Agoracom Blog Home

Posts Tagged ‘$TSXV $FIS.CA #uranium’

Canada Rare Earths Successfully Identifies Electromagnetic Anomalies on both the Lac Des Iles West and La Loutre Graphite Properties, Quebec

Posted by AGORACOM-JC at 11:05 AM on Wednesday, June 20th, 2012

Jun 20, 2012 — Vancouver, British Columbia – June 20th, 2012 – Canada Rare Earths Inc. (“Canada Rare Earths” or “the Company”) (tsx.v:CJC) DE:YXEN -48.78% (otc-bb:CJCFF) is pleased to announce that a 1,145 line kilometer helicopter borne GPRTEM airborne survey has successfully revealed promising graphite targets on both the Lac des Iles West and La Loutre graphite properties. Both projects are located in close in proximity to Timcal Graphite and Carbon’s Lac des Iles Graphite Mine.

At Lac Des Iles West, the airborne survey has revealed an 8km long by 400m wide anomalous electromagnetic trend along with numerous interpreted NNW coincident structures immediately west of Timcal’s Lac Des Iles Graphite Mine. A comprehensive field program to verify the EM anomalies will be undertaken shortly.

At La Loutre, a geological team recently completed a detailed mapping and sampling program which discovered multiple showings of graphite contained in paragneiss and marble and exposed at surface. Samples from these showings were visually estimated to contain up to 30% graphite. Visible flake graphite was also widely reported. All surface samples have been sent to a lab for further analysis, and the results are anticipated within the next few weeks. Meanwhile, the La Loutre airborne survey revealed a strong electromagnetic trend over 10 kilometers long and up to 1 kilometer wide which is also coincident with these surface showings, confirming that the electromagnetic anomaly is certainly associated with graphite where these outcrops were discovered, but equally that this electromagnetic anomaly is also likely suggesting the potential for a much larger graphite bearing system where it is covered by overburden as well.

To review maps of the surveys, please visit the links below:

The Lac Des Iles West electromagnetic survey map

The La Loutre electromagnetic survey map

The La Loutre geological mapping and sampling and electromagnetic map

The GPRTEM – MAG Survey is a high resolution time domain transient electromagnetic survey system. The platform intends to provide very high quality data with a radar altimeter with an accuracy of 1.5 meters and a real-time GPS navigation system with differential corrections providing an in-flight accuracy within 2 meters.

As a result of this work, both projects warrant further exploration.

Alain Moreau P.Geo, Geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the Lac Des Iles West technical content of this release.

Jean-Sebastien Lavallee P.Geo, Geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the La Loutre and Labelle technical content of this release.


Natural graphite comes in several forms: flake, amorphous and lump. Graphite has many important new applications including its use in lithium ion batteries, fuel cells and nuclear and solar power that have the potential to significantly increase the demand for this critical element. For instance, there is between 10 and 30 times more graphite required by weight to produce a lithium-ion battery than there is lithium. In addition, the recent discovery of a new material called graphene, which is actually derived from graphite, has also heightened interest. International research is now underway into a number of its potential applications including enhancing the speed and processing power of many modern electronic devices. This has also increased the interest in graphite.

Meanwhile, global consumption of natural graphite has increased from ~600,000 in 2000 to 1.2 MM t in 2012. Demand for graphite has been increasing by approximately 5% per year since 2000 due to the ongoing modernization of China, India and other emerging economies, resulting in strong demand from traditional end uses such as the steel and automotive industries. Of the 1.2 million tons of graphite produced annually, approximately 40% is of the most desirable flake type. China, which produces about 73% of the world’s graphite, is seeing production and export growth leveling and export taxes and a licensing system have been instituted. A recent European Commission study regarding the criticality of 41 different materials to the European economy included graphite among the 14 materials high in both economic importance and supply risk (Critical Raw Materials for the EU, July 2010). As a function of these fundamentals, demand for graphite and thereby prices are expected to rise as electric vehicles and lithium battery technology continue to be adopted and while the material performs a greater role in new technology applications. Graphite prices have been increasing in recent months and over the last couple of years and prices for large flake, high purity graphite (+80 mesh, 0.2mm, 94-97% Carbon) have more than doubled.

For more information on Canada Rare Earths Inc., please visit or call 604.685.5851.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

On Behalf of the Board,

“Chad McMillan”

President & CEO

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the Company’s plans for and intentions with respect to the exploration of the Lac Des Isles West, La Loutre and Labelle Projects, and historical information of the projects constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain any required government or other regulatory approvals and any required financing to complete the Company’s planned exploration activities, that the Company is able to procure equipment and supplies in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management’s expectations. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to Canada Rare Earth’s operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company’s exploration activities being different than those expected by management, uncertainties involved in the interpretation of drilling results and geological tests, delays in obtaining required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdowns and bad weather. 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. Readers are cautioned not to place undue reliance on forward-looking statements. Canada Rare Earths does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Golden Hope Repeats Long Intercept in Wedge Holes with 1.27 g/t Au Over 57 M

Posted by AGORACOM-JC at 9:43 AM on Monday, March 5th, 2012

Golden Hope Mines recently announced further significant results from its 2011 drill campaign in southeastern, Quebec. The company received results from the wedge holes BD2011-167a and BD2011-167b.

The two wedges repeat the 53m long intersection of 0.63 g/t Au found in previously announced hole BD2011-167 with a 56m long interval of 0.75 g/t Au in BD2011-167a and a 57m long interval of 1.27 g/t Au in BD2011-167b. At its bottom extremity, the wedge also confirms the previously encountered mineralization found in BD2011-167 as BD2011-167a intersected 5m of 2.59 g/t Au including 1m of 12.40 g/t Au. The horizontal extent of this zone is still under investigation with more drilling planned in the immediate vicinity.

“The wedges confirm the presence of the mineralized zone of gold and in particular repeat the previous announced results from hole 167. We are pleased with the amount of important information that we continue to accumulate as we move closer to our initial goal of a resource estimate at Bellechasse-Timmins” states Frank Candido, President, Golden Hope Mines Limited.

About Golden Hope Mines Limited:

Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The company’s focus is in southeastern Quebec, Canada. The company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres southwest of Beauceville.

Corporate Website / Golden Hope Hub

$FIS.CA Fission Energy Corp.

Posted by AGORACOM at 4:17 PM on Sunday, February 26th, 2012

Fission Energy ($FIS.CA) has been doing quite nicely lately with positive news hitting the wire for the last few weeks. They have increased their exploration budget, staked more ground and announced Three Step-Out Holes with “Off-Scale” Radioactivity.

Uranium has been under pressure since the Japanese distater last April but recovering nicely as of late with names across the board putting up nice gains.

I mentionned $FIS.CA a few weeks ago with good reason, here’s the chart… looks sexy!