Matamec mentioned in the Gold Report

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Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa heavy rare earths deposit.

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Moneytospend

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Matamec mentioned in the Gold Report

posted on Aug 16, 2010 11:18PM

Excerpted from the Gold Report:

TGR: Let's move on to some of the other deposits you'd like to talk about.

TM: I started the mineral exploration in Kipawa, Quebec, for Molycorp in the mid-1980s. Kipawa is enriched with the mineral eudialyte, which means "well decomposable" in Greek. I was able to establish that eudialyte contained yttrium and HREEs in anomalous amounts.

A number of years ago Matamec Explorations Inc. (TSX.V:MAT), a Canadian company from Québec, acquired the mineral rights on Kipawa. I've been basically working with Matamec and they are beginning to get some very interesting results.

TGR: What are you finding?

TM: First of all, it's going to be very easy to make a eudialyte physical concentrate in Kipawa. In fact, the way I see it, it's going to be easier to do this than in any other eudialyte deposit that I've worked on thus far. They are working on establishing that they indeed can process the eudialyte concentrate chemically to remove all of the lanthanides and yttrium and be able to bring them into the market. And do it at a cost that's competitive.