Hoidas Lake, Saskatchewan

Hoidas Lake, Saskatchewan

Postby Oscar » Sun Nov 20, 2011 4:40 pm

Hoidas Lake, Saskatchewan

http://www.gwmg.ca/html/projects/explor ... /index.cfm

The Hoidas Lake Rare Earth Project, 100% owned by GWMG, is one of North America's most significant, neodymium-enriched, primary Rare Earth Element (REE) properties currently under development.

Hoidas Lake has one of the highest proportions of neodymium (Nd) (at 22%) present in any known rare earth deposit. This makes it strategically important to the permanent magnet industry as demand for permanent magnets increases dramatically.

Hoidas Lake lies 50 kilometers northeast of Uranium City, Saskatchewan. The site is accessible by an all-weather road or scheduled air service to Stony Rapids and Uranium City, then by float or ski-equipped aircraft to the property.

In November 2009, a National Instrument 43-101 compliant resource estimate was completed by Barr Engineering Co. using a 1.5% total rare earth element (TREE) cut-off grade. The following resource estimate, based on Ordinary Kriging methodology, was generated:

Category Tonnes TREE TREO*
Measured 963,808 2.142 2.568
Indicated 1,597,027 1.958 2.349
Inferred 286,596 2.027 2.139

In 2010 and 2011, the focus at Hoidas Lake has been on the metallurgy with the goal of designing an optimal concentration/leaching process that minimizes the amount of material that needs to be processed and minimizes the quantity of reagents used in the process. With the shipment of a large sample to the Guangzhou Research Institute of Non-ferrous Metals laboratory in Guangzhou, China, the last phase of metallurgical test work is in progress. With results expected in early 2012, the Hoidas Lake project can then proceed through the preliminary feasibility and feasibility stages with the goal of being in production in 2015/2016.
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