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19 August 2011

Final results received on summer drilling program at HREE Kipawa deposit, SGS-Geostat to update resources this fall

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Final results received on summer drilling program at HREE Kipawa deposit, SGS-Geostat to update resources this fall

Matamec Explorations Inc. ("Matamec" or the “Company” - TSX-V: MAT) is pleased to announce that it has received all analytical results from its summer drilling campaign on the rare earths-yttrium-zirconium (REE-Y-Zr) Kipawa deposit, located within the Zeus property in western Quebec (see our September 23rd press release). All enriched TREO zones and all zirconium-TREO zones are presented in Table 1 and 2 below. All drill holes contain mineralized zone(s) of either TREO and/or zirconium. Press Release Highlights
  • 20 holes totalling more than 2,115 meters were completed this summer on the central and eastern part of the REE-Y-Zr Kipawa deposit;
  • The Kipawa deposit is considered both open laterally and at depth;
  • An update resource calculation is presently in progress at SGS-Geostat;
  • The Kipawa deposit is considered both open laterally and at depth;
  • A second drilling campaign is scheduled for Fall 2010 to improve the quality of the resources and test the lateral extensions of the Kipawa deposit;
  • In September, Matamec’s team prospected the lateral extensions of the deposit and other sectors of the Zeus property.
The Summer 2010 campaign consisted of 20 holes numbered KM-62 to KM-81 (green squares on Figure 1), totalling 2,115 meters. Note that on Figure 1, the blue outline delineates resources calculated by the independent firm SGS Canada Inc. - Geological Group Geostat after the 2009 drilling campaign (press release dated June 3, 2010). Now that all overlimit re-analysis have been received (Table 1 and 2), a new resource calculation is underway through the offices of that same firm. André Gauthier, President of Matamec, emphasizes that "results from these 20 new drill holes is likely to increase resources”. This is the seventh set of results released from Matamec’s 2010 exploration campaign on its rare earths-yttrium-zirconium Zeus property, which covers much of the Kipawa Alkalic Complex. In addition to the drilling campaign described here, the 2010 campaign also included exploration around the TH showing (see September 20th press release), the Surprise showing (see August 19th, August 26th and September 2nd, 2010 press releases), the Falaises showing (see October 5th) and the PB area. During the September exploration campaign that followed the drilling program, Matamec also prospected the North-West and South-East extensions of the deposit (via manual trenching, limited channel sampling and B-Horizon soil sampling) and visited prospective locations on the property at large. A second drilling campaign is scheduled for Fall 2010 to improve the quality of the resources and test the lateral extensions of the Kipawa deposit; Table 1: Enriched TREO-Zr Zones Table 1 shows TREO-enriched zones for all drill holes, as defined by a 0.1% Y2O3 cut-off. Mineralized zones range from 0.293 to 1.608% TREO and from 0.382 to 2.26% ZrO2 over thicknesses ranging from 0.4 to 16.5 meters. These intersections contain from 19% to 65% HeavyREO + Y2O3/ TREO.

Table 1

TREO Final Analyses Results

Summer Drilling Campaign of 2010 on the Kipawa Deposit

Drill

Hole

From

(m)

To

(m)

Width

(m)

ZrO2

(%)

LREO

(%)

IREO

(%)

HREO

(%)

Y2O3

(%)

TREO

(%)

% HREO

+Y2O3

/TREO

KM62

 

Includ.

29.1

33.6

4.55

0.843

0.318

0.03

0.047

0.098

0.494

29

Includ.

51.22

53.15

1.93

1.205

0.251

0.035

0.085

0.163

0.534

46

Includ.

55.2

58.75

3.55

1.215

0.083

0.02

0.07

0.119

0.293

65

KM63

 

Includ.

37

39

2

0.49

0.562

0.048

0.048

0.112

0.769

21

Includ.

42

43.6

1.6

0.861

0.391

0.038

0.069

0.135

0.633

32

Includ.

51.4

53.55

2.15

1.262

0.371

0.055

0.132

0.246

0.804

47

Includ.

104.45

107.2

2.75

0.736

0.354

0.03

0.062

0.154

0.6

36

KM64

 

Includ.

26.33

28.07

1.74

0.809

0.68

0.097

0.169

0.415

1.361

43

Includ.

30.3

34.45

4.15

0.737

0.54

0.046

0.058

0.117

0.761

23

Includ.

38.6

40.95

2.35

0.838

0.307

0.032

0.055

0.118

0.512

34

Includ.

92.6

98.65

6.05

0.383

0.565

0.062

0.106

0.25

0.983

36

KM65

 

Includ.

37.15

40.05

2.9

0.769

0.472

0.045

0.073

0.164

0.754

31

Includ.

