RE: RE: RE: RE: New Presentation The fact that Akiko and Gold Canyon have the trust of the Japanese is impressive in itself. The deal has already been made in that Gold Canyon has an exclusive license covering the entire Chambe basin, and JOCMEG is GCU's 67% JV partner. Count on JOCMEG for closely guarding any information unless it is considered material and therefore must be released. Where I'm curious is the economic results scheduled for release by end of Q1 13, and the "deal" that I would like to see where we see monetization via a Japanese buyout of GCU's 33% interest. As you say, all "extremely confidential." As you can see from these excerpts from the 43-101, this is a special case and therefore, would seem especially sensitive:
Geological report
on the
CHAMBE BASIN AREA
OF
EXCLUSIVE PROSPECTING LICENCE
EPL 0325/11
MULANJE MASSIF
SOUTHERN MALAWI
EAST AFRICA
to
Gold Canyon Resources Inc
The type of REE deposit being explored for in the Chambe Basin is commonly referred to as the “ion-adsorption clay type”, although various other names have been used including “south China type”, “Jiangxi rare earth ores”,“weathered crust elution-deposited rare earth ores”, “MEX-REY ores”, and “ionic REE ores” . The following summary is taken from a number of sources, including Bao and Zhao (2008), Chi (1988), Chi and others (2005) , Chi and Tian (2008), Ishihara and others (2008), Kanazawa and Kamitami (2005), Maksimovic and Panto (1996), Morteani and Preinfalk (1996), Murakami and Ishihara (2008), Ion adsorption type REE deposits are fairly common in China, where theywere first discovered in the 1970’s, and now number at least 214 deposits (Bao and Zhao (2008)), but are almost unknown elsewhere in the world.
.... It is concluded that the Chambe Basin soils fit the model of ionic REE deposits
known mostly from China, as first proposed by J. Ishikawa.
....
23 ADJACENT PROPERTIES
Although a number of REE deposits are known in Malawi, some of which are being evaluated economically, none are of the ion-adsorption REE type and therefore cannot usefully be compared with the Chambe Basin.