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Northcore Resources Announces Completion of its Property Evaluations

Explorer Northcore Resources Inc. (TSXv: NCR) completed a review of its property portfolio and reported the following on its property located in the Rocky Mountain Rare Metal Belt:

British Columbia Rare Earths project (Carbo-Wicheeda):  Extensive investigation by staff and Directors of the Corporation revealed that following the purchase of the property a failure to transfer the claim titles into the Corporations name and failure of the claim holder of record to notify the Corporation resulted in the expiration of the claims and subsequent loss of the property. The claim holder of record was advised in July 2012 by the BC Ministry of Mines that the claims were delinquent. The Company is currently investigating possible recourse to remedy the loss.”

 

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New British Columbia Ministry of Energy and Mines Release: Specialty & Rare Metals in British Columbia, Canada

In the recent E-newsletter by the British Columbia Geological Survey, George J. Simandl released GeoFile 2011-10, providing background information regarding rare metals and rare earth elements in British Columbia. (see GeoFile 2011-10)

The map accompanying the GeoFile is 1:2 000 000 scale and shows the location and geological setting of 106 rare metal and rare earth element occurrences throughout the Rocky Mountain Rare Metal Belt.

Specialty / Rare Metals in British Columbia, Canada

 
The occurrences have been grouped into seven geological categories based on the association between mineralization and host rock or key lithological units. The seven are as follows:

  1. Carbonatite/syenite-related deposits
  2. Peralkaline/alkaline intrusion-related deposits
  3. Skarns
  4. Pegmatites/granite hosted
  5. Placers and paleoplacers
  6. Phosphate-hosted REE deposits
  7. Others

The two most advanced rare metal projects identified were the Aley Niobium Project of Taseko Mines, and the Blue River Tantalum & Niobium Project of Commerce Resources.

Other rare earth element occurrences such as those in the Wicheeda Lake area were also highlighted. (Companies actively exploring the Rocky Mountain Rare Metal Belt)

Carbonatite/syenite-related deposits appear to be the primary exploration targets for niobium and rare earth element exploration in British Columbia.

For more information:

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Pending Rare Earth Element Results from Drilling and Airborne Surveys in the Rocky Mountain Rare Metal Belt

It is midway through October and a number of companies active in the Rocky Mountain Rare Metal Belt are reporting the progress of their exploration programs.  A summary of these are as follows:

Canadian International Minerals Inc. (TSXv: CIN)

Canadian International Minerals announced the completion of its 2011 diamond drill program at the Carbo Rare Earth Property near Prince George, British Columbia (see map). The Carbo Rare Earth Property is directly contiguous with Spectrum Mining Corp.’s Wicheeda Rare Earth Discovery. The company drilled 11 holes totalling 3,090 meters from six locations. The results have been submitted to Activation Laboratories of Ancaster, Ontario and will be released when available.

The following is a selection of photos from the exploration at the Carbo Rare Earth Property:

In addition, Canadian International Minerals closed a private placement financing in the amount of $672,060.  The funds will be used for working capital and mineral exploration at the Carbo Rare Earth Property.

Arctic Star Exploration Corp. (TSXv: ADD)

Arctic Star Exploration provided an update that an airborne survey has been completed on its Cap, Seebach and Javorsky properties within the Rocky Mountain Rare Metal Belt.  The group of claims are located 80 km northeast of Prince George and together comprises one of the largest land positions in the Wicheeda-Carbo camp.

According to the news release, the preliminary results of the survey have identified several radiometric anomalies on the Cap Property. As follow-up, a program of mapping, prospecting and sampling has commenced at the Cap in order to verify the geophysical anomalies and define drill targets.

International Montoro Resources (TSXv: IMT)

International Montoro provided an update that a magnetic and radiometric airborne geophysical survey has been completed over the Tacheeda Lake Rare Earth Element Prospect.

International Montoro’s President and CEO, Gary Musil, stated, “This airborne survey will assist in identifying and prioritizing rare earth element and other mineral targets for upcoming sampling, trenching and drill targets. The Company is awaiting the receipt of the survey data from Aeroquest. Once processing is completed we will immediately arrange for the data to be interpreted by an independent geophysical expert in order to prioritize further exploration work.”

