Project Description
The 2,585 hectare Goeland Property is located 215 km north of Val d'Or in the Abitibi region of Quebec, and has excellent logistics and road accessibility. Quebec is one of the best jurisdictions for mineral exploration in the world, hosting one of the largest Carbonatite complexes in North America.
The Montviel Complex encompasses six main geological units: Pmtv 1 through 6. To date, almost all of the historic anomalous rare earth element ("REE") values, as well as Geomega's discovery hole, have been encountered within the Pmtv 5 unit, which is composed of Ferrocarbonatite, Apatite-bearing Ferrocarbonatite, Silicocarbonatite and Pyrrhotite-bearing Calciocarbonatite. Geomega has drilled approximately 10,000 m on their Pmtv 5 Carbonatite target in the intrusive structure and announced total rare earth oxides over 480 m from 21 m to 501 m.
The Goeland Property consists of 47 mining claims within and adjacent to the Montviel Carbonatite Complex. Recent drilling at the Montviel Carbonatite Complex adjacent to Canada Rare Earths' claims has confirmed the presence of rare earths at Montviel. (See TSX-V: GMA). Historic exploration at Montviel has revealed strong potential for REE's niobium and phosphate mineralization. The property consists of two claim groups; one on the west side of the complex and one on the east side. The western group consists of 23 claims (1,265 hectares) and covers one of the main areas within the complex underlain by unit Pmtv 5. The eastern claim group consists of 22 claims (1,210 hectares) and is covered by thick overburden. Canada Rare Earths' claims cover the second Pmtv 5 Carbonatite unit in the Montviel Complex, which is the same host rock as the GMA discovery. Two high priority sectors of interest have been identified in the west block of the Goeland Property as the Company has identified two holes 1.5km apart, historically drilled in 1993, both having intersected Carbonatite from 21 meters to 90+ meters ending in mineralization.
Exploration
To date, the Company has completed a detailed structural study, a magnetic airborne survey, and has secured road access to the drilling sites. The Company commenced drilling in mid August 2011, anticipating drilling approximately 3,500 to 5,000 meters through 10 holes in the Phase 1 program. On September 12, 2011, the Company announced that it had successfully intersected a large Carbonatite intrusion, having already drilled through 200 meters of the material. The true depth and width of the body remain unknown, as drilling is ongoing; however it is visually described as consisting of 60% carbonates with augite and/or hornblende and possibly bastnasite, with a minor presence of Pyrrhotite and magnetite. The Company expects to receive the initial drill results by the end of October 2011.
Project Location
