|
Matamec
Explorations Inc. ("Matamec") (TSX
VENTURE:MAT - News) is pleased to announce the completion of its winter
2010-2011 drilling campaign on the Kipawa HREO-Y-Zr deposit located on the Zeus Property in Temiscamingue Quebec. In total, 42 NQ diamond drill holes
were drilled, for a total of 3,332 meters (red squares on Figure 1).
The
program started on December 1st 2010, with the last hole drilled to basement
on February 8th 2011. The campaign's main objective was the improvement of
resource quality, moving the majority of inferred resources into the
indicated category. To this end, a 50m spacing drilling grid was established
over most of the deposit, with portions of the western zone drilled at 25m centres to gain an even better understanding of the
high-grade zone (Figure 1).
In
addition to rare earth results for the first 13 holes (see our January 27th
press release), zirconium results have now been
received for this first batch of analysis (see Table 1 below). Zirconium
zones comprise an average of 50m per hole with an average grade of 0.98%
ZrO2. Other rare earth, yttrium and zirconium results will be released as
they are received.
Table
1: Finalized Zirconium Zones Assay Results, 0.5% ZrO2 cut-off
20010-2011
Kipawa Drill Program
KM82
to KM94
----------------------------------------------------
Drill
From
To Width(i) ZrO2
Hole
(m)
(m)
(m)
(%)
----------------------------------------------------
KM82
28.5
42
13.5
0.68
----------------------------------------
54.35 75 20.7 0.83
----------------------------------------------------
KM83
6.3
69
62.7
1.01
----------------------------------------------------
KM84
9.25
15
5.8
0.70
----------------------------------------
20.8
32.65
11.9
1.59
----------------------------------------
49.5
73.45
24.0
1.00
----------------------------------------------------
KM85
11.55
16.55 5.0 0.70
----------------------------------------
22.5 39 16.5 0.52
----------------------------------------------------
KM86
1.5
16
14.5
1.14
----------------------------------------
21.1
77.5
56.4
0.89
----------------------------------------------------
KM87
1.45
62.25
60.8
0.97
----------------------------------------------------
KM88
3.35
24.8
21.5
0.94
----------------------------------------
30.9 53 22.1 1.23
----------------------------------------------------
KM89
2.6
42.45
39.9 0.85
----------------------------------------------------
KM90
13.1
67.65
54.6
1.16
----------------------------------------------------
KM91
1.5
61.4
59.9
1.00
----------------------------------------------------
KM92
4
15.1
11.1
1.16
----------------------------------------------------
KM92
26.25
42.45
16.2
1.14
----------------------------------------------------
KM93
3.7 52.75 49.1 0.93
----------------------------------------
61.5
84.3
22.8
0.87
----------------------------------------------------
KM94
2.35
75.3
73.0
1.01
----------------------------------------------------
Average : 50.9
m 0.98 %
----------------------------------------------------
(i) = All of Matamec's drill
holes, in all three campaigns carried out at Zeus, are oriented at 39 degrees
north and have a plunge between -60 and -70 degrees. This is within 10
degrees of perpendicular to the local dip of the mineralized syenite body. Widths provided in all of Matamec's tables are therefore thought to approximate
true widths to within 3%.
Andre
Gauthier, Matamec's president, underlines that:
"moving to indicated resources is more than just words: it allows us to
have a firmer grasp of what's really down there in the ground. And that, in
turn, will mean that our upcoming scoping study will have a much firmer
grounding in reality."
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 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.
Figure
1 - Matamec 2010-2011 Drilling Camapign,
Kipawa Deposit: http://file.marketwire.com/release/Fig1_English_DDH_2010-2011.pdf
"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
|