we're still waiting for these results.....

2012-10-30 10:16 ET - News Release


Mr. Andre Gauthier reports


Matamec Explorations Inc. has drilled 15 short drill holes southeast of the Kipawa deposit on its Zeus property.

The 1,420-metre drilling took place from Oct. 10 to 22, 2012. These surveys have all come across syenite, which is the host rock typically associated with the Kipawa deposit. The syenite is at least 100 metres thick. These surveys have also come across eudialyte, mosandritre and britholite, the rare-earth-bearing minerals in the Kipawa deposit.

The syenite has two or three intersections that display continuous mineralization. A more mineralized zone is becoming more defined. The thickness of this zone varies between one and eight metres and is present from one drill hole to another. All samples are now at the ALS Chemex laboratory in Val d'Or, and the results will be announced later.

Given the similarities with the Kipawa deposit's minerals and the proximity to the contact of the gneiss, this zone can potentially yield extensions of the Kipawa deposit.

Aline Leclerc, Geo, vice-president of exploration, is Matamec's qualified person for this press release.

Andre Gauthier, president of Matamec, stated: "The company's objective was to discover new rare earth deposits on the Zeus property. This first drilling campaign is most encouraging considering the investment. The discovery of this zone by our exploration team is testament to years of fieldwork and brings us potentially closer to our objective."