This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Great American Energy, Inc. Announces Phase I Exploration Plan Details For Great Bear Rare Earth Project In BC, Canada

Great American Energy, Inc. (OTCBB: SRBL) ("Great American Energy" and/or "the Company") announces 2013 exploration plan details for the Company's Phase I Bear Creek Rare Earth Project in BC, Canada, which warrants a further work program based on the property's potential mineralization.

The Company's exploration plan has been designed to better determine the resource and production potential of the Bear Creek Rare Earth Project, which consists of 10 mining claims totaling ~7,311 acres (~2,959 hectares) that contain potential for significant resources of rare earth elements (REEs) and may contain rare earth oxides.[1] The property lies within the Rocky Mountain Rare Metal Belt, which runs from southeast to northwest BC.[2] In total, the BC Geological Survey has mapped 106 rare metal and/or REE occurrences in the province, most of which fall within the belt.[3]

The Company's Phase I 2013 exploration program will obtain the maximum geological data possible through geochemical and geological mapping. Both of these approaches will collect significant information by providing at least two initial layers of geological data that can be coupled with a subsequent Phase II geophysical program to identify drill targets. In addition, neither geochemical nor geological mapping require a work permit, enabling the exploration program to advance more quickly and at lower cost.

The 2013 exploration work area covers an 8-km 2 area (4-km east-west by 2-km north-south). The area was selected from areas that previously underwent assessment work in 2010 and 2011; yielded the highest REE assay results; and which correspond with local regional faulting and the Intrusive known as the Trail Pluton.

The Phase 1 exploration program will initiate defining the structural components, mineralized zones and extent of outcrop hosting the Chromite cubes/tetrahedrons REE rocks. Geochemical soil sampling will be performed across a 200m east-west area with 100m line spacing and sample sites offset by 100m to optimally cover the target area. It is expected that roughly 350 to 375 soil samples will be collected across the target area.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs