By Kari Williamson
"This is an important milestone in our heavy rare earth strategy, and we expect to begin drilling immediately,” says Mark A. Smith, Molycorp's President and CEO.
“We anticipate results from the drilling programme in the second quarter of 2012. I’d also like to compliment the Bureau of Land Management and the US Department of Interior for their thorough and efficient review of our drilling Notice."
Preliminary exploration at the site has shown rare earth mineralisation with an average ore grade of approximately 4% and a relatively high percentage of heavy rare earths, such as terbium, dysprosium, europium and samarium, as well as relatively high percentages of yttrium, neodymium, and praseodymium.
