Wednesday, 15 February 2012

Strategic Elements: rare earth, precious and base metals prospects granted in Ireland

Strategic Elements (ASX: SOR) remains a very unique ASX listed company, which is the only earths pooled development fund, with the company now increasing its exposure in Ireland.

The company has now been granted six prospecting licences in Ireland, which includes five licenses in the Wicklow area which have been authorised for base metals, tungsten, tin, molybdenum, rare earth elements, lithium, tantalum, hafnium, niobium, gold and silver.

A sixth license is in the Mayo area, where Strategic Elements is authorised to prospect for base metals, tin, niobium, zircon, tantalum and rare earth elements.

Strategic Elements gains rare earth exposure to Gascoyne region

To highlight how quickly Strategic Elements is increasing its rare earth element exposure across several continents, just last month the company dealt itself into the region of Western Australia.

Using a wholly owned subsidiary, Strategic Elements has been granted a permit for the Gifford Creek Project, with exploration in the permit to target rare earth mineralisation in carbonatite dykes intruded into a broad zone of altered rocks.

Increasing the prospectivity of the area, the company said that the rocks are considered significantly anomalous in rare earths.

Global rare earth exposure

Strategic Elements is currently actively conducting fieldwork on the West Coast of New Zealand, as well as on the Mandamus rare metals project on the country’s East Coast.

Fieldwork on the West Coast is focused on a geologically rich belt adjacent to the regional Alpine Fault on the South Island, and is expected to be completed by the end of January 2012.

Strategic has begun a geochemical survey over a range of prospects related to a belt of 10 separate granites adjacent to the fault, seeking gold, silver, rare earths, rare metals, tin and tungsten.

The West Coast is believed to contain considerable mineral potential, however vegetation in the area makes it difficult to see, and a lack of airborne geophysical data has impacted on exploration in the area.

The company also has exposure to a tungsten/tin project in Ireland, along with operations in Australia.

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