44.22

47.7

3.48

1.084

0.401

0.061

0.167

0.319

0.948

51

Includ.

78

79,5

1.5

1.351

0.233

0.029

0.058

0.135

0.455

42

Includ.

85.5

88

2.5

0.729

0.317

0.026

0.048

0.105

0.495

31

KM66

39.2

41.3

2.1

1.324

0.415

0.069

0.199

0.364

1.046

54

KM67

33.05

39

5.95

0.899

0.303

0.032

0.049

0.10

0.484

31

KM68

96

96.4

0.4

0.382

0.421

0.035

0.051

0.101

0.608

25

KM69

                   

Includ.

44.1

48.5

4.4

0.7

0.388

0.039

0.062

0.131

0.62

31

Includ.

94.15

95.7

1.55

0.177

0.49

0.051

0.07

0.165

0.775

30

KM70

58.95

62.85

3.9

1.751

0.16

0.028

0.074

0.136

0.398

53

KM71

107.3

108

0.7

1.351

0.263

0.043

0.124

0.289

0.719

57

KM72

47.51

48.4

0.89

1.092

0.228

0.033

0.086

0.143

0.491

47

KM73

35.45

37.75

2.3

0.447

0.629

0.055

0.068

0.135

0.887

23

KM74

 

Includ.

30.35

36.5

6.15

0.638

0.347

0.035

0.057

0.139

0.578

34

Includ.

51

54.05

3.05

0.764

1.204

0.096

0.110

0.198

1.608

19

KM75

 

Includ.

49.5

51.35

1.85

0.446

0.374

0.034

0.056

0.121

0.586

30

Includ.

54.55

57.65

3.1

2.26

0.155

0.025

0.069

0.126

0.375

52

KM77

85

86.35

1.35

0.841

0.093

0.021

0.058

0.112

0.284

60

KM78

23.95

40.4

16.45

0.817

0.525

0.064

0.11

0.255

0.954

38

KM79

45.6

53.3

7.7

1.259

0.316

0.042

0.098

0.197

0.653

45

KM81

 

Includ.

25.25

29.35

4.1

1.264

0.391

0.051

0.095

0.185

0.722

39

Includ.

47.85

49.75

1.9

0.962

0.45

0.047

0.086

0.168

0.75

34

Includ.

62.05

64.7

2.65

0.879

0.739

0.083

0.194

0.350

1.366

40

Includ.

102

104.9

2.9

0.574

0.469

0.039

0.063

0.15

0.721

30

* LREO: Light rare earths in oxides = La2O3 to Nd2O3.

**MREO: Medium rare earths in oxides = Sm2O3 to Gd2O3.

***HREO: Heavy rare earths in oxides = Tb2O3 to Lu2O3.

****TREO: Total Rare Earth Oxides = LREO + MREO + HREO + Y2O3.

Sub-divisions used by Roskill Information Services Ltd. and Industrial Minerals Company of Australia Pty Ltd.

Table 2: Zirconium-TREO Zone Table 2 shows all the results of the drills holes for the Zirconim-TREO zone of the deposit. In this second table ZrO2 defined zone using a 0.5% ZrO2 cut-off, all drill holes contain Zirconium-TREO mineralized zones, ranging from 0.528 to 1.682% ZrO2 and from 0.027 to 0.681% TREO over thicknesses ranging from 2.6 to 81.7 meters. These intersections contain from 11 to 69% HeavyREO + Y2O3/ TREO. Please note that these zones are not exclusive of those listed in table 1: the TREO-enriched zones of that table are almost always included within the thicker zirconium zones described here. The two should not be added together.

 

Table 2

Zirconium Final Analyses Results

Summer Drilling Campaign of 2010 on the Kipawa Deposit

Drill

Hole

From

(m)

To

(m)

Width

(m)

ZrO2

(%)

LREO

(%)

IREO

(%)

HREO

(%)

Y2O3

(%)

TREO

(%)

% HREO

+Y2O3

/TREO

KM62

 

Includ.

19.6

47.0

27.4

0.829

0.164

0.016

0,027

0.059

0.266

24

Includ.

51.2

62.0

10.7

1.247

0.092

0.016

0.046

0.084

0.239

29

Includ.

70.5

73.7

3.2

1.174

0.021

0.002

0.003

0.008

0.035

26

Includ.

76.5

100.9

24.4

1.103

0.064

0.007

0.014

0.024

0.109

24

Includ.

103.5

107.4

3.9

1.058

0.129

0.011

0.016

0.033

0.188

34

KM63

 

Includ.

18.0

25.5

7.5

0.728

0.156

0.015

0.025

0.053

0.249

22

Includ.

