RE: MAT vs. GMA re: drill resultsTypo discovered...sorry. GMA's current share price is $3.90 and not $3.98. This mistake has been corrected in the information that follows.
Drill results from Matamec's Kipawa REE Deposit in Quebec vs. drill results from GMA's Montviel REE deposit
Conclusion: MAT's Kipawa REE deposit is inferior to GMA's Montviel REE deposit
MAT
Current share price: 53 cents
Shares outstanding: 116,680,000
Market cap: $61,840,400
GMA
Current share price: $3.90
Shares outstanding: 17,915,477
Market cap: $69,870,360
MAT > Kipawa deposit, Quebec
Heavy Rare Earth Enriched Zones: 0.62% TREO(cut-off of Dy2O30.016%) 4,920,000 Indicated tonnes + 4,260,000 Inferred tonnes (January 20, 2011, NI43-101)
Winter 2010-2011 drilling campaign
In total, 42 NQ diamond drill holes were drilled, for a total of 3,332 meters.
Best result from 13 holes reported thus far:
KM94 > 5.2m at 1.448% TREO and 43% HREO/TREO
and
20.97m at 1.446% TREO and 30% HREO/TREO
and 2.75m at >O.322 TREO and 47% HREO/TREO
Source:
https://www.matamec.com/2011/01/matamec-intersects-1-45-treo-over-21-metres-on-its-kipawa-hreo-y-zr-deposit/
Summer 2010 drill program
> 20 holes totalling more than 2,115 meters were completed this summer on the central and eastern part of the REE-Y-Zr Kipawa deposit
> Mineralized zones range from 0.293 to 1.608% TREO and from 0.382 to 2.26% ZrO2 over thicknesses ranging from 0.4 to 16.5 meters. These intersections contain from 19% to 65% HeavyREO + Y2O3/ TREO.
Source:
https://www.matamec.com/2010/11/final-results-received-on-summer-drilling-program-at-hree-kipawa-deposit-sgs-geostat-to-update-resources-this-fall/
Matamec 2009 Drill campaign
> Thirty one (31) short drill holes have been done on the heavy rare-earth-yttrium-zircinium Kipawa deposit located on the Zeus property, of which five were in the West Zone, 19 in the Central Zone and 7 in the East Zone
> The REE mineralized zones intersected by the ten drill holes of the third preliminary analysis group range from .329% to 1.56% TREO over thicknesses of between 2.5 meters and 24.5 meters. In these drill hole intersections between 28% to 53% of the TREO is comprised of Heavy REO + Y2O3.
> In the ten drill holes of the second preliminary analysis group, the REE zones range from .366% to 1.60% TREO over thicknesses from 2.5 meters to 29.4 meters. These drill hole intersections contain 27% to 48% HeavyREO + Y2O3 / TREO;
> The total of each of the eleven drill holes of the first preliminary analysis group range from .474% to 1.54% TREO over thicknesses going from 2.5 meters to 17.6 meters. These drill hole intersections contain 17% to 48% HeavyREO + Y2O3 / TREO.
Sources:
https://www.matamec.com/2010/03/matamec-intersects-926-treo-over-29-4-metres-with-34-heavyreo-y2o3treo-and-1-19-zirconiumo2-over-64-9-metres-in-the-new-central-zone-on-the-kipawa-deposit/
https://www.matamec.com/2010/04/matamec-intersects-1-562-treo-over-10-5-metres-with-35-heavyreo-y2o3treo-and-96-zirconiumo2-over-73-2-metres-in-the-west-zone-on-the-kipawa-deposit/
April 2011 Corporate Presentation:
https://www.matamec.com/pdfs/Matamec-CorporatePresentation-030411.pdf