Rare Earth Metals Inc (TSX VENTURE:RA) reported assay results from the 4 remaining drill holes on the Clay-Howells Prospect in northern Ontario.
Threegold Resources Inc. (TSX Venture:THG) reported preliminary results from the second drilling program on its rare earth discovery at the Mercier Project, 175 km northeast of Val-d’Or, Quebec.
Matamec Explorations Inc.(TSX VENTURE:MAT) reported that assay results have been received for the final third group of core samples from the November-December 2009 diamond drilling program on the West and East part of the rare earth-yttrium-zirconium (REE-Y-Zr) Kipawa deposit located within the Zeus property.
Kitco.com reported on Race to Rare Earths Heats Up:
Canadian Orebodies Inc. (TSX VENTURE:CO) reported that following the execution of a Letter of Intent with Hawk Uranium Inc. (TSX VENTURE:HUI) announced in Orebodies press release dated April 13, 2010, Orebodies and Hawk have executed a purchase and assumption agreement whereby Hawk will acquire 100% legal and beneficial interest in Orebodies eight 100% owned properties (subject to a 10% NPI retained by Orebodies), and 100% interest in Orebodies seven 50% owned properties (subject to a 10% NPI retained by Orebodies on the portion of those properties to be acquired by Hawk, which would be converted to a 0.15% net smelter returns royalty if Hawk’s interest in those properties is reduced to less than 10% and therefore converted to a net smelter returns royalty) held through a joint venture with Macdonald Mines Exploration Ltd. (TSX VENTURE:BMK) and Temex Resources Corp. (TSX VENTURE:TME).
Stans Energy Corp. (TSX VENTURE:RUU) reported to add Doctor Valery D. Kosynkin, an accomplished rare earth elements (REEs) expert in Russia, to its advisory board.
Paget Minerals Corp. (TSX VENTURE:PGS), reported that the company an increase in the claim holdings within the JV area of interest with Richfield Ventures Corp. (TSX VENTURE:RVC) in the Nechako Basin area of central British Columbia.
China’s rare earth monopoly remains a concern in the US Congress as the Government Accountability Office tables a report outlining the industry; Cache Exploration Inc acquires more property at its Welsford location in New Brunswick; and, Japan is going underwater to search for minerals in its coastal zones.
Forum Uranium (TSX VENTURE:FDC) reported results from the recently completed winter drill program on its 100% owned Key Lake Road Project.
BOLERO RESOURCES CORP. (TSX VENTURE:BRU) reported that the company has retained Mackevoy Geosciences Ltd. to initiate an extensive 90 day work and drill program at the 100% owned Carbonatite Syndicate Rare earth Claim Group, located 80 km northeast of Prince George, BC. Crews are now being mobilized and work is expected to begin shortly.
Friday, April 30, 2010