TSX.V: STI
REGINA, Nov. 9, 2012 /CNW/ -
Strategic Resources Inc. ("Strategic") is pleased to advise
that mineralogical and metallurgical studies have now been
completed on a mini-bulk sample of rock submitted to the
Saskatchewan Research Council (SRC) in Saskatoon, Canada. The objective of these
studies was to provide insight into the economic characteristics of
the REE bearing rock from the Gallinas Mountains project.
Thin section analyses confirmed the dominant host of Yttrium and
also of the lighter REE's to be the mineral assemblage
bastnaesite. The heavy REE's are associated with late stage
fluorite flooding. Thin section analyses also confirmed the
distinct lack of monazite, uranium and thorium
all of which can be detrimental to the economics of a REE
project.
The economic viability of any REE project will center on the
ability to liberate the REE minerals from the host rock with a
reasonable amount of crushing and grinding and on the ability to
produce a marketable concentrate using techniques such as
flotation, dense medium separation and magnetic separation.
A series of flotation tests were conducted to investigate the
efficiency of various collector agents including L5 fatty acid
known to have been used in the past by Molycorp(N:MCP) at its
Mountain Pass project. Of the five collector agents examined, the
L5 fatty acid delivered the best TREO recovery. SRC has now
recommended further tests to investigate ways to maximize the
flotation grade using this L5 collector.
Bench scale tests show that for crushed and ground material of
size 150-300 um(microns), heavy liquid separation at SG=3.2
recovered 36.9% of the TREO to make a concentrate grading 16.4%.
For material sized 75-150um, heavy liquid separation at SG=3.2
recovered 44.9% of the TREO to make a concentrate grading 17.16%.
These results are very encouraging and bode well for the economics
of the Gallinas Mountains REE project. SRC has recommended
that additional testing be done to further investigate ways to
maximize recovery and grade.
Bench scale tests further show that for crushed and ground
material of size 75-300um passed through a Frantz-Barrier magnetic
separator, 56.7% of the TREO was recovered to produce a concentrate
grading 8.73%. This is a very encouraging preliminary result and
SRC has recommended additional tests to investigate ways to
maximize recovery and grade. Such additional tests could possibly
include combinations of heavy liquid separation and magnetic
separation techniques.
Strategic Resources is very pleased with the mineralogical and
metallurgical characteristics of the REE bearing rock at its
Gallinas Mountains project. Permitting approvals for additional
drilling in 2013 are proceeding in an orderly fashion through
Government channels.
The Qualified Person for the Gallinas Mountains REE project is
Tony Kovschak, M.Sc, CPG.
Strategic Resources is a Canadian based junior exploration
company with a Rare Earth exploration project in Lincoln County, New Mexico. More information
about the company is available on line at
www.strategicresourcesinc.ca.
Disclaimer:
Neither the 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.
Forward looking statements:
This news release may contain certain forward-looking inferences
or statements. These forward-looking inferences or statements
are subject to a variety of risks and uncertainties beyond the
Corporation's control or prediction and could cause actual events
or results to differ materially from those anticipated in such
forward-looking statements. Although the Corporation believes
that the assumptions inherent in the forward-looking statements are
reasonable, undue reliance should not be placed on these
forward-looking statements.
SOURCE Strategic Resources Inc.