TASMAN BEGINS DRILLING OTANMAKI RARE EARTH ELEMENT PROJECT, FINLAND
Published : April 12, 2011
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Keywords :   China | Europe | European Union | Finland | Niobium |

VANCOUVER, April 12 /CNW/ - Tasman Metals Ltd. ("Tasman") (TSXV: TSM) (Frankfurt: T61) (Pinksheets: TASXF). Mr Mark Saxon, President and CEO, announces that a first phase drilling program is now underway at the Company's Otanmäki rare earth element (REE) and niobium (Nb) project in Finland.  The Otanmäki project lies in a historic mining district 450 km north of the capital Helsinki with excellent infrastructure including railway access within 2 km of the claim boundary.  Tasman holds a 100% interest in claim applications and claim reservations at Otanmäki totaling 10,954 hectares in size.

This program of approximately 1000m of drilling is anticipated to take 4 weeks, and is designed to confirm the quality and extent of mineralization encountered in historical drilling, and test a range of new targets identified by deep till and rock chip sampling, and Tasman's 2010 magnetic/radiometric survey (see Tasman press release dated Oct 5 2010).  Drilling is being completed by Finnish contractor Suomen Malmi Oy and the first assay results are expected to be available during May 2011.

The Otanmäki project covers two REE - Nb prospects named Katajakangas and Kontioaho. REE's at Katajakangas and Kontioaho are present as fergusonite, allanite and lesser columbite and xenotime within a metasomatically altered alkaline quartz-feldspar schist.

Better drill intersections at Katajakangas include:

    R-14:     1.40m @ 2.95% TREO, 0.87% Nb2O5 , 1.28% ZrO2 from 57.4m;
    R-19:    0.60m @ 3.60% TREO, 1.01% Nb2O5 , 0.98% ZrO2 from 79.0m;
    R-20:    0.80m @ 2.93% TREO, 0.86% Nb2O5 , 1.01% ZrO2 from 121.6m;

Better drill intersections at Kontioaho include:

    R-9:       6.90m @ 0.65% TREO, 0.10% Nb2O5 , 3.39% ZrO2 from 3.4m;
    R-4:    12.00m @ 0.51% TREO, 0.09% Nb2O5 , 2.45% ZrO2 from 79.8m;
    R-3:    11.30m @ 0.64% TREO, 0.15% Nb2O5 , 2.33% ZrO2 , from 188.2m;

"We are very pleased to be underway on our first drilling program in Finland" said Mark Saxon, Tasman's President & CEO. "This first phase program will give us a new look at mineralization on the project, allowing us to better understand the mineralogy and distribution of the REE's.  Otanmäki's wealth of infrastructure, the tremendous support we receive from the local community, and the high REE grades encountered in surface boulder sampling, encourages us for our ongoing work in the area".

Following a review of historic exploration and in light of the Company's focus on other projects, Tasman has chosen not to renew its option over the Bastnäs project in Sweden, and consequently the project has been returned to its owner.

About Tasman Metals Ltd. 

Tasman Metals Ltd is a Canadian mineral exploration and development company focused on Rare Earth Elements (REE's) in the European region and is listed on the TSX Venture Exchange under the symbol "TSM".  REE demand is increasing, due to the metals unique properties that make them essential for high technology and environmentally-beneficial applications. Since over 95% of REE supply is sourced from China, the European Union is actively supporting policy to promote domestic supply of REE's, to ensure the security of high-tech industry.  Tasman's exploration portfolio is uniquely placed, with the capacity to deliver "high-tech" metals from politically stable, mining friendly jurisdictions with developed infrastructure.

The Company's Norra Karr project in Sweden is one of the most significant heavy REE resources in the world, and the only NI43-101 compliant REE resource in mainland Europe.  With a TREO (total rare earth oxide) cut off of 0.4%, the Inferred Mineral Resource comprises 60.5 million tonnes grading 0.54% TREO and 1.72% ZrO2 (zirconium oxide), with 53.7% of the TREO being the higher value HREO (heavy rare earth oxide).  The resource is unusually low in radioactive metals relative to peer projects, with less than 15 ppm each of uranium and thorium.

On behalf of the Board,

"Mark Saxon"  
Mark Saxon, President & CEO

The qualified person for the Company's exploration projects, Mark Saxon, President and Chief Executive Officer of Tasman and a member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists, has reviewed and verified the contents of this release.

Neither the 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 news release.

Forward Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events.  Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

For further information:

Investor Information
www.tasmanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive 
Nick Nicolaas +1 (604) 657 4058
Email: info@tasmanmetals.com

Data and Statistics for these countries : China | Finland | Sweden | All
Gold and Silver Prices for these countries : China | Finland | Sweden | All

Tasman Metals Ltd.

EXPLORATION STAGE
CODE : TSM.V
ISIN : CA87652B1031
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Tasman Metals is a exploration company based in Canada.

Tasman Metals holds various exploration projects in Sweden.

