Orbite Aluminae Inc
posted on
Oct 20, 2011 03:47PM
Edit this title from the Fast Facts Section
MONTREAL, QUEBEC--(Marketwire - Oct. 20, 2011) - Orbite Aluminae Inc. (TSX:ORT) ("Orbite") is pleased to announce the very successful completion of its 2011 drilling campaign on its aluminous clay deposit located 23 kilometres south of Grande-Vallée.
As part of the campaign, 22 holes totalling 2,718 metres were drilled in the Marin sector (easterly portion of the property). Major elements such as alumina (Al2O3), underwent carrot analysis with more than 509 total samples sent for analysis to ALS Chemex laboratories, a leader in analytical data service and metallurgy services for the ressources industry. One of the program's objectives was to better understand the geological contact dips between the Orignal formation and the surrounding Rivière Ouelle formation. In order to study the statistical behaviour of rare earths, a series of 16 holes totalling 663 metres and 180 samples, were drilled also in the Marin sector.
To measure the depth extent of aluminous clay resources, seven holes were drilled in the Simoneau area on the western portion of the property, totalling 1,250 metres and 388 analyses.
"The drilling program was conducted smoothly and we are extremely pleased with the early results. The 2011 exploration program is fully in the context of our strategic plan, to continuously add superior value to our deposit, " said Richard Boudreault, President and CEO of Orbite.
In 2009 and 2010, 5,339 metres of drilling holes and 1,180 analyses were carried out on alumina (Al2O3) and other elements in order to note and classify Marin sector resources. In March 2011, a 43-101 technical report was published on SEDAR and revised and amended in August 2011 which reports the data obtained and establishes the amount of "indicated mineral resources" in a section of Orbite's mineral deposit at approximately 1 billion metric tonnes of aluminous clay. The exploration being completed for 2011, a 43-101 technical report should be completed, at the latest, at the beginning of the second quarter of 2012.
The Geological Survey of Japan visits Orbite
Strong interest in the presence of rare earths in Orbite's aluminous clay spurred a visit from Dr. Watanabe of the Geological Survey of Japan on September 29, 2011. Dr. Watanabe visited Orbite's aluminous clay deposit, including the Cap-Chat plant, as well as other sources of rare earths around the world to meet Japanese industry's growing needs for these minerals.
"Our talks with global players are intensifying, especially with regard to our SGA alumina high-purity alumina and rare earths, which further demonstrates our company's great potential," stated Richard Boudreault.