This has still not changed. February 09, 2012 10:00 AM Eastern Daylight Time
Stans Energy Discovers New Mineralized Zone at Kutessay II
TORONTO--(BUSINESS WIRE)--Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) is pleased to report that a new mineralized zone has been found within the historic open pit boundaries of its past producing rare earth mine Kutessay II. The new zone is open along strike and to depth.
This new zone included 21.5 meters of 0.41% TREO with a HREE/LREE ratio of 68.4% to 31.6%. Six holes were drilled for a total of 2570 meters. The total HREE/LREE ratio for all the mineralized zones above the historic cut-off grade of 0.10% intersected in the 2011 drilling was 48.4% to 51.6%.
The main purpose of the 2011 drilling was to delineate the depth extension of the known mineralized zone of the Kutessay II deposit. The drilling confirmed the mineralization at Kutessay II extends below the 2093m level.
Six drill holes were drilled in the fall of 2011 from the Kutessay open pit (+2352m level). Drill hole No.D003 is 570m deep; No.D004 – 550m; No.D005 – 487m; No.D006 – 162m; No.D007 – 464m; and No.D009 – 337m deep respectively, on vertical sections, Profiles: X, XIV, VIII, XI, XII, and XV. Intervals between the Sections range between 50m and 65m.
The results of these six drill holes indicate the open pit may be enlarged and deepened based on the following parameters:
- Minimum mineralized thickness is 3m;
- Total rare earths cut-off grade is 0.1%
Exploration was also conducted on the Aktyuz ore field resulting in 50 geochemical anomalies, 36 of which were poorly explored in the past. The focus of the 2012 exploration program will be to expand the new mineralized zone discovered in the 2011 drilling along strike and to depth and to better define the extent of this mineralization. For a complete report on the 2011 exploration and drilling please see our website www.stansenergy.com
Robert Mackay, CEO and President, states, “The encouraging results from the 2011 exploration program indicate that ‘blind mineralized zones’ are present within the confines of the open pit and that these zones are open to depth and along strike. The 2012 exploration program will concentrate on expanding the known mineralization within the open pit boundary and testing some high priority targets in the Aktyuz Ore Field.”