Its main exploration properties are NORRA KÄRR and BASTNAS in Sweden.

Tasman Metals is listed in Canada. Its market capitalisation is CA$ 16.9 millions as of today (US$ 13.1 millions, € 11.6 millions).

Its stock quote reached its highest recent level on April 15, 2011 at CA$ 5.98, and its lowest recent point on February 26, 2016 at CA$ 0.09.

Tasman Metals has 66 141 922 shares outstanding.

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Financings of Tasman Metals Ltd.
10/18/2012Announces Extension of Warrant Term
Financials of Tasman Metals Ltd.
7/15/2015Files Financial Results for the Nine Months Ended May 31, 20...
7/12/2013files financial results for the nine months ended May 31, 20...
7/12/2013files financial results for the nine months ended May 31, 20...
4/11/2013Files Financial Results for the Six Months Ended February 28...
1/10/2013Files Financial Results for the Three Months Ended November ...
Project news of Tasman Metals Ltd.
11/30/2010NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 CO...
11/30/2010(Norra Kärr)NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 CO...
Corporate news of Tasman Metals Ltd.
8/19/2016Tasman Shareholders Approve Arrangement with Flinders
7/6/2016Tasman Announces Date of Annual and Special Meeting of Share...
6/21/2016Tasman and Flinders Sign Definitive Arrangement Agreement
4/5/2016Tasman Announces Resignation of Director Gil Leathley
3/31/2016Tasman Provides Update on Norra Karr Mining Lease
1/15/2016Tasman Announces Voluntary Delisting from the NYSE MKT
1/14/2016Tasman Files Financial Results for the Three Months Ended No...
12/1/2015Tasman Files Annual Report on Form 20-F
11/30/2015Tasman Files Annual Report on Form 20-F
7/10/2015Files Amended and Restated Pre-Feasibility Study on the Norr...
3/11/2015The REE Basket Price Deception and the Clarity of OPEX
1/21/2015announces results of Pre-Feasibility Study for the Norra Kar...
1/21/2015Tasman announces results of Pre-Feasibility Study for the No...
1/13/2015Tasman Files Financial Results for the Three Months Ended No...
1/6/2015Tasman joins the Critical Materials Institute
12/17/2014Tasman Expands Critical Metal Portfolio With Acquisition Of ...
12/17/2014expands critical metal portfolio with acquisition of two chr...
12/9/2014Tasman Completes Drill Program For Bulk Metallurgical Sample...
12/9/2014completes drill program for bulk metallurgical sample at Nor...
11/26/2014Tasman Files Annual Report on Form 20-F
7/14/2014Tasman Files Financial Results for the Nine Months Ended May...
7/9/2014Tasman Precipitates Heavy Rare Earth Element Concentrate and...
6/13/2014Tasman Announces Results of AGM
5/20/2014Tasman and Flinders Mutually Agree to End Merger Negotiation...
4/14/2014Tasman Files Financial Results for the Six Months Ended Febr...
4/8/2014Tasman Commences Pre-Feasibility Study for Norra Karr Heavy ...
3/31/2014Tasman Announces Second Tranche Private Placement Closing
10/10/2013Expands Critical Metal Portfolio with Acquisition of Tungste...
8/28/2013Files Preliminary Base Shelf Prospectus and F-3 Registration...
8/14/2013Achieves High Recovery in First Metallurgical Tests From Ols...
7/25/2013Receives Bulk Surface Sample Permit for the Norra Karr Heavy...
7/23/2013Submits Mining Lease Application over Olserum Heavy Rare Ear...
7/17/2013Receives European Commission Funding for Processing Research...
7/11/2013files amended and restated technical reports on its Norra Ka...
7/11/2013files amended and restated technical reports on its Norra Ka...
4/16/2013releases NI 43-101 resource report for Olserum heavy rare ea...
4/12/2013Grants Stock Options
3/25/2013engages ANSTO Minerals to expand metallurgical testing of No...
3/15/2013announces results of AGM
2/19/2013drills thick intervals of heavy REE mineralization at Olseru...
10/3/2012completes summer drilling program at Norra Karr heavy rare e...
7/6/2011NORRA KARR HEAVY RARE EARTH ELEMENT PROJECT DECLARED PROJECT...
6/17/2011COMPLETES SPRING DRILLING AND BEGINS UPDATED RESOURCE CALCUL...
5/26/2011ANNOUNCES REGISTRATION OF FORM 40-F WITH US SECURITIES AND E...
4/28/2011BOARD APPROVES EXPANSION OF PHASE 3 DRILLING PROGRAM AT NORR...
4/12/2011BEGINS DRILLING OTANMAKI RARE EARTH ELEMENT PROJECT, FINLAND
4/4/2011RECEIVES ENCOURAGING METALLURGICAL RESULTS FROM NORRA KARR H...
3/29/2011FILES FORM 40-F WITH U.S. SECURITIES AND EXCHANGE COMMISSION
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