PHE......hier krachts nach gestriger NEWS !!!! - 500 Beiträge pro Seite

[hbg55]

Brazil Lake Lithium and Rare Earth Metals Project (One of the Highest Grade Lithium Deposits in North America)


VANCOUVER, British Columbia – February 10, 2010 – PETRO HORIZON ENERGY CORP. (TSXV.PHE), is pleased to announce that the Company has executed a Letter of Intent (“LOI”), dated February 5th, 2010, with Champlain Mineral Ventures Ltd (“Champlain”), a private Nova Scotia based corporation, to earn up to a 75% undivided ownership interest in the Brazil Lake Lithium Rare Earth Property (“Property”) in southern Nova Scotia.

BRAZIL LAKE PROPERTY (Lithium and Rare Earths Metals)

The Property consists of two exploration licenses having 36 claims and 43 claims respectively covering 3,160 acres. It is located approximately 30 Kilometers north of Yarmouth, Nova Scotia and12 kilometers west of the Avalon Rare Metals (AVL) East Kemptville Project - Exploration to date on the Property has successfully revealed two of the richest Lithium bearing pegmatite dikes in North America, in addition to a host other rare earth metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Other potential economic targets include cosmetic grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar. The Property is accessible by nearby paved roads on the east and west with an all weather cross road. Power lines are also accessible from the paved roads and within one kilometer of the pegmatites.

The primary exploration and development target on the Property has been Lithium which is found in the pegmatites. The pegmatite found at Brazil Lake is enriched in rare-metal –elements including lithium, rubidium, beryllium, tantalum and tungsten and it is at present the only known occurrence of its type in Nova Scotia. Champlain’s drilling results to date have identified two lithium and rare earth metal bearing pegmatite dikes that appear at surface and are up to 20 meters wide and having exposed lengths up to 300 meters long. The deepest drill hole intersected the dikes at 50 meters depth. Both pegmatites remain open at depth and future drilling will attempt to extend the depth of the dikes to 100 or 150 meters. Three other potential pegmatites have been indicated through geochemical surveys. Further geochem surveys, exploration and subsequent drilling are planned to define other pegmatite dikes on the property indicated by pegmatite float fields.

Lithium on the property is hosted by the mineral spodumene which makes up approximately 14 to 20% of the pegmatites. Lithium bearing spodumene crystals up to one meter in length were initially discovered in the south pegmatite. The maximum lithium oxide Li2O) content in the spodumene is approximately7.4% to 7.7% making it one of the highest grade lithium discoveries in North America.

In 2003 a 50 ton bulk sample was extracted from the South pegmatite and crushed at a local aggregate quarry. A portion of the crushed pegmatite processed through a pilot plant at Dalhousie University via flotation was to separate the spodumene, mica and feldspars. The process was very successful. Further metallurgical studies will also focus on separating the potassium and sodium feldspars. The potassium feldspar is also a very valuable byproduct, due its enrichment in rubidium, and is used in ceramic, glass and porcelain industries as it lowers the melting temperature making these products easier to work and cheaper to process. Part of the company’s overall plan will be for the Company to build and implement a Pilot plant once definition drilling is completed. Approximately $1,000,000 has been spent by Champlain and associates on exploration and metallurgy to date.

ABOUT LITHIUM

According to a recent article in the National post dated Thursday January 21 2010 Overall demand for lithium is increasing at an annual rate of 7 per cent; demand for the mineral is increasing 35 per cent annually for use in batteries. This is driven by automakers moving toward electrifying their vehicles to meet the rigid emissions standards set by governments around the globe.

AGREEMENT

Whereas the LOI is to be replaced with a definitive option and joint venture agreement (“Agreement”), subsequent to completion of due diligence, key terms of the Agreement include:

* Minimum work commitments of $2,000,000 over the next three years with a minimum of $500,000 in the first year,
* $200,000 in cash option payments over the next three years, including $10,000 on execution of the LOI, $10,000 upon completion of Due Diligence and $40,000 at the end of the first year.
* Upon completion of the work programs in the first and second year, a minimum of $1,200,000 and payment of the option payments, PHE will have earned a 37.5% undivided ownership interest.
* Upon completion of the third year work program of a minimum of $800,000, PHE will have earned an additional 22.5%, thus increasing its undivided ownership interest to 60%.
* Upon delivery of a Bankable Feasibility Study, PHE will have earned an additional 15%, thus increasing its undivided ownership position to 75%.
* Completion of the Agreement is subject to the approval of the TSX Venture Exchange.
* A Finder’s fee will be payable in accordance with TSX. Venture Exchange policy and guidelines.

