Pacific Wildcat Prod. in 2012 Tantal /Niob
Arriba1 : Pacific Wildcat Prod. in 2012 Tantal /Niob
Figure 2 outlines the significant Rare Earth drill results returned from drilling carried out by PAW over the last two drill campaigns, namely 975m of RC drilling in late 2010 and 1,810m of diamond drilling in 2011.
The objective of the program is to identify a maiden Inferred Rare Earth Resource estimate of between 10 and 20 million tonnes at grades ranging from 3.0 to 5.0% Total Rare Earth Oxides (?TREO?) by the end of the second quarter of 2012.
Cash flow from modest scale tantalum mining operation in Mozambique expected in 1st Qtr 2012
Mineralisation from surface on exposed low hill ? potential for low strip ratio, open pit mining
Top 5 global Niobium Resource(1)
Targeting a maiden high grade NI 43-101 compliant REO Resource during 2nd Qtr 2012
shares FD 150mio
Targeting 15+ year niobium mine life
1.500mio lbs. Niob
Environmental base line studies anticipated to be completed 4th Qtr 2011
Arriba1 : PAW confirms Mrima Hill
Section 1 (A ? A?) running N-S through the deposit indicates that a weathered zone of saprolite, (which includes saprolitic clays, soil and saprock) prospective for Niobium (Figure 2) and Rare Earth mineralisation (Figure 3), has been identified to a depth of between 70 and greater than 125m from the surface.
Section 2 (B ? B?) running SW-NE through the deposit indicates that a weathered zone of saprolite, prospective for Niobium (Figure 4) and Rare Earth mineralization (Figure 5), has been identified to a depth of between 25 and greater than 140m from the surface.
madold : Topp Bohrergebnisse
_ Rare Earth and Niobium mineralisation has now been shown to extend well beyond 100m depth below surface and in many places remains open both laterally and at depth.
_ Shallow intercepts of High Grade Niobium mineralisation intersected including 6.48m at 1.86% Nb2O5 from 11.8m and 54.4m at 1.27% Nb2O5 from 21.4m.
_ Wide zones of High Grade Niobium mineralisation at depth with 24.25m at 1.03% Nb2O5 from 113.37m.
_ Wide High Grade Total Rare Earth Oxide (“TREO”) intercepts including 24.5m at 8.92% TREO from 80.8m, 35.5m at 6.03% TREO from 15.85m, 28.8m at 5.63% TREO from 61.55m, 27.0m at 7.23% TREO from 85.65m and 43.95m at 6.06% TREO from 21.4m;
_ Very High Grade TREO results include 6.1m at 11.27% TREO from 87m, 4.0m at 11.78% TREO from 104.15m and 1.5m at 15.71% TREO from 31.8m;
_ A Reverse Circulation (“RC”) rig is now on site at Mrima Hill and has commenced on an approximately