Peruvian discovery may hold ‘hidden pool’ of rare earths
Peruvian discovery may hold ‘hidden pool’ of rare earths
Cecilia Jamasmie | May 19, 2015
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View up the valley at Capacsaya from the south at RioSol's rare earth project.
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U.S.-based rare earth explorer RioSol and its Peruvian mining arm Compañía Minera Rio Sol said Tuesday studies carried out at its recently unveiled rare earth element and poly-metallic claim discovery in Peru have confirmed the site potentially holds a “hidden pool” of the coveted elements.
A geological report completed in January, shows the 10-kilometer Capacscaya and adjacent claims, contain Total Rare Earth Oxides (TREOs) at 3% or greater within the granite and altered granite ore bodies.
According to geologist Mirian Mamani, who presented her portion of the report at a conference in Lima Tuesday, the finding proves there are significant quantities of high-range of Neodymium, Scandium, Lathanum, Cerium, Europium and Yttrium, as well as other LREEs and HREEs and their related oxides.
Rio Sol added there is now enough evidence to state that Capacscaya — located approximately 123 km northwest of Cusco — contains both light and heavy rare earth elements and metals, as well as copper, zinc, cobalt, aluminum, iron ore and other base metals. “It proves that the potential for rare earth elements exists outside of China and elsewhere in the world with significant opportunity for development of new production in Peru,” the company added in a statement.
More:
http://www.mining.com/peruvian-discovery-may-hold-hidden-pool-of-rare-earths/
Why obtain this material from the one source already operating, when you could also rip the holy bejesus out of the irreplaceable Peruvian mountains? Too bad the CEO's don't have summer homes up there, so they could get a good, long look at their progress.
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