ELISSA RESOURCES: EIN HREE, GOLD und LITHIUM PLAY
Homepage: http://www.elissaresources.com/
Präsentation: http://www.elissaresources.com…Elissa_PPT_Juneabc_v2.pdf
Elissa Resources is a well financed, multi commodity exploration company enhancing projects of significant merit in Nevada and Idaho. Elissa's Management Team has a long track record of exploration success, having made several major resource discoveries internationally. The company is named after the tall ship Elissa, an American icon symbolizing American ingenuity and its pioneering spirit. In addition to gold, Elissa Resources intends to provide additional domestic sources of the metals and fuels of the future, rare earth elements (REE) and lithium; which are deemed vital to America's continued competitiveness, ingenuity and security.
Thor REE Project, Nevada
Multiple Heavy enriched REE Discovery Zones each constituting targets of significant merit
Within 26 km (16 miles) east of Mountain Pass, REE Mine
100% owned, Nevada
Includes over 2.5 km (1.2 miles) long REE structural zone
HREE & LREE grading to > 10%
Project Details:
Exploration on Elissa's 100% owned Thor REE Project, Nevada has defined several strongly anomalous REE (Rare Earth Elements) bearing discovery zones, all of which are large enough and rich enough to constitute targets of significant exploration interest. Assays of samples from each zone indicate that the REE mineralization is unusually enriched in HREE (Heavy REE), which are typically rarer and much more valuable than the LREE (Light REE).
The Project is located in the eastern Mojave Desert Region, 119 km (74 miles) south of Las Vegas, Nevada and 26 km (16 miles) east of Molycorp's Mountain Pass REE Mine, California. The Project consists of 198 contiguous unpatented lode mining claims, totalling approximately 1,481 hectares (3,660 acres). Work carried out by Elissa to date includes surface mapping, a district-scale detailed high-resolution airborne magnetic geophysical survey, extensive ground radiometric surveys, satellite imagery studies, petrographic studies, and sampling programs including channel sampling and the sampling of historical surface workings that are remnants of a 1950s uranium-thorium prospecting rush. This work has identified significant REE +/- thorium mineralization in nine widely separate prospect localities within three discovery zones known as the Lopez Trend, the Black Butte area and the NED area. A fourth area of interest is the Santos Trend.
The Thor Project occurs in Precambrian rocks somewhat similar to those at the neighbouring Mountain Pass Mine, site of the world's largest and richest REE mine until closure in the 1990s. The owner of the Mountain Pass Mine, Molycorp (NYSE-MCP), is in the process of reopening the mine due to the recent upsurge in REE prices. Elissa's work indicates that the REE mineralization at Thor may be quite different than that at Mountain Pass, where the REE occur in an igneous carbonate body mainly as a carbonate mineral (bastnasite) that is rich in LREE but contains only scant amounts of the more valuable HREE. At Thor, the REE occur in structurally-controlled zones consisting of phosphate minerals (monazite-apatite-xenotime) which are unusually enriched in HREE.
To date, Elissa has collected 127 total rock samples from the Thor Project, (link "Assays" again here).mostly continuous channel samples taken across widths of one to several metres from limited rock exposures throughout the project area. More than half of these samples (70 total) returned assays showing anomalous (> 0.1%) to very significant (>0.5%) amounts of REE, with at least 22 samples returning assays of 1.0% to 10.0% total REE. These 22 higher-grade samples, which represent various targets within each of the several separate discovery zones, contain an average of 2.58% REE, with the HREE comprising about 5% to 10% of the total REE content.
Note: The assay values mentioned here are of the REE metals themselves, not REO (rare earth oxides). REO values are 14 to 27 percent larger than REE The total REE values herein include Yttrium (Y) which is technically not a REE but is classed with the HREE because of chemical and geochemical similarities; however, because Yttrium has value and abundance more similar to the LREE than the HREE, it has been excluded from the HREE contents reported herein.
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