In addition, International Montoro has expanded the size of their land position in the Rocky Mountain Rare Metal Belt by acquiring an additional 4,278 ha adjoining and surrounding its Tacheeda NW Prospect. This acquisition more than doubles the size of the company’s Tacheeda Lake Property.

Northcore Resources Inc. (TSXv: NCR)

Northcore Resources retained Aeroquest International to conduct multiple large-scale geophysical and radiometric airborne surveys for the South-East Cap, North Cap, MagAnomaly 1 and South Seebach properties.  The surveys will consist of approx. 635 line km and will be flown at 200 m line-spacing. The properties are being flown to provide magnetic, electromagnetic and radiometric data prior to the commencement of fieldwork.

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September 2011 Exploration Activities in the Rocky Mountain Rare Metal Belt

During September there was significant exploration for rare metals (tantalum and niobium) and rare earth elements in the Rocky Mountain Rare Metal Belt.  The exploration ranged from new work programs to the announcement of a significant new mineral resource calculation. A summary of these are as follows:

Taseko Mines Limited (TSX: TKO)

Taseko Mines announced an inferred resource of 159 million tonnes grading 0.43% Nb2O5 at the Aley Niobium Project located 130km north of Mackenzie, British Columbia (see map).  The resource estimate is based on exploration from Taseko’s 2010 drilling program and will form the basis of a geological model incorporating mine engineering studies.  In 2011, Taseko Mines completed an additional 65 drill holes and continued baseline environmental work.

Niobium, in the form of ferro niobium (FeNb), is used as an alloying element in steels and in the production of superalloys such as those used in the automotive, aviation, pipeline and the power generation sectors. Ferro niobium is only currently produced from three mining and processing facilities, two of which are located in Brazil and one in Quebec.  The demand for ferro niobium continues to increase.

Canadian International Minerals Inc. (TSXv: CIN)

Canadian International Minerals announced that mineralized carbonatite and related alkaline rocks were intercepted in significant widths during drilling at the company’s Carbo Rare Earth Element Property.  The Carbo Rare Earth Project is located 80km northeast of Prince George,British Columbia, within the Wicheeda-Carbo carbonatite camp and is directly contiguous with Spectrum Mining Corp.’s Wicheeda Rare Earth Discovery.  The area drilled is defined by distinct airborne magnetic and radiometric anomalies, coincident rare earth element and pathfinder soil geochemical anomalies, and newly mapped carbonatite surface exposures.  Samples have been sent for assaying and the final results will be released when available.

Canadian International Minerals also announced that they have entered into an amending agreement with Commerce Resources Corp. (TSXv: CCE) relating to the joint ventured Carbo Rare Earth Element Project.  Under the revised agreement, it is proposed that Canadian International Minerals would acquire a 100% interest in the Carbo Project.  The terms of the deal would make Commerce Resources one of Canadian International Minerals’ largest shareholders.

Critical Elements Corporation (TSXv: CRE)

Critical Elements updated its exploration work program at their rare metal and rare earth elements properties within the Rocky Mountain Rare Metal Belt.  An airborne survey was completed, and using preliminary Mag and radiometrics data, the company planned traverses for the Hiren, Trident, Kin and IRC properties. Critical Elements has also collected silt-stream samples for the Kin, Trident and Hiren properties.

By using the airborne data and infield XRF silt-stream analysis, traverses at the Kin property have revealed a new discovery of in-situ molybdenite, colombite or allanite and phosphate mineralization.

Bolero Resources Corp. (TSXv: BRU)

Bolero Resources reported the commencement of drilling at their Carbonatite Syndicate Property.  Drilling on the Carbonatite Syndicate will consist of approximately 2,000 meters and will target multiple coincident airborne radiometric and magnetic anomalies with anomalous rare earth and indicator element soil geochemistry identified through soil sampling in 2010.  A 2011 airborne survey over the property is also now complete and the final interpretation of airborne data is expected to be available shortly.

