Carbo Project in the Heart of Emerging Rare Earth Camp
Trading Symbol CIN - CNSX
In late October, Spectrum Mining Corporation, a private company, reported (http://www.cdnintlminerals.com/s/Articles.asp?ReportID=999999999,374026&ReportIDRef=YRK9141D1L1V0) significant rare earth element mineralization on claims contiguous to the Carbo Property. Highlights included a 48.64 metre interval which averaged 3.55% REE, a 72 metre interval that averaged 2.92% REE, and a 144 metre interval that averaged 2.20% REE in three widely separated drill holes. Mineral analysis on 2009 drill core has indicated that the primary REEs are contained in coarse grained monazite and a bastnesite-synchistite parasite mineral.
The Carbo claims straddle and directly adjoin Spectrum's property, with the currently reported drilling being approximately 2 km from a Carbo carbonatite showing which hosts analogous mineralization. A property location map of the Carbo and Spectrum properties may be found on the CIN web site (http://www.cdnintlminerals.com/i/maps/Carbo_43-101_FINAL_April-21-29.pdf).
Exploration work conducted by CCE in 2006 sampled outcrops containing up to 0.46 % total REE plus yttrium (TREO+Y). A reconnaissance program in 2009 by CIN included 17 rock, 43 silt and 57 soil samples taken while geologically mapping and prospecting the Carbo claims. Analyses of soil samples included one exceeding the detection limit of 10,000 ppm (greater than 1%) Cerium (Ce), and values up to 509 ppm Gadolinium (Gd), indicating the presence of HREEs. Rock samples from previously known mineralized carbonatite averaged 0.40% TREO+Y.
A new carbonatite was discovered west of and parallel to the known mineralization. It is within an open ended Cerium soil geochemical anomaly with values up to 217 ppm Ce. Mineralized outcrop at this locality contained 0.36% TREO+Y plus 50.1 ppm Gd, again indicating the presence of HREEs.
CIN and CCE are encouraged by their results on the Carbo claims and in the camp and are planning an expanded exploration program that will include trenching and drilling in 2010.
The Company is also pleased to welcome
Further to the news release of
The Qualified Person who has reviewed the technical data for this news release is
Michael E. Schuss CEO, CFO, Director The CNSX has not approved or disapproved the contents of this news release.
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For further information: Michael E.Schuss, CEO, Director, (604) 241-2254, [email protected]
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