Matamec Explorations Inc. ("Matamec" or the "Company")(TSX VENTURE:MAT - News) announces that at the
6th international rare earths conference that was held between November 9th
to 11th 2010, Judith Chegwidden (Roskill) and
Dudley J. Kingsnorth (Industrial Minerals
Corporation of Australia) have identified five deposits of heavy rare earths
in their presentation entitled "Rare Earths: Facing the Uncertainties of
Supply": Dubbo (Australia), Nechalacho (Canada), Strange Lake (Canada) , Bokan-Dotson Ridge (USA) and Kipawa
(Canada). Furthermore, Mr. Yasushi Watanabe (National Institute of Advanced
Industrial Science and Technology) highlighted, at this same conference, that
the Japanese government and private sectors are looking for sources of rare
earths outside of China, particularly heavy rare earths deposits. These
sources must be timely, compact and inexpensive projects.
In addition, on November the 2nd and the
11th, Gareth P. Hatch (Technology Metals Research), who is independent of Matamec, ranked the Kipawa
deposit third, when comparing it with 13 advanced rare earths projects out of
a total of 251 projects worldwide, for its potential for exploitation on the
basis of the proportion of critical REEs present.
About Matamec
Other than its focus on the development
of the Kipawa deposit and exploration for other
showings of rare earths-yttrium-zirconium-niobium-tantalum on its Zeus
property, Matamec's exploration strategy is to
discover gold deposits, base metals and platinum group, as well as rare
metals.
For gold, the company explores in the
prolific mining camp of Timmins, Ontario, of which the main target is the
Matheson JV with Goldcorp Canada Ltd. and Goldcorp Inc.
In Quebec, the Company is exploring for
lithium and tantalum on its Tansim property and for
precious and base metals on its Sakami, Valmont and Vulcain
properties. As well, it is exploring for gold together with Northern Superior
Resources Inc. on the Lesperance/Wachigabau property.
"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."
Contact:
Andre Gauthier
Matamec Explorations Inc.
President
514-844-5252
info@matamec.com
www.matamec.com |