quarterly report: heavy rare earth values

some REE dreams from the 28 October 2010 quarterly report, just released:

Results are awaited for assays of a sample of alluvial heavy minerals that has been subjected to concentration using heavy liquids, a simple physical process applicable to segregated heavy mineral grains from waste materials. It is expected that these will have elevated Rare Earth values, particularly for heavy REE. This will demonstrate if REE concentrations of interest can be produced from alluvium at Cockroach Dam using simple and cheap physical concentration methods, and is the first step in what may become a significant REE exploration program if the results are successful. Crossland sees the REE potential of the extensive volumes of alluvium derived from certain phases of the Teapot Granite and its host rocks as of
considerable interest, but of secondary importance to the uranium potential of the Cockroach Dam Prospect.