Quest Uranium expands Strange Lake rare earth deposit

The momentum continues at Quest Uranium‘s (QUC-V) Strange Lake rare earth project in the George River belt of northeastern Quebec and northwestern Labrador.

New drill results from the B-Zone have extended mineralization along a strike of 1.1 km.

Mineralization is contained in an envelope that stretches as wide as 500 metres and plunges to a depth of 135.metres vertically. Mineralization is open at depth and along strike to the northeast.

Highlights from the latest drilling returned high rare earth elements plus yttrium intersections grading between 1.05% and 2.52% over a vertical thickness between 6 metres and 66 metres. Heavy rare earth elements (HREE), the more valuable metals, represented between 35.3% and 65.1% of total rare earth oxides plus yttrium (TREO) content in the new drilling.

The company reported the results from six holes totaling 747 metres of drilling.

Hole BZ-09-009 returned 48 metres grading 1.05% total TREO (46.2% HREE).

Hole BZ-09-010 intercepted 20.1 metres grading 1.27% TREO (45.5% HREE).

Hole BZ-09-011 returned 66 metres grading 1.16% TREO (40.8% HREE).

Quest says that as the resource is expanded through drilling, the company is also able to confirm that there is a strong correlation between a two-kilometer long northwest trending airborne radiometric anomaly northwest of the Strange Lake main deposit.

“New B-Zone drilling results continue to support management’s view that Quest is drilling off a very large rare earth resource potentially amenable to open pit mining,” said Quest president, Peter Cashin. “The intimate associate of the B-Zone mineralization with a strong 2.2 km-long airborne radiometric anomaly is an excellent indicator of the significant surface expression of the zone.”

The radiometric anomaly ends at Brisson Lake but the company is wondering whether mineralization might extend under the lake.

Drill holes are being spaced between 100 metres and 200 metres apart. Mineralization appears to be relatively flat-dipping and is exposed in outcrops at surface. The drill holes seem to be intersecting strongly mineralized pegmatites and intensely altered and mineralized granite.

Quest shares were up about 2% today or 5¢ to $2.43 apiece on a trading volume of 288,000 shares.