Rare Earth Element Mineralization
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Pan American Energy Completes Field Program at Tharsis Project
Globenewswire· 2025-10-28 12:00
Core Insights - Pan American Energy Corp. has successfully completed its 2025 preliminary field program at the Tharsis Project, which is located near Squalus Lake in the Northwest Territories, focusing on developing a comprehensive geological and structural model for rare earth element (REE) and niobium mineralization [1][10] Geological and Magnetic Data - The field campaign involved a six-person team mapping and characterizing outcrops around Squalus Lake, particularly near known REE-Nb showings and the magmatic core of the complex [2] - Lithological characterization showed a contrast between magnetic and non-magnetic rock units, with carbonatite and felsic phases displaying low magnetic signatures, while mafic units recorded higher readings [3] - Outcrop A, near the magnetic low core, had a low magnetic susceptibility average of 0.46 × 10⁻⁶ SI, while Outcrop B, along the magnetic high ring, averaged 55 × 10⁻⁶ SI, indicating potential for rare earth elements [3] Bathymetric Survey - A detailed bathymetric survey of Squalus Lake was conducted, collecting approximately 17,500 data points along 100-meter-spaced east-west transects, excluding areas with low water levels [4] - The bathymetric dataset will support the construction of a three-dimensional model of the lake bottom, aiding in the identification and refinement of drill targets [4] Archaeological Considerations - An archaeological field survey was conducted with support from a local Indigenous community member to ensure exploration work aligns with heritage and cultural preservation standards [6] Future Plans - All datasets from the 2025 program will be consolidated into a 3D geospatial workspace to assist with drill planning, including the preparation of a preliminary geological map and integrated model [7] - The next phase will guide the placement of the first drill holes at Tharsis, leveraging the integrated datasets [7][8]
Aventis Energy Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project
Globenewswire· 2025-10-27 12:00
Core Viewpoint - Aventis Energy Inc. announces the filing of a technical report by Standard Uranium Ltd. on the Corvo Project, highlighting its potential for high-grade uranium and rare earth element mineralization [1][4][5] Group 1: Technical Report Details - The technical report titled "Technical Report on the Corvo Property – Northeastern Saskatchewan, Canada" was prepared in accordance with NI 43-101 and has an effective date of October 24, 2025 [1] - The report was co-prepared by Axiom Exploration Group Ltd. and is available on SEDAR+ and Standard's website [1] - The report does not contain a Mineral Resource Estimate as per NI 43-101 [2] Group 2: Project Overview - The Corvo Project spans 12,265 hectares and is located in the eastern Athabasca Basin region, with a definitive agreement for Aventis to acquire a 75% interest [4] - The project is situated 1.5 km outside the current margin of the Athabasca Basin, approximately 45 km northeast of the Gemini Mineralized Zone [4][9] - The project is considered highly prospective for high-grade basement-hosted uranium mineralization, similar to the Rabbit Lake deposit [5] Group 3: Mineralization Potential - Recent sampling results from the Manhattan Showing returned values up to 8.10 wt.% U3O8 at surface, which has never been drill tested [5][11] - The project also shows potential for rare earth element mineralization, which could provide additional value [5] - Historical drill holes have intersected multiple intervals of uranium mineralization along a strike length of 800 meters [11]
Standard Uranium Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project, Northern Saskatchewan
Newsfile· 2025-10-27 11:30
Core Insights - Standard Uranium Ltd. has filed a technical report on the Corvo Uranium Project, prepared in accordance with NI 43-101 standards, effective October 24, 2025 [1][2][3] Project Overview - The Corvo Project covers 12,265 hectares in the eastern Athabasca Basin, targeting high-grade basement-hosted uranium [4] - The project is located 1.5 km outside the current margin of the Athabasca Basin, approximately 45 kilometers northeast of the Gemini Mineralized Zone [4][10] Option Agreement - The Corvo Project is under an option agreement with Aventis Energy Inc., allowing Aventis to acquire 75% of the project by funding C$4.5 million in exploration expenditures, making cash payments of C$225,000, and issuing C$725,000 in common shares over three years [5] Exploration Potential - The project is considered highly prospective for high-grade uranium mineralization, with recent surface sample results showing up to 8.10 wt.% U3O8 [6][11] - The project may also have potential for rare earth element mineralization, providing additional value [6] Company Background - Standard Uranium is focused on uranium exploration and holds interests in over 235,435 acres (95,277 hectares) in the Athabasca Basin [12] - The company aims to identify, acquire, and explore Athabasca-style uranium targets for future development [12]
Pan American Energy Signs Option Agreement to Acquire 100% Interest in the Tharsis Project, Northwest Territories
Globenewswire· 2025-06-16 12:00
Core Insights - Pan American Energy Corp. has entered into a definitive option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis Project, located in the Northwest Territories, Canada [1][8] Project Overview - The Tharsis Project consists of seven mineral claims totaling 8,750 hectares and includes the Squalus Lake Alkaline Complex, which is approximately 180 kilometers north-northeast of Yellowknife [2][4] - Exploration has confirmed the presence of carbonatite-bearing rocks and the potential for rare earth elements (REE) and high field strength element (HFSE) mineralization [2][4] Agreement Terms - Under the agreement, Pan American can earn a 100% interest in the Tharsis Project over four stages by making total cash payments of $400,000, issuing 800,000 common shares, and funding $5 million in exploration expenditures over four years [3] - The breakdown of the stages includes cash payments of $100,000 and exploration expenditures of $500,000 in the first stage, increasing to $1.5 million in subsequent stages [3] Exploration Activities - NCM will act as the operator during the option period, managing exploration activities in coordination with Pan American [3] - Previous exploration work has included detailed geochemical sampling and a high-resolution UAV magnetic survey, revealing strong magnetic anomalies and elevated concentrations of REEs and HFSEs [4] Company Background - Pan American Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties containing battery and critical metals in North America [7]