All information pertaining to mineral resources herewith presented are historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 reporting standards. No historical estimate should be relied upon until it can be confirmed by the Company.
The “Carbonatite Syndicate” Rare Earth Element prospect consisting of 211 mineral claims covers over 90,000 hectares (222,415 acres) contiguous to and completely surrounding several significant Rare Earth Element discoveries in northern BC. The property is accessible by all weather gravel roads and lies approximately 80km north east of Prince George, BC, along the Rocky Mountain trench, a major continental geologic feature which is now recognized for its numerous potentially economic, concentrations of rare metals. The Carbonatite Syndicate prospect is the largest contiguous land package and surrounds Spectrum Mining’s “Wicheeda” Rare Earth discovery.
Spectrum Mining Corporation's neighboring “Wicheeda” Rare Earth Element discovery recently announced drill hole intersections of 48.64 meters of 3.55% combined rare earth elements (REE), 144 meters of 2.2% combined REEs and 72 meters of 2.92% REE’s. All intersections were collared in mineralization and assays were given in total elemental REE’s which understate actual REE oxide content. (Download ARIS Report)
Mineral analysis on 2009 drill core by Dr. Anthony Mariano, a recognized authority on REE’s, indicated that the primary REE’s are contained in coarse grained monazite and a bastnesite-synchistite-parasite mineral. Dr. Mariano also conducted a bench scale heavy liquid and magnetic separation study on a composite sample of Wicheeda drill core and was able to produce a high grade REE concentrate that contained 56.09 wt. % REE. This test indicated that the Wicheeda rare earth mineralization could produce a marketable concentrate. It was noted that applying a flotation circuit should produce a 60% LREE concentrate from Wicheeda that would exceed the concentrate grade of Molycorp’s Mountain Pass which for over 40 years was the largest domestic supplier of rare earth concentrates in the world.
The Company conducted work programs which have consisted of geological mapping, silt and soil sampling, AeroTEM and Radiometric airborne geophysical surveys and drilling. Further work is required to follow up on geochemical sampling in areas identified by the airborne survey and to drill in the area of carbonatite.