Greenland Resources Reassays for Magnesium and Finds Critical Minerals Including Rare Earth Elements [Yahoo! Finance]
SGS SA ADR (SGSOY)
NASDAQ:AMEX Investor Relations:
sgs.com/en/our-company/investor-relations/investor-overview
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Source: Yahoo! Finance
announce that the Company has collected and reassayed 233 reasonably distributed core samples from the Malmbjerg molybdenum orebody and has recovered rare earth mineralization up to 579.5 ppm of total rare earth oxide (TREO). The Company will be investigating the potential recovery of these rare earth minerals from the future Malmbjerg molybdenum operation. The Company selected the intervals from five diamond drill holes archived in Greenland. Intervals were chosen on the basis of the molybdenum grade being higher than the cutoff value in the proven and probable molybdenum reserves in the NI 43-101 Feasibility Study. Samples were assayed at SGS S.A in Vancouver, Canada for 56 elements including molybdenum, magnesium and rare earth elements. Analysis of the results has shown anomalous values in molybdenum, magnesium, and rare earths, and these samples are being sent for petrographic study. The goal is to identify the mineral species that contain the magnesium and the rare earth eleme
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