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 [...]
Medallion Resources reports a non-brokered private placement of up to 2 million units at $0.125 per unit for gross proceeds of up to $250,000 has been arranged on approval of TSX exchange. Each Unit consists of one common share and one transferable common share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one common [...]
Medallion Resources reports that the first-phase exploration program at the Eden Rare-Earth project has been finalized. The program will be overseen by Hamid Mumin, PhD, PGeo, PEng. Dr Mumin, Medallion’s consultant and a recognized expert on the Eden rare-earth-element (REE) occurrences, has written and published numerous studies of the Eden Lake REE-bearing carbonatite intrusions since he discovered [...]
Wednesday, June 23, 2010