daytrades september 20 morning ..., page-50

CMY
http://www.capitalmining.com.au/narraburra.html

NARRABURRA RARE EARTHS & RARE METALS PROJECT

Target: Porphyry or bulk disseminated style rare metals, heavy rare earth elements (REE) and intrusive related gold-REE deposits in fractionated, peralkaline granite complex.
Commodities Sought: Zirconium, yttrium, niobium, REE, thorium, rubidium, gallium, lithium, tantalum ... for high-tech industrial market.

Project Status:

Following mapping, surface sampling and ground radiometric surveying, RC drill testing of a deeply weathered granitic intrusive with relatively high Zr, Hf, Nb, Th and REE in a 1500m by 500-800m zone of interest in 2006 led to the definition of an inferred oxide resource to 40 metres of 55 million tonnes at 1000 g/t ZrO2, 60 g/t Y2O3, 300 g/t REO, 40 g/t HfO2, 80g/t NbO2 and 50 g/t ThO2.


Grades are average to me, but multi0-mineral, further drilling could define more tonnage?

CMYOA - ex 8c is a good hold like ORMO & NTUOA/OB