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RecycLiCo Battery Materials Inc V.AMY

Alternate Symbol(s):  AMYZF

RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. Its segments include the research and development of recycling battery cathode waste in lithium-ion batteries and the acquisition, exploration and development of interests in mineral resource projects in British Columbia, Canada and Arizona, USA. It has developed advanced technologies that recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. It recovers up to 99% of cathode metals from battery waste and upcycles them into high purity, battery-ready materials. Integrate a bespoke RecycLiCo Clean Spot plant and its patented closed loop, multi-tons per day, lithium-ion battery recycling and upcycling process-on-site-within a client’s battery factory or battery recycling operation. Its properties include Artillery Peak, Rocher Deboule and Lonnie.


TSXV:AMY - Post by User

Post by obeyobeyon Mar 27, 2012 11:56am
212 Views
Post# 19723024

News

News

American Manganese Inc.

March 27, 2012 11:50 ET

American Manganese Inc. Receives Soil Geochemical Survey Results From Lonnie Project From Rara Terra Minerals

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2012) -American Manganese Inc. ("American Manganese" or the "Company") (TSX VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM) is pleased to announce results of the geochemical work program completed by Rara Terra Minerals Corp. (TSX VENTURE:RTX) on its Lonnie joint venture project in central British Columbia during the months of September and October 2011.

As a followup to the airborne magnetic survey conducted in March 2011, a comprehensive geochemical soil survey over the magnetic anomalies with a particular focus on magnetic highs and magnetic lows was completed. The program was managed and conducted by Minconsult Exploration Services, of Vernon, BC. The objective of this program was to identify near-surface exposure and trend of carbonatite bodies which are pervasive on the Lonnie property. Samples were collected at 50m intervals along lines spaced at 100m for a total of 39.7 line kilometers. Grid control was by handheld GPS instruments.

A total of 876 soil samples were collected and analyzed. The results are encouraging, especially for three strongly anomalous zones returning up to 8467 ppm total Rare Earth Elements + Yttrium (TREE+Y) being delineated along a consistent five kilometre long NW trend. Additional anomalous zones have also been located, generally along the same strike trend, and could prove to be extensions of the known zones. Where warranted, anomalies will be followed-up by trenching and drilling programs to begin later this year.

Highlights:

Zone 1 - Vergil - Strong Niobium (Nb) and TREE+Y anomalies occur in this approximately 800 x 400 m zone. Niobium values up to 1003 ppm and TREE+Y values of up to 2225 ppm were obtained. These anomalies appear to be open to the north, west and south.

Zone 2 - Blue Dot - The highest value (TREE+Y = 8467 ppm) collected during the geochemical survey was taken on the western edge of a regional shear structure coincident with two small, adjacent magnetic lows that were specifically targetted for sampling on this survey. The corresponding niobium value for this sample was 223 ppm. Interestingly, there are a number of anomolous molybdenum showings (as high as 63 ppm) in Zone 2.

Zone 3 - Lonnie South - This anomaly (approximately 200 x 500 m) is east and southeast of the historic Lonnie 1 showing. Peak values in these soils were 940 ppm for Nb and 6626 ppm for TREE+Y.

Zone 4 - Granite Creek West - An approximate 1000 x 300 m rare earth and niobium soil anomaly has been identified here. Peak values for TREE+Y in soil include 2206 ppm and 1430 ppm, while Nb values include 1438 ppm and 868 ppm. Anomalous values are coincident with magnetic highs.

Maps for reference:

1. Lonnie compilation map with zone names, total mag intensity and TREE+Y anomalies:

https://www.raraterra.com/documents/Lonnie_Geology.pdf

2. Geochemical Nb anomalies:

https://www.raraterra.com/documents/Lonnie_Geochemical_NB.pdf

3. Geochemical TREE+Y anomalies:

https://www.raraterra.com/documents/Lonnie_Geochemical_TREE+Y.pdf

Alex Helmel, CEO of Rara Terra, stated: "With soil samples approaching 1% total rare earths, plus additional Niobium credits, we are encouraged that higher grade mineralization exists in the bedrock beneath the overburden and are especially encouraged by the discovery of the Blue Dot anomaly [Zone 2] in an area of the Lonnie property previously untouched."

The Lonnie Property

Located 220 km northwest of Prince George, BC, the Lonnie Property consists of ten mineral claims, totaling 2480 hectares, and is underlain by metasediments of the Upper Proterozoic Wolverine Complex. The metasediments include quartz - hornblende gneiss, quartz gneiss, quartzite and garnet biotite muscovite schist which are intruded by a conformable medium grained carbonatite complex, that account for the Vergil and Lonnie showings.

The Lonnie property is under a 3-year option to Rara Terra Minerals Corp. (TSX VENTURE:RTX).

Sample Preparation and Analysis

All samples were collected from the "B" soil horizon at depths of up to 0.6 m, placed into tamperproof bags, labelled and then transferred to Acme Analytic Laboratories Ltd in Vancouver, BC, where they were treated according to the Acme procedure SS80 and then analyzed for 43 elements by ICP methods (Acme procedure 1T-MS). Overlimit Ce and La samples were reanalyzed using Acme procedure 4B03.

TREE+Y is the addition of all parts per million (ppm) values for rare earth elements (lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium) plus yttrium.

Qualified person

Rara Terra's qualified person, Robert Friesen, P.Geo., has read and approved the technical disclosure contained in this news release.

About American Manganese Inc.

American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming the lowest cost producer of electrolytic manganese metal from its Arizona Manganese Project.

On behalf of Management

AMERICAN MANGANESE INC.

Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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