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Re: News Release - Thursday, April 28, 2011
Tasman Board Approves Expansion of Phase 3 Drilling Program at
Norra Karr Heavy Rare Earth Element and Zirconium Project
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Vancouver, Canada - Tasman Metals Ltd. ("Tasman" or the "Company")
(TSXV:TSM) (Frankfurt:T61) (Pinksheets: TASXF). Mr Mark Saxon,
President & CEO, advises that following the encouraging results
achieved thus far in the Phase 3 drilling program at Norra Karr,
Sweden, the Board of Directors has approved an extension to the program
with an additional 11 holes for a total of 33 drillholes.
This additional drilling will be used to better define internal
boundaries to mineralization, plus deepen holes that were finished in
mineralization during the Phase 1 and 2 programs completed in
2009/2010. The data from the Phase 3 program will contribute to a
re-calculation of mineral resources at Norra Karr, with the aim of
raising resources from inferred to indicated status, and defining
further resources at depth.
The Norra Karr project is characterized by containing the highest
proportion of the high value HREO of all advanced projects in the
Western World, as evaluated by independent industry analysts at
Technology Metals Research LLC (www.techmetalsresearch.com), with HREO
as a percentage of TREO exceeding 50%. Of particular note are the high
contribution of Y2O3 (yttrium oxide) and Dy2O3 (dysprosium oxide), both
metals with strong demand and few potential sources outside of China.
"The positive results reported thus far from the Phase 3 drilling
program, and the thick intersections of mineralized intrusion we are
seeing in drill core have encouraged our technical team to propose a
continuation to the drilling program" said Mark Saxon, Tasman's
President & CEO. "A request to local authorities to modify our
drilling permit was met positively, and we will therefore continue
drilling for approximately 6 weeks."
Norra Karr is located in southern Sweden, 300km SW of the capital
Stockholm and lies in mixed farming and forestry land. The site is
well serviced by power, roads and water allowing all year round access,
plus a local skilled community. For an overview of the infrastructure
and resource at site, please see a recent 3D fly through video at
http://www.tasmanmetals.com/i/videos/video1/index.html.
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.
For more information regarding rare earth elements, see the Rare Metal
Blog at www.raremetalblog.com or Resource Stock Digest at
http://strategicmetalstocks.resourcestockdigest.com/.
On behalf of the Board,
"Mark Saxon"
Mark Saxon, President & CEO
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
Samples submitted by Tasman Metals Ltd were analyzed by the ME-MS81
technique by ALS Chemex Ltd's laboratories in Pitea, Sweden and
Vancouver, Canada, where duplicates, repeats, blanks and known
standards were inserted according to standard industry practice. Where
over-range for ME-MS81, Zr was determined using the ME-XRF10 technique.
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),
nor the Frankfurt Stock 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.
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Copyright (c) 2011 TASMAN METALS LTD. (TSM) All rights reserved. For
more information visit our website at http://www.tasmanmetals.com/ or
send mailto:info@tasmanmetals.com
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Tasman Resources NL
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EXPLORATION STAGE |
CODE : TAS.AX |
ISIN : AU000000TAS5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tasman is a silver and gold exploration company based in Australia. Tasman holds various exploration projects in Australia and in Finland. Its main exploration properties are PARKINSON DAM and WYNBRING EL3306 (CENTRAL GRAWLER) in Australia and OTANMAKI in Finland. Tasman is listed in Australia and in Germany. Its market capitalisation is AU$ 1.9 millions as of today (US$ 1.4 millions, € 1.2 millions). Its stock quote reached its highest recent level on February 24, 2017 at AU$ 0.30, and its lowest recent point on March 28, 2024 at AU$ 0.01. Tasman has 382 740 000 shares outstanding. |