recently ran into a newly trading company called Cache Exploration.  Apparently they have just acquired three Rare Earth Properties and their flagship property is the Welsford Perkalkline Intrusion in New Brunswick.  I am told that the property was acquired after consultation with Dr. David Lentz who is a Rare Earth Expert and now a member of Geological  Team with CACHE (V.CAY).  The Welsford property is close to infrastructure and could be quickly put into production once a REE resource is defined.

I ran into these guys and was able to listen to Dr Dave Lentz at the PDAC when he presented alongside of Tony Mariano (another REE expert).

http://www.northernminer.com/issues/story.aspx?aid=1000363655



 A talk by University of New Brunswick professor David Lentz and consultant Tony Mariano on ranking and evaluating rare earth deposits was surprisingly popular. The rare earths buzz is obviously far from over as delegates flocked to this talk first thing in the morning on the last day of the convention.

Some post-session gossip included the likelihood of an IPO of private rare earth earth company Molycorp Minerals, which owns the Mountain Pass deposit in California, within the next few months.  (Which should bring allot of focus  to Rare Earth Minerals.

Recently  Cache Exploration  put out a NR outlining the Welsford Intrusion

The Welsford Intrusive Complex is 20km north of Saint John, N.B. Historic geological mapping and sampling by Uranerz Exploration Ltd. for uranium in 1980, which was followed by trenching and drilling in the late 1990's, has revealed significant Zr-Nb-Y-REE mineralization hosted within peralkalic pegmatite-aplite dyke swarms that intrude the Welsford alkaline granite. Petrogeochemical studies (Seidler et al., 2005) have verified up to 18,500 ppm Zr, 1,710 ppm Nb, 1,713 ppm Y, 153 ppm U, 446 ppm Th, 1,268 ppm Ce, and 198 ppm Yb. 

Dr. David Lentz, Economic Geology Chair at the University of New Brunswick, coordinated and oversaw the surficial B horizon soil sampling and analytical program over the Welsford properties; the instrumental neutron activation analytical results of this program revealed many highly anomalous soil samples with high Lanthanum (La), Cerium (Ce) and Neodymium (Nd), followed by Samarium (Sm), Europium (Eu), Terbium (Tb), Ytterbium (Yb) and Tantalum (Ta).

Cache's geological team, directed by Dr. David Lentz, will be completing a second phase exploration program during 2010 that will include further ground stream sediment and soil sampling, prospecting and geological mapping, followed by trenching and drill testing to confirm historical results and search for undiscovered new zones of REE mineralization. The Company intends to split and re-assay historical drill core by specialized methods for determining REE results.

 
I think this property is well located and if  a REE resource is defined it can be put into production quickly and at a low cost.  The company is very very newly trading and has only approx 10M shares outstanding.  They are currently developing a web site and should be on the ground very soon to follow up the above results.

Do your  own DD and good luck investing.