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Medallion Resources Ltd. (MDL:CA)
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Web site:
http://www.medallionresources.com
Medallion Resources - Rethinking Rare Earths
Rethinking rare earths, Medallion Resources' team of undisputed leaders in the rare-earth exploration industry has been examining the potential of large, low-cost sources that can provide significant near-term production and long-term supplies of rare-earths. The Company is now convinced that rare-earth sources almost totally ignored by others, mineral sand-based monazite deposits, are the only practical near-term solution to critical rare-earth supply issues. New rare-earth production from monazite can be developed relatively quickly and inexpensively since it is accessible in large quantities as a waste by-product of heavy mineral sand mining operations.
See medallionresources.com Medallion (TSXV:MDL; OTCQX:MLLOF; FSE:MRD) has 44,599,435 shares issued and outstanding.
Global Rare-Earth Elements Supply Shortage
In 2009, the world of rare-earth elements changed dramatically. The media and popular investment advisors introduced the public to rare earths with shocking stories of upcoming shortages and resulting industrial shutdowns. The exotic nature of these commodities and their mysterious supply-and-demand issues led to a stock market, investment frenzy. This was in marked contrast to the previous 40 years, when few people in the financial and mining industries or in the world paid much attention to the rare- earth elements. Demand for rare earths is increasing with growing global consumer and defense- industry uses, and the world's main producer, China, reducing its export supplies. Concern that a world industrial, rare-earth crisis will develop continues to drive this intense new interest.
Red Wine HREE Project
Medallion's Red Wine HREE Project explores for the heavy-rare-earth elements (HREE's) at the Red
Wine peralkaline intrusions, which lie approximately 90 kilometres northeast of Churchill Falls, Labrador, Canada.
The Red Wine HREE Project is Medallion's most recent acquisition. As it is a heavy rare-earth-element prospect, it is an important addition to the company's portfolio. The Red Wine intrusions are a new, increasingly important HREE area play. At this time, property in the area is held by nine publicly traded companies (including Great Western Minerals Group Ltd & Rare Earth Metals Inc), two private companies and 12 private parties.
Project Highlights
- The Red Wine intrusions in Labrador are a major new HREE area play
- Medallion's holdings cover key areas of the peralkaline Red Wine intrusions that are known to host eudialyte, an important HREE-bearing mineral, which experts believe will prove to be the world's main source of HREE's
- Summer 2010 exploration program included airborne radiometric survey, an NI43-101-style
Technical report and field and laboratory evaluation by key REE experts - Medallion has option to acquire 100% of seven mineral licenses (46.5 square kilometres) is subject to a 3% royalty.
Taking channel samples with a diamond saw, Red Wine HREE Project, Labrador
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MDL:CA
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