Quantum Samples 3.32% TREO and Confirms Zones of Parallel Mineralization at Archie Lake
February 16 2011 - 5:00AM
Marketwired
Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(OTCQX:
QREDF)(FRANKFURT: BR3) ("Quantum", the "Company") is pleased to
announce results for the 2010 exploration of the Archie Lake Rare
Earth Project, located in northern Saskatchewan. Prior exploration
at Archie Lake identified a rare earth bearing meta-sedimentary
horizon up to 6 m across, near-vertical, approximately 600 m along
strike, and with peak grades of 29.9% TREE (see July 6, 2010 News).
The 2010 exploration included a high resolution airborne
magnetic (HRAM) and radiometric survey, property-wide prospecting
and sampling, and surface sampling along the northerly strike
extension of the known mineralized horizon. Highlights from the
2010 exploration include:
-- confirmation of the geophysical signature associated with the rare earth
element (REE) bearing horizon, and identification of new target
locations;
-- samples from northerly extensions of the mineralized horizon return peak
results of 3.32% total rare earth oxide (TREO); and
-- Identification of new locations of anomalous REE mineralization
associated with parallel trends, with peak values of 0.73% TREO from
surface outcrops.
At Archie Lake, the 2010 exploration comprised two phases. Phase
I involved the completion of a HRAM and radiometric survey, to
trace the known mineralized horizon, and identify other potential
areas of interest. The survey was successful in delineating several
prospective trends and new REE targets at the property. Only
preliminary data was available at the time of ground work, with a
full interpretation currently being undertaken by Rob Shives of
GamX Inc. As such, several prospective trends and areas may have
been overlooked and not fully assessed.
Phase II involved ground checking several of the new targets
generated from the recent airborne survey, conducting a ground
geophysical survey, geologic mapping, and sampling of the remaining
trenches in order to verify the full 600 m extent of the
'historical' mineralized horizon. A total of 105 rock samples were
collected across the property.
Two remaining historic trenches, not evaluated in 2009, were
located and sampled along with a third trench with no historic
record. Samples returned multiple TREO grades greater than 1% to a
peak value of 3.32% TREO. In addition, an outcrop located a further
35 m northwest of the aforementioned trenches returned 2.50% TREO.
The 2010 exploration confirms a known strike length of the
mineralized horizon of approximately 550 m.
To the northwest of the mineralized trend, the Beaver River
Fault appears to truncate and offset the mineralization, several
hundred metres to the east, as assessed via air photos and magnetic
data. Sample 75086 returned anomalous mineralization (0.64% TREO)
in a location where the mineralized horizon would be expected to
continue north of the fault. The sample contains coarse-grained
Ilmenite, which is associated with monazite within the historic
trenches. This area is a high-priority target for follow-up
exploration, and confirms additional potential strike length for
the mineralized horizon, beyond the historic mineralization.
In addition, geophysical targets located approximately 500 m
west and 3 km north-northwest of the historic trenches returned
anomalous mineralization up to 0.56% TREO (75654) and 0.73% TREO
(28038) respectively. These grades are significant and will be
further evaluated during the next field program. In addition, these
two areas are coupled with anomalous pathfinder geochemistry (Ti,
U) further supporting the anomalous REE nature of these
locations.
All of the 2010 samples were sent to the Saskatchewan Research
Council Geoanalytical Laboratories, Saskatoon, SK for analysis
using the packages REE-1 and WR1 (REE and whole rock by lithium
metaborate fusion and ICP-OES), and Multi-Element analysis (trace
and base metals by aqua regia digestions and ICP).
Further mapping and sampling is planned for spring and summer
months 2011. A first ever drill program to test the historic and
newly discovered areas of REE mineralization is expected to
commence as early as Q2 2011 designed to assess the extent of the
REE mineralization at depth below the historic trenches.
Darren L. Smith, M.Sc., P.Geol., a qualified person as defined
by National Instrument 43-101, supervised the preparation of the
technical information in this news release.
On Behalf of the Board,
Peter Dickie, President
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.
Contacts: Quantum Rare Earth Developments Corp. Peter Dickie
President and CEO (604) 669-9330 (604) 669-9335 (FAX)
www.quantumrareearth.com
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