Medallion Resources Ltd. reports that it has added 2 additional mineral licences to its existing Red Wine heavy-rare-earth-element exploration property.

These new mineral licenses cover important key areas of the well-known northern Red Wine peralkaline intrusion, which is known to contain eudialyte, a mineral widely expected by experts to eventually supply a significant portion of the world’s heavy-REE requirements. Heavy REEs are less common and more valuable than the light REEs.

Medallion Resources’ President,  Bill Bird says:

“The addition of these two mineral licences builds on Medallion’s excellent land position in the region.”  “The Red Wine intrusion is an exciting heavy-rare-earth prospect because the mineralogy appears to be similar to other important heavy-rare-earth properties such as Kipawa, Quebec and Dubbo, Australia. We believe that Medallion’s Red Wine Property is some of the most prospective in the area and are looking forward to exploring it this summer.”

For complete news release, click here.

For Medallion’s company profile, click here.

Comment

Tweet