MONTREAL, QUEBEC--(Marketwire - Feb. 24, 2011) - Matamec Explorations Inc. ("Matamec")(TSX VENTURE:MAT) is pleased to announce that assay results have been received for a further eight DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.
This drill program started on December 1st 2010 and ended on February 8th 2011 for a total of 3,332 meters drilled. Its main objective was the improvement of resource quality, moving the majority of inferred resources into the indicated category.
Of the 42 DDH of the campaign, full results have been received for the first 13 holes (see the January 27th and February 10th press releases), and partial results have yet to be received for a further 17 DDH (KM107 to KM123). Mineralized intervals for the latest batch of eight holes are presented below (see Table 1 and Figure 1). All are mineralized with both eudialyte and Mosandrite.
Andre Gauthier, Matamec's president, comments that: "The Kipawa high grade zone is still going strong up to hole KM102. The Central zone is slightly less enriched, almost by definition, but Kipawa's strengths remain in effect there, namely its significant heavy rare earth enrichment and the ease with which we're getting high recuperation rates in our ongoing lab tests."
The drilling results set out above are preliminary, as some of the REE and zirconium analyses exceeded the limits of the analytical methods (marked by a ">" in the table). Full results will be released when they become available.
Upon receipt of final 2010-2011 assay results, a new 43-101 resource estimate will be completed by SGS Geostat using the new data. Matamec's next drilling campaign on the Zeus property, set to begin in spring 2010, will aim to better define the extensions of the deposit.
QAQC procedures
Matamec maintains a quality control program conforming to the industry's best practices. The NQ core is split, with one half kept as a witness at our Val d'Or facilities. Samples are then submitted in batches of 25, each containing two known standards and one blank, to the ALS Chemex ("ALS") preparation facility in Val d'Or where the samples are reduced to pulps and couriered to ALS in Vancouver (B.C.) for analysis. The samples are dissolved using a lithium metaborate fusion before being analysed by ICP-MS methods on a 2 gram sample size, with overlimits handled either by ICP-MS on a dilute solution, in the case of rare earths, or by XRF, in the case of zirconium. The samples and core are managed in a secure location until delivered to ALS. ALS maintains ISO 17025 certification, the highest accreditation available for QA/QC.
Aline Leclerc, geologist (OGQ) and Matamec's Vice-President Exploration, is Matamec's Qualified Person for this press release write up.
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 property.
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.
To view the Kipawa map associated with this release: http://media3.marketwire.com/docs/MAT149_English_Fig1.pdf
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