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Terra X Minerals Inc.

Publié le 13 septembre 2011

Rara Terra to Begin Trenching and Soil Sampling on American Manganese's Rare Earth Project

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Mots clés associés :   Canada | Lanthanum | Manganese |
 

Rara Terra to Begin Trenching and Soil Sampling on American Manganese's Rare Earth Project

September 13, 2011 - Vancouver, British Columbia

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc., (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM) (“American Manganese” or the “Company”) is pleased to report that Rara Terra expects to begin 3,000 meters of trenching, 1,300 soil samples and approximately 160 stream-sediment samples on American Manganese’s Lonnie Rare Earth property located south east of Manson Creek in North Central British Columbia.  The work will test airborne magnetic anomalies identified from the February 2011 survey.

The Lonnie Property has two showings defined by trenching (1970’s) with a combined strike length of 620 meters (2,040 ft) with widths up to 40 meters grading 0.20% Niobium.  A 56 meter chip sample on one of the claims assayed 0.05% lanthanum, 0.03% neodymium and 0.15% Titanium.

American Manganese has granted Rara Terra an option to acquire 60% in the Lonnie Property by paying American Manganese $60,000 cash, issuing 285,000 of its common shares and incurring $500,000 in exploration expenditures over the three year term of the option.

About Rare Earths

China dominates rare earths production (93%) and consumption.  China has placed quotas on the export of rare earths resulting in a panic by end users, increased exploration and company’s such as the Boeing Company contracting out their technology to aid in exploration of rare earth deposits.  The critical situation in rare earths was first brought to public attention by Keith Bradsher, New York Times correspondent, in August 2009.  Neodymium is identified as one of the more critical rare earths.

About American Manganese Inc.:

American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming the lowest cost producer of electrolytic manganese from its Arizona Manganese Project.  The Company is well financed to execute its contemplated work programs.

On behalf of Management

AMERICAN MANGANESE INC.

Larry W. Reaugh
President and Chief Executive Officer

Information Contact

Larry W. Reaugh
President and Chief Executive Officer
Head Office: 2A 15782 Marine Drive, White Rock, B.C.  V4B 1E6
Telephone: 604-531-9639    Facsimile: 604-531-9634
www.americanmanganeseinc.com

 

Cautionary Notice:  The Reader is cautioned that the full Cautionary Notice is not attached to this email.  The reader is requested to access the news release on the Company’s website at www.americanmanganeseinc.com or at SEDAR at www.sedar.com to read the full Cautionary Notice.  The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.

 

 

 

 

 

 

 

 

 

 



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Terra X Minerals Inc.

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CODE : TXR.V
ISIN : CA88103X1087
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Terra X est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont NEEDLE, STEWART GOLD-COPPER, SUNBEAM et BLACKFLY au Canada.

Terra X est cotée au Canada. Sa capitalisation boursière aujourd'hui est 28,7 millions CA$ (21,0 millions US$, 19,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 04 janvier 2013 à 0,05 CA$, et son plus haut niveau récent le 23 septembre 2016 à 1,05 CA$.

Terra X possède 102 330 000 actions en circulation.

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