Manicouagan Minerals Inc. (TSXV:MAM) announced Rare Earth Elements (REE) assay results from its Cloridorme property located in the Gaspé Peninsula of Quebec.
As quoted in the press release:
Between June 10 and 22, 2012, a geological sampling program was completed on Manicouagan’s 101 claim Eastern Block which is contiguous to the east of Orbite Aluminae’s Grande-Vallée property and on strike with its Marin deposit. Thirty nine (39) samples returned significant values of alumina, 17.01% to 22.68% Al2O3. Five (5) of these samples (3 from outcrops of red mudstones and two from the green mudstones), were analyzed by ALS Canada Ltd. of Val d’Or for REE.
Manicouagan’s CEO, Brian Carter, said:
We are pleased to have begun the drilling program and the REE assay results and initial drilling indications support our enthusiasm for the Cloridorme property.