On Behalf of the Board of Directors,

“Ronald Patrick Bourgeois”
Ronald P. Bourgeois, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


http://www.petrohorizonenergy.ca/news-releases-feb-10-2010.h…

[hbg55]

RT noch...cad 0,18

[hbg55]

Antwort auf Beitrag Nr.: 38.927.062 von hbg55 am 11.02.10 16:11:23

betonung auf ´noch´, weil comp. damit mal grad ne
MK aufweist von knapp 1,3 cad-mios - unfassbar.....IMO,
angesichts NUR allein schon der geplanten REE/ LI- aqui !!!

[hbg55]

Time Ex Price Change Volume Buyer Seller Markers


09:59:28 V 0.18 +0.05 20,000 33 Canaccord 7 TD Sec K
09:55:41 V 0.18 +0.05 2,500 33 Canaccord 7 TD Sec K
09:55:41 V 0.18 +0.05 20,000 33 Canaccord 85 Scotia K
09:55:41 V 0.18 +0.05 7,500 33 Canaccord 33 Canaccord K
09:54:41 V 0.175 +0.045 30,000 19 Desjardins 33 Canaccord K
09:48:37 V 0.18 +0.05 2,500 7 TD Sec 33 Canaccord K
09:48:37 V 0.18 +0.05 500 7 TD Sec 33 Canaccord K
09:47:20 V 0.165 +0.035 7,000 85 Scotia 1 Anonymous K
09:43:50 V 0.17 +0.04 10,000 85 Scotia 2 RBC K
09:43:48 V 0.17 +0.04 5,000 85 Scotia 2 RBC K

[hbg55]

...dafür, daß es nach jüngster PP zu cad 0,065 grad mal 10mio.
shares gibt, sehen wir hier heute ein TOP- vol.

[hbg55]

Antwort auf Beitrag Nr.: 38.927.121 von hbg55 am 11.02.10 16:16:07

...und schon haben wir die 0,20 passiert...mit bish. TH 0,22...


Time Ex Price Change Volume Buyer Seller Markers

10:24:16 V 0.22 +0.09 3,000 7 TD Sec 7 TD Sec K

10:24:16 V 0.21 +0.08 5,000 7 TD Sec 2 RBC K
10:24:16 V 0.21 +0.08 7,000 7 TD Sec 1 Anonymous K
10:23:21 V 0.21 +0.08 3,000 85 Scotia 1 Anonymous K
10:22:58 V 0.21 +0.08 10,000 85 Scotia 1 Anonymous K
10:22:09 V 0.21 +0.08 4,000 85 Scotia 2 RBC K
10:21:23 V 0.21 +0.08 3,000 85 Scotia 7 TD Sec K
10:21:22 V 0.21 +0.08 2,000 85 Scotia 7 TD Sec K
10:20:57 V 0.21 +0.08 10,000 85 Scotia 7 TD Sec K
10:20:14 V 0.20 +0.07 8,000 85 Scotia 33 Canaccord K

[Mutzinger]

Du und Deine "Selbstunterhaltungsthreade"

[hbg55]

Antwort auf Beitrag Nr.: 38.928.294 von Mutzinger am 11.02.10 18:11:51

...ach MUTZI......wenn NUR 1 von deinen 102 so erfolgreich
sein würde, wie dieser, wärst du wohl schon HAPPPPPY, gellle

[hbg55]

mit weiteren käufen erreichen wir neues TH von 0,28

investoren scheinen sich einig, hier jetzt ne NEU- bewertung
vorzunehmen

[hbg55]

