Stans Energy Receives Approval for Kyzyluraan Licence
June 27 2014 - 1:21PM
Business Wire
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the
“Company”) is pleased to announce that the State Agency for Geology
and Mineral Resources of the Kyrgyz Republic (“SGA”) has approved
the first Company submission to separate the Kargysh mineralization
zone from its Kyzyluraan Field Prospecting Licence.
The SGA issued the Stans Energy KG license for subsoil use
within the Kargysh Ore Occurrence of the Kyzyluraan area for
geological exploration of vanadium, molybdenum and uranium for 3
years until June 16, 2017. The size of
the new Exploration Licence Area is 701 hectares.
The second Company submission to the SGA is to reduce the size
of its Kyzyluraan Field Prospecting Licence from 252.82 sq. km to
124.19 sq. km is still under SGA consideration. This would
substantially reduce the annual licencing fees paid by the company
to the SGA. Once this submission is approved the Company will issue
an update outlining the savings.
About KyzyluraanKyzyluraan is one of the original
licences held by Stans Energy Corp since 2007. Initially, the
intent of exploration was to determine uranium content. However,
subsequent geological examination and metallurgical testing has
indicated that vanadium, molybdenum and rare earth elements are
also occurring throughout the mineralization at the site.
Confirmation geological and metallurgical testing is
ongoing.
About Stans EnergyStans Energy Corp. is a resource
development company focused on progressing Heavy Rare Earth (HRE)
properties in areas of the Former Soviet Union. In December 2009,
Stans acquired a 20-year mining license for the past-producing
Kutessay II rare earth mine from the Kyrgyz Republic. On May 26,
2011 Stans completed the purchase of the Kashka Rare Earth
Processing Plant (KRP) the same plant that previously refined REEs
historically from Kutessay II. The KRP was the only hard rock plant
to produce all rare earth elements outside of China, producing 120
different metals, alloys, and oxides. For over 30 years, Kutessay
II produced 80% of the rare earth metals for the former Soviet
Union.
We seek safe harbour.
Contact Details
Rodney Irwin David Vinokurov Stans Energy Corp Stans Energy Corp
Interim - President & CEO VP Corporate Development 647-426-1865
647-426-1865
FORWARD LOOKING STATEMENTS: This document includes
forward-looking statements as well as historical information.
Forward-looking statements include, but are not limited to, use of
proceeds from the Offering, the completion of the Offering, the
continued advancement of the company's general business
development, research development and the company's development of
mineral exploration projects. When used in this press release , the
words “will”, “shall”, "anticipate", "believe", "estimate",
"expect", "intent", "may", "project", "plan", "should" and similar
expressions may identify forward-looking statements. Although Stans
Energy Corp. believes that their expectations reflected in these
forward looking statements are reasonable, such statements involve
risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statement.
Important factors that could cause actual results to differ from
these forward-looking statements include the potential that
fluctuations in the marketplace for the sale of minerals, the
inability to implement corporate strategies, the ability to obtain
financing and other risks disclosed in our filings made with
Canadian Securities Regulators.
Stans Energy CorpRodney Irwin, 647-426-1865Interim - President
& CEOorDavid Vinokurov, 647-426-1865VP Corporate
Developmentinfo@stansenergy.comwww.stansenergy.com
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