Thursday, January 21, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Second phase hunt for rare earths starts

by Johnny Kasalika
07/09/2012
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Drilling sept7 | The Nation OnlineCanadian-based Gold Canyon Resources Inc. says phase two work, which will cost the miner $4 million (K588 million), has begun at its Chambe Basin Rare Earth Elements (REE) Project in Mulanje.

RelatedHeadlines

Low savings rate, a loss to consumers

Firms dominate cannabis licence applications

NBS Bank partners firm in online payment

The Chambe Basin REE Project which covers a 400-square kilometres prospecting license, is being explored through a Project Venture Agreement (PVA) between Gold Canyon (33 percent) and partner, Japan Oil, Gas and Metals National Corporation (JOGMEC; 67 percent) and belongs to the company’s wholly-owned joint venture subsidiary, Spring Stone Limited, a Malawi corporation.

Mitsui Mineral Development Engineering Company Limited (Mindeco) of Japan is the contract operator of the programme.

According to the miner, Chambe Basin hosts clay-type REE deposits and that phase one drilling started in 2011 within the approximately 3.2km diameter.

During the exploration works, the miner found a surficial horizon of REE-bearing kaolinite/halloysite clay ranging from three to 26 metres thick.

“Analysis of core from these holes indicates this clay contains comparable levels of total REE’s to its Chinese counterparts as well as similar Heavy REE enrichment. Very low radioactivity is associated with clays at Chambe, a potentially positive metallurgical attribute. Initial leach testing conducted at the Corporate R & D Centre of Mitsui Mining & Smelting Company Limited indicates the recovery of REE’s may be possible through simple leaching of this clay using simple ionic solutions [such as] those employed in China, followed by precipitation of REE carbonates,” says the company in a statement posted on its website.

The miner says phase two of the work will encompasse drilling of 167 shallow core holes on a staggered 200 metre grid across Chambe Basin.

Mindeco will undertake extensive metallurgical testing of clay samples from these holes to determine the leachability of REE’s and the quality and composition of resulting REE carbonate concentrates.

It says, in addition to drilling, extensive baseline environmental work is underway including study of how indigenous vegetation could be regenerated to Chambe Basin as part of future development of the site.

“Work completed in 2012 should advance the Chambe Basin REE project toward prefeasibility by mid-2013.

Phase one of the project cost the miner A$1 million (K305 million).

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties.

Through its wholly owned US subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100 percent interest in the Cordero Gallium Project situated in Humboldt County, Nevada, USA.

Gold Canyon entered into a REE Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.

Previous Post

Cheetahs don’t push the buck!

Next Post

Jack blasts clubs on firing coaches

Related Posts

savings | The Nation Online
Business News

Low savings rate, a loss to consumers

January 20, 2021
Malawi conducted trials for 
industrial hemp
Business News

Firms dominate cannabis licence applications

January 20, 2021
NBS Bank plc expects its profit to be 25 percent higher than last year
Business News

NBS Bank partners firm in online payment

January 20, 2021
Next Post
The Nation Online Jack blasts clubs on firing coaches

Jack blasts clubs on firing coaches

Trending Stories

  • Not yet given retirement benefits: Mutharika

    Tonse faulted on former presidents’ benefits

    0 shares
    Share 0 Tweet 0
  • Covid-19 initiative raises K18.3m in 2 days

    0 shares
    Share 0 Tweet 0
  • Fake injury claims soar

    0 shares
    Share 0 Tweet 0
  • Fired Vale staff claim K4.6bn compensation

    0 shares
    Share 0 Tweet 0
  • Consider the poor on Covid-19 measures—Nankhumwa

    0 shares
    Share 0 Tweet 0

Opinions and Columns

Business Unpacked

Towards Malawi2063, lessons from Vision 2020

January 20, 2021
Rise and Shine

Never give up on resolutions

January 20, 2021
In pursuit of development

India’s vaccine drive

January 20, 2021
My Thought

Don’t relax, Covid-19 still here

January 17, 2021
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.