Antwort auf Beitrag Nr.: 38.928.656 von hbg55 am 11.02.10 18:51:00

...uuuups....sogar 0,285


Time Ex Price Change Volume Buyer Seller Markers

12:40:42 V 0.285 +0.155 10,000 2 RBC 7 TD Sec K

12:40:36 V 0.23 +0.10 250 59 PI 85 Scotia E
12:40:36 V 0.23 +0.10 10,000 2 RBC 9 BMO Nesbitt K
12:40:36 V 0.23 +0.10 10,000 2 RBC 7 TD Sec K
12:40:36 V 0.23 +0.10 27,000 2 RBC 85 Scotia K
12:40:36 V 0.23 +0.10 14,000 2 RBC 33 Canaccord K
12:40:36 V 0.225 +0.095 5,000 2 RBC 7 TD Sec K
12:40:36 V 0.22 +0.09 12,000 2 RBC 33 Canaccord K
12:39:54 V 0.22 +0.09 8,000 7 TD Sec 33 Canaccord K
12:38:20 V 0.225 +0.095 10,000 79 CIBC 7 TD Sec K

[Mutzinger]

Schwall....

Das endet genauso wie HUI...bei canad. HAWK URANIUM geht gleich die post UPPPP und die anderen Top-Tipps.

Haste überhaupt die Luftpumpen-Aktien über die Du dich hier immer alleine unterhälst ??

Oder blubberst Du nur, wenn hier mal enorme Kurssprünge stattfinden....

Lesen tun Deine Threads ausser Dir und mir anscheinend keine anderen User....

In der Summe sieht`s ja nedd so erfolgreich aus....

"So wie bei mir" Wie nachzulesen ist....

Nix für ungut....und weiterhin "enorme" Gewinne" !!!!
Mutzi

[hbg55]

Antwort auf Beitrag Nr.: 38.928.727 von Mutzinger am 11.02.10 19:00:54

....freut mich, wie immmmmmer, EINEN solch treuen
user wie dich, zumindest unterhalten zu können


....In der Summe sieht`s ja nedd so erfolgreich aus...


danke, MIR reichts - und hier gaaaaaanz besonders !!!

[hbg55]

...stabilisieren uns weiter oberhalb der 0,20 und
könnte mir gut vorstellen zum sitzungsende noch ne
attacke aufs TH zu sehen.......


Time Ex Price Change Volume Buyer Seller Markers

15:08:36 V 0.22 +0.09 5,000 7 TD Sec 85 Scotia K
15:06:45 V 0.225 +0.095 15,000 7 TD Sec 83 Research Cap K
15:05:33 V 0.23 +0.10 6,000 7 TD Sec 85 Scotia K
15:03:16 V 0.24 +0.11 19,500 19 Desjardins 1 Anonymous K
15:03:16 V 0.24 +0.11 500 19 Desjardins 1 Anonymous K
15:02:12 V 0.225 +0.095 10,000 7 TD Sec 1 Anonymous K
15:02:12 V 0.225 +0.095 10,000 19 Desjardins 1 Anonymous K
14:53:58 V 0.22 +0.09 300 59 PI 85 Scotia E
14:53:58 V 0.22 +0.09 3,500 7 TD Sec 85 Scotia K
14:52:26 V 0.22 +0.09 1,000 7 TD Sec 85 Scotia K

[hbg55]

Antwort auf Beitrag Nr.: 38.929.934 von hbg55 am 11.02.10 21:32:25

...nunja, da gabs zum schluß doch paaaaar mehr gewinn-
mitnahmen, die uns letztlich nen SK von 0,205 bescherten


dafür kam grad noch diese meldung rein..........


Director Joins the Board

VANCOUVER, British Columbia – February 11, 2010 – PETRO HORIZON ENERGY CORP. (TSXV.PHE) (PRZCF.OTCBB) (PH0.FRANKFURT) is pleased to announce that Richard Granholm has agreed to join the Board of Directors.


Mr. Granholm and his family founded Magnacharge Batteries in 1964 which grew from its native roots here in Vancouver, to become one of Canada’s largest wholesalers and distributor of industrial and automotive batteries. This has allowed Mr. Granholm the opportunity over his career to cultivate contacts and relationships though out North America and Asia, which will be a valuable asset to PHE’s Board.


Mr. Granholm is currently the owner and President of Battery World Corp and one of his tasks is to oversee a lithium recycling program for an Asian manufacturer.


“Seeing first hand the demand in the Lithium battery market quadrupling over the past year, and seeing sales of Lithium Batteries leading the charge as the fastest growing sector in our retail front, I am excited about the opportunity here, to working closely with PHE to help build contacts and relationships both in North America and Asia. “

Richard Granholm

The Corporation is also pleased to announce that it has retained Mr. John W. Curle to provide investor relations services. Mr. Curle has been involved in all aspects of the public markets for over thirty years, his wealth of knowledge and contacts will be a greatly appreciated contribution to the team. Mr. Curle “John” will be the primary liaison with shareholders, investment advisors, analysts, news writers and fund managers.


