105% Nb2O5 over 364.5 meters from 148.5 meters 513 meters.
An apatite rich zone was also intersected at the start of the hole returning 5.41% P2O5 over the first 58.40 meters of core from 21.3 meters to 79.7 meters.
"The results of MVL-10-03 confirm the potential to define a large, near surface REE deposit, with possible significant niobium and phosphate by-products. We will continue to define the extent of the mineralised zone with step out drilling along strike to the west and east, and on section to the north and south. " comments Simon Britt.