Matamec Successfully Recovered REE-Y-Zr Values from Eudialyte Concentrates From the Kipawa Deposit
MONTREAL, QUEBEC -- (Marketwire) -- 08/09/10 -- Matamec Explorations Inc. ('Matamec' or the 'Company') (TSX VENTURE: MAT) is pleased to announce that the Matamec research doing metallurgical testwork has successfully recovered rare earth, yttrium and zirconium values from eudialyte concentrates originating at its Zeus property. This is a significant result because REE-Y-Zr were considered very difficult to recover from eudialyte due to the formation of a silica gel in the leaching step during processing. The new process developed for the Kipawa eudialyte concentrate greatly reduces the consequences of forming silica gel. Andre Gauthier, president of Matamec, would like to 'congratulate the Matamec research team for this technological breakthrough.'
The concentrates, used in the testwork, were made of rock originating from the specimen pit at the Kipawa deposit. The processing of these concentrates, conducted at SGS Lakefield Research in Lakefield, Ontario, resulted in a recovery rate of 67.7% of the zirconium and an average of 61.1% of the rare earth and yttrium values contained in the samples. These results come from the first 3 tests that were not yet optimized.
The ore treatment was done according to a proprietary process developed on behalf of Matamec to treat eudialyte minerals. Future work will apply similar technology to the production and leaching of a concentrate from the main zone of the Kipawa deposit, named Eudialyte zone.
Les Heymann (P.Eng), Anthony Mariano (PhD geologist) and Aline Leclerc, geologist (OGQ) and Matamec's Vice-President Exploration, are Matamec's Qualified Persons for this press release write up.
About Matamec
Matamec explores for significant gold deposits in the Timmins mining camp in Ontario of which the Matheson JV property with Goldcorp Canada Ltd. and Goldcorp Inc. is the main target. In Quebec, the Company explores for precious and base metals on its Sakami, Valmont and Vulcain properties. As well, Matamec is exploring for gold together with Northern Superior Resources Inc. on its Leperance/Wachigabau property.
Concurrently with the above mentioned exploration programs, Matamec's Quebec Tansim property is also being explored for rare metals such as lithium, tantalum and niobium.
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Contacts:
Matamec Explorations inc.
Andre Gauthier
President
514-844-5252
info@matamec.com
www.matamec.com