International Montoro Resources Inc. (TSXv: IMT)

International Montoro Resources retained Aeroquest International Limited to conduct multiple large-scale geophysical and radiometric airborne surveys over the highly prospective “Tacheeda NW” and “Chuchinka NW” prospects.  The airborne surveys will assist in identifying and prioritizing drill targets for planned upcoming drill programs.  The surveys will consist of approximately 1,400 line kilometers and will be flown at 50 meter line spacing.

Electric Metals Inc. (TSXv: EMI)

Electric Metals is focused on defining priority drill targets on its Chuchinka Property.  Geochemical sampling of soils and bedrock, together with ground-based geophysics in the form of precision magnetometer and scintillometer surveying are being applied to identify the most prospective rare earth element targets in preparation for drilling.

Rara Terra Minerals Corp. (TSXv: RTX)

Rara Terra Minerals announced the initiation of work programs at their Xeno and Lonnie Properties within the Rocky Mountain Rare Metal Belt.  Fugro Airborne Surveys Corp. has been engaged to execute a 748 line kilometer DIGHEM airborne survey at 100 meter spacing on the Xeno Property.  The survey is designed to be used as a guideline for subsequent fieldwork planned for October.

In addition, geochemical groundwork will begin shortly at the Lonnie Property.  Groundwork will include approximately 3,000 meters of trenching, 1,300 soil samples and approximately 160 stream sediment samples. This work will test geophysical anomalies identified from the magnetic survey performed in February, 2011.

Arctic Star Exploration Corp. (TSXv: ADD)

Arctic Star Exploration Corp. closed a private placement financing during September in the amount of $164,500.  The funds will be used for working capital and mineral exploration on the company’s properties.

Financial Statements

During the month of September, the following companies filed quarterly financial statements:

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Exploration in the Rocky Mountain Rare Metal Belt

While there are well over 400 rare earths exploration projects underway in many locales around the world, what has been named the Rocky Mountain Rare Metal Belt in British Columbia represents a unique opportunity for both explorers and resource stock investors.

China controls about 97% of rare earth production and because they have severely cut back on exports, there is tremendous demand for these very special elements.

Rare earths are used in cell phones, televisions, lighting, speakers, computers, lasers, and are also utilized for electricity generation and military applications. According to their various applications, demand for rare earth elements is different for each rare earth.

Rare metals such as tantalum and niobium are also in demand. Miniature tantalum capacitors make cell phones possible; tantalum capacitors are used for many electronic applications. Demand for tantalum is growing as buyers are now shunning sources in Africa that are tainted by conflict. Niobium is used to make lamp filaments, alloys and superconductive magnets.

Stretching for some 2,500 km from just above the Idaho and Montana borders in the south to the Yukon border in the north, Mother Nature has created the right geological environment along the Rocky Mountain Rare Metal Belt for the emplacement of both rare earth elements and rare metals.

Some explorers have been active along the belt for several years, while others have recently joined this select group of companies. For example, Taseko Mines Ltd. (TSX: TKO) acquired its Aley Niobium Project, 140 km north of Mackenzie, in 2007; it was actually discovered by Cominco in 1980. The Aley Project hosts an extensive body of niobium mineralization as indicated by the 2010 drilling. The deposit is wide open to expansion in at least three directions and to depth.

Since 2006, Commerce Resources Corp. (TSXv: CCE) has been advancing its Blue River Tantalum-Niobium Project north of Kamloops where substantial resources have been defined.

More recently, Chris Graf’s private company Spectrum Mining Corp. made a significant rare earths discovery on its Wicheeda property, north of Prince George, in 2009 where 11 drill holes intersected very encouraging mineralization. The best drill intercepts included 48.64 metres grading 3.55% rare earth elements, 72.0 metres of 2.92% REEs and 144.0 metres of 2.20% REEs.

This discovery prompted a staking rush in the region and over a dozen companies are currently conducting exploration programs. There was further encouragement when Canadian International Minerals (TSXv: CIN) drilled its 75%-owned property adjacent to the Wicheeda discovery and intercepted 37.3 metres grading 1.43% total rare earth oxides.

The Rocky Mountain Rare Metal Belt is a fast-developing exploration play that deserves the attention of resource stock investors.