29.6

45.0

15.4

0.785

0.249

0.023

0.030

0.062

0.364

23

Includ.

48.1

53.6

5.5

1.024

0.175

0.025

0.059

0.112

0.372

23

Includ.

58.5

107.2

48.7

1.245

0.062

0.007

0.015

0.029

0.113

53

KM64

                   

Includ.

18.8

22.6

3.7

1.106

0.052

0.005

0.009

0.019

0.084

36

Includ.

25.3

96.0

70.7

0.802

0.220

0.035

0.063

0.130

0.447

45

KM65

 

Includ.

16.3

40.1

23.8

0.850

0.199

0.018

0.026

0.058

0.301

11

Includ.

42.8

50.5

7.6

1.334

0.225

0.035

0.093

0.179

0.532

36

Includ.

57.0

91.0

34.0

1.146

0.079

0.008

0.018

0.037

0.143

28

KM66

 

Includ.

25.2

61.7

36.6

1.055

0.124

0.015

0.032

0.061

0.232

20

Includ.

67.5

91.5

24.0

1.002

0.108

0.010

0.017

0.034

0.169

69

KM67

 

Includ.

20.7

55.0

34.4

1.013

0.136

0.014

0.020

0.042

0.212

11

Includ.

58.5

87.0

28.5

1.026

0.095

0.011

0.023

0.043

0.172

23

KM68

Includ.

Includ.

 

48.0

58.0

10.0

1.061

0.096

0.009

0.015

0,027

0.147

57

81.0

95.4

14.4

1.314

0.055

0.006

0.012

0.019

0.093

26

KM69

 

Includ.

28.1

31.5

3.4

0.594

0.064

0.005

0.009

0.018

0.096

22

Includ.

44.1

65.4

21.3

0.956

0.139

0.014

0.023

0.047

0.223

15

Includ.

83.0

93.3

10.3

1.577

0.058

0.006

0.013

0.020

0.097

35

KM70

 

Includ.

47.5

52.9

5.5

1.067

0.272

0.023

0.036

0.067

0.397

17

Includ.

59.0

70.5

11.6

1.682

0,027

0.003

0.008

0.013

0.051

37

Includ.

74.4

81.2

6.8

1.117

0.029

0.003

0.006

0.012

0.049

37

Includ.

84.0

89.0

5.0

0.610

0.123

0.010

0.013

0.029

0.176

27

Includ.

94.7

105.0

10.3

1.040

0.089

0.008

0.014

0.025

0.135

66

KM71

 

Includ.

28.5

37.3

8.8

0.946

0.139

0.011

0.013

0.024

0.187

16

Includ.

43.5

48.2

4.7

0.528

0.118

0.012

0.020

0.046

0.197

34

Includ.

59.5

69.0

9.6

1.592

0.045

0.007

0.018

0.035

0.105

37

Includ.

72.0

98.1

26.1

1.145

0.039

0.004

0.008

0.014

0.065

40

Includ.

101.4

111.9

10.6

0.998

0.096

0.011

0.024

0.052

0.183

30

KM72

 

Includ.

32.1

41.9

9.8

0.724

0.219

0.020

0,027

0.060

0.325

18

Includ.

51.3

66.4

15.1

1.135

0.060

0.007

0.016

0.031

0.114

24

Includ.

75.0

81.0

6.0

0.935

0.078

0.005

0.006

0.012

0.101

19

Includ.

96.0

109.8

13.8

1.101

0.092

0.009

0.017

0.032

0.149

24

KM73

 

Includ.

33.8

59.5

25.7

0.812

0.165

0.016

0.024

0.047

0.252

13

Includ.

74.6

84.0

9.4

1.097

0.052

0.004

0.006

0.011

0.072

27

Includ.

94.5

104.5

10.0

0.952

0.076

0.008

0.014

0.029

0.127

65

Includ.

108.6

112.0

3.4

0.669

0.175

0.017

0.024

0.047

0.263

26

KM74

                   

Includ.

20.4

54.1

33.7

1.059

0.321

0.028

0.039

0.081

0.470

17

Includ.

57.0

83.6

Buy Generic Drugs align="center">26.6

1.287

0.093

0.009

0.017

0.033

0.152

38

KM75

 

Includ.

29.4

38.2

8.8

0.947

0.173

0.018

0.024

0.045

0.259

30

Includ.

44.1

86.4

42.3

1.085

0.101

0.011

0.022

0.042

0.176

19

Includ.

89.7

100.1

10.4

1.212

0.095

0.009

0.017

0.030

0.150

26

KM76

 

Includ.

58.0

67.7

9.7

0.656

0.170

0.016

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