Rare Earth Deposits From Silicate Minerals

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Andre Gauthier, President and CEO of Matamec Explorations Inc discusses their gold projects and rare earth deposit.

Matamec is involved in three projects. We have two gold projects, the first one is Sakami and we work on the extension of the zone. It was discovered in 2000 but was not well known at the beginning, now we know the structure etc., and we expand the zone recently. In Timmins we have the SMR and MGV project. On SMR, Goldcorp found the TVZ zone and we work on that.We hold a NSR on that project. One is the Kipawa rare earth project, and it’s a very great project. It’s probably the first mine in the world we can extract rare earth from silicate minerals. The rare earth is used in many applications, hybrid electric cars, wind turbines, solar energy, in the magnet and in many electronic devices. We have a lot of use for the rare earth. What is Unique for Matamec, is we developed a rare earth deposit in Quebec, and that’s for the oil industry in the world, that’s a potential new producer in the near future. That’s our focus.

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