Explorers in Search of Rare Earth Elements:

  • Arctic Star Exploration
  • Bolero Resources
  • Canadian International Minerals
  • Commerce Resources
  • Critical Elements
  • Electric Metals
  • International Montoro Resources
  • Northcore Resources
  • Rara Terra Minerals
  • Spectrum Mining

Explorers in Search of Rare Metals:

  • Commerce Resources
  • Critical Elements
  • Rara Terra Minerals
  • Taseko Mines
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Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) specializes in the exploration and development of rare metals and rare earth elements. Its most advanced rare metal project in the Rocky Mountain Rare Metal Belt is the Blue River Tantalum-Niobium Project north of Kamloops in southern British Columbia. The Upper Fir deposit at the Blue River Project is host to an Indicated Resource of 36,350,000 tonnes grading 195 ppm Ta2O5 (tantalum) and 1,700 ppm Nb2O5 (niobium).  Commerce also holds a 25% interest in the Carbo Rare Earth Project that is being developed by Canadian International Minerals Inc. In 2011, the company expects to spend $5 million on exploration within the Rocky Mountain Rare Metal Belt.

For more information on the Blue River Tantalum & Niobium Project:

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Map of the Rare Metal and Rare Earth Element Explorers in the Rocky Mountain Rare Metal Belt

Rocky Mountain Rare Metal Belt

Click Here to View Map in High Resolution

Explorers in Search of Rare Earth Elements:

  • Arctic Star Exploration
  • Bolero Resources
  • Canadian International Minerals
  • Commerce Resources
  • Critical Elements
  • Eagle Plains Resources
  • Electric Metals
  • International Montoro Resources
  • Northcore Resources
  • Orange Minerals
  • Rara Terra Minerals
  • Spectrum Mining

Explorers in Search of Rare Metals:

  • Commerce Resources
  • Critical Elements
  • Rara Terra Minerals
  • Taseko Mines

Follow the activities within the Rocky Mountain Rare Metal Belt on Twitter: @RareMetalBelt

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Critical Elements Corp. and the Rocky Mountain Rare Metal Belt

Critical Elements Corp. (TSXv: CRE) has announced the commencement of exploration activities at their five rare metals and rare earth elements projects in the Rocky Mountain Rare Metal Belt of British Columbia.   The exploration activities will consist of a 1,829 line-km airborne, radiometric and magnetic geophysical survey at the Trident, Kin, Hiren and IRC properties followed by ground prospecting, geological and geochemical surveys.

The ground program will include helicopter-assisted, stream-sediment sampling followed by rock sampling during prospecting traverses, and orientation portable XRF-assisted soil sampling in more promising areas. Prospecting and reconnaissance mapping will be completed at each of the project areas in conjunction with the geochemical program.  As well, for a more representative analysis, channel samples will be taken from the best targets in outcrop.

The program will build on results from the 2010 reconnaissance ground exploration program which focused on known targets of alkaline intrusive complexes (Trident & IRC) and new prospective RGS-generated targets (Kin, Hiren & Munroe).

Trident Property

Initial prospecting at the Trident Property verified the presence of widespread syenite intrusions over 10 km long by up to 1 km wide at Trident Mountain. Most importantly, eight rock and boulder samples collected in 2010 returned greater than 0.10% Nb2O5 (Niobium oxide) with one grab sample from outcrop returning 2.82% Nb2O5 and 500 g/t Ta2O5 (Tantalum oxide). Four boulder samples also returned greater than 0.30% TREO (Total Rare Earth Oxides) with one mafic intrusive boulder sample returning 2.81% TREO.

IRC Property

At the IRC Property, nine rock samples were collected in 2010 with three of the samples returning greater than 0.20% TREO. The best sample, a zeolite altered syenite, returned 0.30% TREO and 0.52% Nb2O5. This sample was a more anomalous version typical of 0.3 – 2 m wide syenite dykes that crisscross through the mafic alkaline host rocks in this and other parts of the Ice River Complex. This project is immediately adjacent to the Ice River REE-Nb-Base Metals Project operated by Eagle Plains Resources Ltd. (TSXv: EPL).

