Seeking Alpha

positivephil's  Instablog

positivephil
Send Message
Phil Morgan represents an extraordinary ability to drive investor and consumer traffic through online channels. Phil leads a consulting partnership that works with senior executives to identify and exploit emerging opportunities at the intersection of online media and public relations, investor... More
My company:
Positive Phil
My blog:
Positive Phil
My book:
Building Shareholder Bases Using Online Strategies
  • Maybe Its Time Re-think Rare Earth Elements In Arizona 0 comments
    Jan 17, 2013 2:03 PM | about stocks: LBSR

    It may be time to re-examine the potential for rare earth elements (NYSEMKT:REE) in Arizona. The conventional wisdom is that we have only minor amounts in a few pegmatites. But Virginia McLemore from the New Mexico Bureau of Geology and Mineral Resources may have dispelled that as a myth, with her talk at the Arizona Geological Society monthly dinner meeting on Tuesday.

    Liberty Star's Newfound Potential

    Liberty Star Uranium & Metals Corp (OTCQB: LBSR), a mineral exploration company engaged in the acquisition and exploration of mineral properties in Arizona and Alaska, could capitalize on these favorable trends after identifying a surprising presence of rare earth elements over a large area on its Hay Mountain project located in Arizona.

    In three press releases, the company indicated that assays of soil samples showed the presence strong anomalies of 4 REEs including scandium, yttrium, lanthanum and cerium within a nine square mile anomaly. The main reason that the DOD was interested in the Bokan property of Ucore is that it contains 3 of the much less commonly found 'heavy' rare earths; Dysprosium, Terbium, and Yttrium. Liberty Star's Hay Mountain property contains one of these 3 elements, Yttrium, and with plans to assay the samples for the 13 additional REEs. The firm's land could prove to be even more valuable than once thought given the promising initial results.

    Interestingly, a recent issue of Elements Magazine (ElementsMagazine.org) devoted an entire issue to Rare Earth Elements, with articles on 1) "Rare Earth Elements: Minerals, Mines, Magnets (and More); 2) Dynamics in the Global Market for Rare Earths; 3) Rare Earth Mineralization in Igneous Rocks: Sources and Processes; 4) Hydrothermal Mobilization of the Rare Earth Element: A Tale of "Ceria" and Yttria; 5) Diversity of Rare Earth Deposits: The Key Example of China and 6. Rare Earth Mining and Exploration in North America.To emphasize that, Jim Briscoe reminded us that an announcement by Liberty Star Uranium & Metals Corp. LBSR.OB libertystaruranium.com (August 13, 2012) described the company's Hay Mountain block of their Tombstone project in Cochise County, which consists of 57 unpatented federal lode mining claims in addition to Arizona State land leases (Mineral Exploration Permits, "MEPs"). They state that their "land position covers geologically, geophysically, geochemically indicated completely covered porphyry copper- moly-silver-gold, and rare earth element (REE) mineral center."

    "Liberty Star has recently discovered a large intrusion indicated by an aerially extensive low flight level magnetic survey under and partially exposed in and around the Tombstone caldera. Mineralization is clearly associated with this intrusive body."

    Could Arizona have a lot more REEs than we think? It's a possibility.

    http://arizonageology.blogspot.com/2012/11/rethinking-rare-earth-element-potential.html

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To positivephil's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.