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Continued optimized testing is anticipated by the company to improve these recoveries and future leaching tests will benefit from using the magnetic concentrates developed at Hazen Research. Additional information regarding factors that could cause results to differ materially from management's expectations is found in the Company's SEC filings.
Forestry Permit In further developments, the company has received a US Forestry Service metallurgical sampling mining permit for the Last Chance Mine which will allow accelerated project development in the beneficiation and separation of the rare earths. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Join PR Newswire for Journalists to access all of the free services designated to make your job easier. Submit a free Prof Net request and find the sources you need.
The company holds 140 claims in the Lemhi Pass area which cover a significant number of these historically known mineralized veins.
The United States Geological Survey (USGS) has identified the presence of Dark Monazite at the Last Chance Mine.
This unique mineralization, enriched in the mid-rare earth elements (particularly Europium) provides multiple avenues for continued process innovation, with the potential for a very significant reduction in acid consumption compared to other deposits' processing methods, the company said.
Acid leaching in Rare Earth processing typically adds a significant contribution to the operating costs. Gillerman considers the Lucky Horseshoe and Last Chance veins to be part of the Lemhi Pass trend of mineralization, which typically has very high neodymium and europium concentrations.
The initial results of magnetic separation work potentially allows the company to process only 38% of the bulk weight, with approximately double the "as-mined" rare earth concentration. The recovery rate of the following assayed rare earths, based on feed to testing, was Lanthanum 94.1%, Cerium 94.1%, Neodymium 93.8%, Praseodymium 93.8%, Samarium 88.2%, Europium 92.8%, Gadolinium 91.6% and Yttrium 93.1% in 38% of the feed. based domestic mineral exploration, mining and claims-acquisition company based in .
The heavy rare earth fractions were not assayed at Hazen Research during these initial test sequences. The company is in the exploration stage and does not have any reportable reserves.
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It is accessed via Lemhi Pass Road in Montana, and the Lewis and Clark Highway in Idaho, both dirt roads.
Warm Springs Road, which roughly follows the divide in Montana, passes just west of the pass's high point.
During the last two years, the company has pursued advanced exploration of the Last Chance Mine project, where, to date, over two short tons of material have already been removed from the mine-stockpile and sampled for metallurgical tests.
, CEO of US Rare Earths, commented, "The metallurgical tests proving the Dark Monazite component of the mineralisation have come back with results far beyond our expectations.
Lemhi Pass is a high mountain pass in the Beaverhead Mountains, part of the Bitterroot Range in the Rocky Mountains and within Salmon-Challis National Forest.