The following is a selection of photos from the IRC Property which is located in southeastern British Columbia.

Kin Property

Prospecting results at the Kin Property are very encouraging with four syenite boulder samples over a 700 x 700 metre area returning up to 5.26% TREO and 2.7% Nb2O5. Silt samples from the property are also exceedingly anomalous. Out of silt samples collected from this drainage, the single highest value of 2622 ppm TREE (Total Rare Earth Elements) was returned.  The sum of the boulder and silt anomalies indicates excellent prospective regions up-hill and up-ice within underexplored areas proximal to the Trident Property, located 10 km to the northwest.

Munroe Property

The Munroe Property is located near Canal Flats in British Columbia’s southeast corner and was acquired by the company in 2010.  After reviewing historical data on the property, Critical Elements will be conducting ground prospecting and geological and geochemical surveys. This work will be completed during the summer of 2011 at which time the results will be analyzed.   

Critical Elements anticipates spending in excess of $750,000 on exploration within the Rocky Mountain Rare Metal Belt in 2011, making them one of the leaders in the Belt.

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Research on Carbonatites and Alkaline Rocks in the Southern Canadian Cordillera

Dr. Leo Millonig and colleagues recently released a paper entitled Carbonatites and Alkaline Rocks in the Southern Canadian Cordillera.  The scope of the study was to provide reliable age data through LA-ICP-MS U-Pb age dating of zircons of previously updated and/or unknown carbonatites and accompanying alkaline rocks in British Columbia in order to better understand the mineralogical and chemical differences between the individual magmatic bodies and the geodynamic setting during their emplacement.

On August 4, 2011, Dr. Millonig will be presenting his ongoing research on types, distribution and timing of rare element mineralization to a number of mineral exploration companies active in the Rocky Mountain Rare Metal Belt.

The Rocky Mountain Rare Metal Belt runs from southeast to northwest British Columbia and is host to deposits of rare earth elements and rare metals.  Exploration companies active in the area include:

  • Arctic Star Exploration Corp. (TSXv: ADD)
  • Bolero Resources Corp. (TSXv: BRU)
  • Canadian International Minerals Inc. (TSXv: CIN)
  • Commerce Resources Corp. (TSXv: CCE)
  • Critical Elements Corp. (TSXv: CRE)
  • Electric Metals Inc. (TSXv: EMI)
  • International Montoro Resources Inc. (TSXv: IMT)
  • Northcore Resources Inc. (TSXv: NCR)
  • Rara Terra Minerals Corp. (TSXv: RTX)
  • Taseko Mines Limited (TSX: TKO)
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Dr. Leo Millonig and the Rocky Mountain Rare Metal Belt

We are pleased to welcome Dr. Leo Millonig to the Rocky Mountain Rare Metal Belt Team.

Dr. Leo Millonig

Dr. Millonig is a University of British Columbia (UBC) researcher investigating the geology and mineralization of the Rocky Mountain Rare Metal Belt (RMRMB) under the sponsorship of Zimtu Capital Corp. (TSXv: ZC) which has funded Leo’s post-doctoral position since April 2010. His main focus is on the types, distribution and timing of rare element mineralization in the RMRMB. With the objective of becoming the “go to’’ specialist in the area, Leo has visited many of the properties in the belt and would like to apply his data to enhance exploration strategies for rare elements in British Columbia. His field and laboratory work, combined with an extensive knowledge of metamorphic rocks, has led to valuable information about carbonatites and related rocks like fenites and syenites in the Cordillera. Leo’s investigative efforts have already been successful in identifying one new carbonatite body in the Perry River area near Revelstoke.

Through Leo and Dr. Lee Groat’s research group, there is access to the specialized scientific equipment at UBC which can help with rare metals and rare earths identification. The group has acquired a vast literature database which supplements the information gained from field work. Access to these resources can provide a company’s geological team with a higher degree of certainty about the rocks and minerals they are dealing with and how they fit into the bigger picture of mineralization in the belt. Leo’s experience in the field and his knowledge about the rocks and minerals of interest for rare metals and rare elements are an important resource for those companies exploring in the Rocky Mountain Rare Metal Belt.

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