“picking a winning opportunity is always challenging, starting off in a company with the right capital structure and advancing into one of the fasting growing sectors, is a fantastic start.“
John Curle

Additionally, the Corporation announces the granting of 429,500 stock options to certain officers, directors, consultants and investor relations personnel at a price of
.10 per share and shall have a term of three years.


Finally, the Board of Directors has called for a special meeting of shareholders to be held on May 21st, 2010 (date of record: April 30th 2010) in response to request pursuant to Section 167 of the Business Corporations Act of British Columbia. This request of certain shareholders was previously reported in a press release dated January 28th 2010.


On Behalf of the board of directors,

“Ron Bourgeois”

Ron Bourgeois, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Suite 1710 – 1040 West Georgia Street Vancouver, B.C., V6E 4H1

For further information: Petro Horizon Energy Corp, Vancouver, BC, Tel: [phone], email: [e-mail]

[hbg55]

...HEUTE allerdings, feiertagsbedingt, nur handel
in GER möglich

[hbg55]

...soooooooo.......die SHORTIES dürften jetzt weitestgehend
ihren schnitt gemacht haben, geblieben sind DIE, die davon
überzeugt sind, daß mit dem geplanten erwerb der BRASIL LAKE
- liegenschaften im lith. und REE- bereich ( siehe news vom 21.01.2010 ) eine wende zum positiven eingeläutet wurde !!!

wie obiger chart verdeutlicht, konnten vergangene tage schön
genutzt werden aufzustocken bzw. einzusteigen....gestern sogar
mit TH als SK.....

Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers

15:56:33 V 0.18 +0.05 10,000 7 TD Sec 85 Scotia K
15:50:44 V 0.18 +0.05 500 2 RBC 85 Scotia K
15:50:44 V 0.18 +0.05 4,500 2 RBC 7 TD Sec K
15:47:46 V 0.17 +0.04 3,000 33 Canaccord 7 TD Sec K
15:47:46 V 0.17 +0.04 34,000 33 Canaccord 9 BMO Nesbitt K
15:35:02 V 0.17 +0.04 6,000 2 RBC 9 BMO Nesbitt K
15:17:39 V 0.16 +0.03 10,000 7 TD Sec 85 Scotia K
15:11:08 V 0.16 +0.03 5,000 33 Canaccord 85 Scotia K
14:48:51 V 0.16 +0.03 10,000 33 Canaccord 85 Scotia K
14:32:32 V 0.15 +0.02 30,000 7 TD Sec 7 TD Sec K

[hbg55]

Antwort auf Beitrag Nr.: 38.978.491 von hbg55 am 20.02.10 10:16:02

...festigen niv. oberhalb von 0,20.......und zwar immmmmer
nachhaltiger........


Time Ex Price Change Volume Buyer Seller Markers


13:44:49 V 0.25 +0.06 2,000 7 TD Sec 79 CIBC K
13:38:53 V 0.25 +0.06 1,500 7 TD Sec 79 CIBC K ....akt. TH


13:38:53 V 0.245 +0.055 5,500 7 TD Sec 79 CIBC K
13:38:53 V 0.24 +0.05 10,000 7 TD Sec 7 TD Sec K
13:38:53 V 0.23 +0.04 500 7 TD Sec 59 PI K
13:38:53 V 0.23 +0.04 2,500 7 TD Sec 7 TD Sec K
13:38:52 V 0.23 +0.04 7,500 2 RBC 7 TD Sec K
13:38:52 V 0.225 +0.035 7,500 2 RBC 54 Global K
13:34:30 V 0.225 +0.035 7,500 2 RBC 54 Global K
13:23:49 V 0.225 +0.035 2,500 2 RBC 85 Scotia K

[hbg55]

Antwort auf Beitrag Nr.: 38.997.133 von hbg55 am 23.02.10 20:10:26

...und mit ner weiteren steigerung gings ausm handel......mit
TH 0,28 sogar schon......


Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers


15:58:02 V 0.26 +0.07 3,000 9 BMO Nesbitt 2 RBC K
15:52:14 V 0.26 +0.07 1,000 85 Scotia 2 RBC K
15:44:07 V 0.26 +0.07 2,000 85 Scotia 85 Scotia K
15:41:51 V 0.26 +0.07 3,000 85 Scotia 33 Canaccord K
15:41:00 V 0.26 +0.07 2,500 85 Scotia 7 TD Sec K
15:41:00 V 0.265 +0.075 2,500 67 Northern 7 TD Sec K
15:37:19 V 0.265 +0.075 12,500 67 Northern 85 Scotia K
15:37:19 V 0.27 +0.08 7,500 89 Raymond James 85 Scotia K
15:33:16 V 0.28 +0.09 200 7 TD Sec 59 PI E
15:33:16 V 0.28 +0.09 2,000 7 TD Sec 33 Canaccord K

[Kelthe]

Jetzt gehts aber loooooos...

Gruß Kelthe

[hbg55]

Antwort auf Beitrag Nr.: 39.022.356 von Kelthe am 26.02.10 17:21:27

...so siehts aus.........


Time Ex Price Change Volume Buyer Seller Markers


11:28:38 V 0.31 +0.05 2,000 85 Scotia 99 Jitney K
11:28:14 V 0.31 +0.05 4,000 85 Scotia 2 RBC K
11:27:29 V 0.325 +0.065 3,500 95 Wolverton 54 Global K
11:27:19 V 0.33 +0.07 2,000 2 RBC 9 BMO Nesbitt K
11:25:57 V 0.33 +0.07 3,000 36 Latimer 9 BMO Nesbitt K
11:25:30 V 0.33 +0.07 10,000 36 Latimer 7 TD Sec K
11:21:33 V 0.335 +0.075 500 7 TD Sec 1 Anonymous K
11:20:57 V 0.335 +0.075 4,000 2 RBC 1 Anonymous K
11:19:16 V 0.335 +0.075 3,000 2 RBC 1 Anonymous K
11:18:53 V 0.33 +0.07 15,000 95 Wolverton 19 Desjardins K

[brocklesnar]

Antwort auf Beitrag Nr.: 39.022.601 von hbg55 am 26.02.10 17:47:53

gibt es news oder was erklärt den Ausbruch?

[Kelthe]

Bin mal gespannt wie lange es dauert bis wir hier 2Cad sehen. Soooo lange brauch ich glaube nicht warten...

Gruß Kelthe

[hbg55]

Antwort auf Beitrag Nr.: 39.022.628 von brocklesnar am 26.02.10 17:50:47

....lies einfach mal #1 des threads....damit sollte dir dann
auch bewußt werden, was sich hier für chancen eröffnen

[Kelthe]

Antwort auf Beitrag Nr.: 39.022.628 von brocklesnar am 26.02.10 17:50:47

Vor allem sind hier noch nicht einmal !!10Mio shares!!
draußen!!!! Da bei diesen Aussichten eine MK von 60-70Mio ohne weiteres gerechtfertigt wäre, kann man sich unschwer vorstellen, wohin der Kurs laufen könnte!! 6-7USD!!

Gruß Kelthe

[hbg55]

Antwort auf Beitrag Nr.: 39.030.464 von Kelthe am 01.03.10 09:11:04

moin kelthe,

wohin es hier geht, hängt im hohen maße davon ab, ob LOI zu
BRAZIL LAKE proj. zum ´agreed contract´ wird !!!

...hoffe, daß wir dazu alsbald weitere news erhalten

[Kelthe]

Antwort auf Beitrag Nr.: 39.030.618 von hbg55 am 01.03.10 09:33:33

Gut, darauf spekuliere ich bei diesem Invest natürlich. Gehe aber SEHR stark davon aus, dass es darauf hinaus läuft...
Etwas Geduld und wir werden schönes Geld verdienen mit diesem Invest...

Gruß Kelthe

[Kelthe]

Antwort auf Beitrag Nr.: 39.030.618 von hbg55 am 01.03.10 09:33:33

Schon 0,35US$

Gruß Kelthe

[Kelthe]

Antwort auf Beitrag Nr.: 39.030.618 von hbg55 am 01.03.10 09:33:33

In Can scheinen noch mehr so zu denken wie ich (wir)!!!
Stürmen von einem 52Whoch zum nächsten!!
Jetzt schon 0,36US$!!

