Matamec Explorations Inc. (TSXV:MAT, OTCQX:MHREF) announced that drilling is completed at 15 short drill holes south-east of the Kipawa deposit on its Zeus property.
As quoted in the press release:
The syenite has 2 to 3 intersections that display continuous mineralization. A more mineralized zone is becoming more defined. The thickness of this zone varies between 1 and 8 meters and is present from one drill hole to another. All samples are now at ALS-Chemex laboratory in Val d’Or and the results will be announced later.
Matamec’s President, Andre Gauthier, said:
The Company’s objective was to discover new rare earth deposits on the Zeus property. This first drilling campaign is most encouraging considering the investment. The discovery of this zone by our exploration team is testament to years of fieldwork and brings us potentially closer to our objective.