Montero Mining averages 10.43% TREO in grab samples from Nyati target at Wigu Hill

Montero Mining and Exploration (CVE:MON) announced Tuesday it established an average 10.43 percent total rare earth oxide (TREO) grade in 55 grab samples, taken from the North East Zone of the Nyati target on the company's 70%-owned Wigu Hill property in Tanzania.
The samples from the North East zone ranged in grades from 2.51 percent TREO to 18.21 percent TREO, for an average of 10.43 percent TREO.
On the South West zone, 45 samples ranged in grades from 1.95 percent TREO to 13.03 percent TREO, for an average of 5.85 percent TREO, the company said.
Mapping at the target defined an 800 by 400 metre mineralized zone, from which the grab samples were taken.
Montero said Nyati, which is located upslope and to the north of the Tumbili target, has a larger mineralized footprint than any previously explored zone at Wigu Hill, though it has yet to be drill tested.
"Initial assay results obtained from the Nyati target have defined a . . . mineralized surface area where larger dikes host similar high-grade bastnaesite bearing carbonatite as seen at the Twiga and Tembo targets," said president and CEO, Dr. Tony Harwood.
"Exploration drilling at Tumbili and Nyati targets will build on our initial NI 43-101 resource statement on the Twiga and Tembo targets release in September. We remain focused on fast-tracking our world-class deposit to the mining and production phase."
Indeed, in early September, the company released a resource estimate for the Tembo and Twiga deposits, prepared by AMEC Earth & Environmental Services, which indicated an inferred resource of 3.3 million tonnes, at a grade of 2.6% light rare earth oxide.
Rare earth elements, a group of 15 metals, are critical in the development of emerging green technologies and high-tech applications, from electric and hybrid vehicles and wind and hydro power turbines, to LCD screens, MRI, X-ray machines, mobile devices and other computing equipment.
Exploration mapping and reconnaissance sampling is ongoing at the Nyati target to further define the full extent of the Nyati dikes, though these initial sampling results prove the potential extent of mineralization at Wigu Hill, the company said.