Vor 4US$ gebe ich keine Aktie aus der Hand! Denke wir sind hier GOLDRICHTIG!!

Gruß Kelthe

[brummbaer007]

Hoffentlich kommt das Gerät nochmals zurück
so auf 0,2 möcht ja auch noch mitfahren........

[Kelthe]

Antwort auf Beitrag Nr.: 39.142.220 von brummbaer007 am 15.03.10 17:11:11

Bleibt wohl leider nur ein Traum von dir...
Kannst aber noch einsteigen! Sehe hier noch enorm viel Luft nach oben!!!

Gruß Kelthe

[SteirerMan]

Petro Horizon Energy Corp
Symbol PHE
Shares Issued 6,504,101
Close 2010-03-29 C$ 0.415
Recent Sedar Documents



Petro Horizon arranges $1-million private placement


2010-03-31 11:46 ET - News Release

Mr. Ron Bourgeois reports

PETRO HORIZON ANNOUNCES PRIVATE PLACEMENT

Petro Horizon Energy Corp. is proceeding with a non-brokered private placement of up to 2,977,000 units in the capital stock for total gross proceeds of up to $1,000,200.

The financing consists of 835,000 units at 30 cents per unit. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional share of the company at a price of 50 cents per share for a period of up to 18 months from the closing date of the private placement. The financing also consists of 2,142,000 units at 35 cents per unit. Each of these will consist of one common flow-through share and one-half share purchase warrant. Each full share purchase warrant will entitle the holder thereof to purchase one additional share of the company at a price of 50 cents per share for a period of up to 18 months from the closing date of the private placement.

The shares are subject to a four-month hold period. This private placement is subject to approval by the TSX Venture Exchange.

The proceeds of this financing will be used to finance the 2010 work program on the Brazil Lake lithium rare metals project, in addition to general corporate purposes.

About Brazil Lake lithium rare metals project

The 3,160-acre property is located approximately 30 kilometres north of Yarmouth, N.S., and 12 kilometres west of the Avalon Rare Metals\' (AVL) East Kemptville project. Although the property has yet to be diligently explored by the company, drilling to date has successfully revealed two lithium-bearing pegmatite dikes. In addition to lithium, the dikes host several other rare metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Metallurgical bench testing to date has also revealed other potential economic targets, including cosmetic-grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar.

The two identified lithium-and-rare-metal-bearing pegmatite dikes that appear at the surface have been defined by drilling as being up to 20 metres wide and having exposed lengths of up to 300 metres. The deepest drill hole intersected the dikes at 50 metres in depth. Both pegmatites remain open at depth and future drilling in the upcoming work program will attempt to extend the depth of the dikes to a minimum of 100 metres.

The signature dispersal train of pegmatite boulders identifying the currently drilled pegmatites will assist in identifying three other boulder fields indicating potential pegmatite targets. Geochemical surveys have assisted in the identification of these additional targets It is well know that pegmatites occur in swarms, and therefore the company plans to carry out a detailed prospecting program to source other potential targets, in addition to the drilling program on the two currently established dikes.

The lithium on the property is hosted by the mineral spodumene which makes up approximately 14 to 20 per cent of the pegmatites. The lithium oxide (Li(2)O) content in the spodumene is approximately 7.4 per cent to 7.7 per cent.

Contained rare metals

On March 2, the company announced assay results from the drill holes which addressed the rare metals contained within the pegmatites. These included rubidium, beryllium and tantalum. Examples of the grades included hole No. 02-15, in the lithium pegmatites, which returned values up to 1,398 parts per million rubidium over 15.3 metres, including 2,625 parts per million rubidium over 4.2 metres. Hole No. 02-24, in the lithium pegmatites, returned beryllium values of up to 200 parts per million over 35.8 metres, including 304 parts per million beryllium over 14.9 metres. Also, hole No. 93-2, in the lithium pegmatites, returned tantalum values of up to 102 parts per million over 24 metres, including 541 parts per million tantalum over one metre. Metallurgy regarding these rare metals was addressed in previous metallurgy work that was confirmed at Dalhousie University. Results have been positive and encouraging, and the company intends to release more news on these results shortly.
John F. Wightman, MSc, FGAC, PEng, a qualified person as defined by NI 43-101, is responsible for the technical information contained in this release.