At presumed depth extent of 500 meters, the Jackson report suggested a tonnage in the order of 1 billion tonnes for the Bear Creek Property. The suggested tonnage equates to substantial potential value even at a modest profit margin, and warrants considerable exploration effort to determine the possible presence of such a resource. The Company feels that the in-place value per metric ton of REE and other rare elements in the intrusive Carbonates are sufficient to warrant examining the possibility of developing a large-scale open-pit mining operation, dependent on a process being developed to concentrate the rare earth minerals.As such, the Company is currently developing a two-phase evaluation program plan designed to measure the distribution and amounts of the property's various rare earth elements in a three dimensional array. Exploration activities will include a surface sampling program on both a grid and geological parameter basis, and a geophysical survey to indirectly map the variations with depth within the host rock.
Great American Energy, Inc. Enters Into Option To Acquire 60% Interest In Canada-Based Bear Creek Rare Earth Property
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