The acquisition comes in response to Rare Earth Element and tin anomalies detected in a soil geochemical survey.
Canada’s resource company, SLAM Exploration Ltd. has recently announced its acquisition of a new REE (Rare Earth Element) project by claim staking at the Cumberland Hill in New Brunswick, Canada. Sources close to the matter claim that the property was acquired based on REE and tin anomalies detected in a soil geochemical survey by former workers in 2011.
As per reports, the REE and tin anomalies in the soil are associated with magnetic and Th-K (thorium-potassium) radiometric anomalies. Mining and drilling of two holes detected the presence of elevated REE in the primary volcanic rocks. the presence of the REE is inexplicable while the tin anomalies are to be tested.
Reportedly, the 2011 geochemical survey was based on 303 soil samples collected at 50-meter intervals along several reconnaissance traverses. Around 20 samples were reported to contain anomalous levels of total REE ranging from 300 ppm to 3380 ppm, including up to 319 ppm heavy REE.
Furthermore, the soil survey indicated potential for tin with anomalous levels varying from 10 ppm to 61.6 ppm Sn occur in 27 of the samples.
Incidentally, the same workers drilled two short diamond drill holes for a total of 142 meter, both of which returned increased REE assay results. Reportedly, the first hole cut at 22 meters interval grading 1443 ppm total REE including 227 ppm heavy REE.
Meanwhile, the second hole intersected altered volcanic rocks with increased levels of REE that include a 1.5-meter interval grading 1860 ppm total REE with 405 ppm heavy REE. The second drill hole was collared around 230-m northwest of the first and verified the same Th-K magnetic and radiometric anomalies as well as increased REE in soil samples, claim reports