American Manganese Inc. (TSX-V:AMY, OTCQB:AMYZF) told investors it has found "significant" rare earth values at the Vent zone of its Rocher Deboule project, in Hazelton, British Columbia.
Five rock chip samples (ranging from 0.55-1.44 kgs in weight) were taken from outcrop (sampled intervals ranging from 15-35 centimeters) near the Rocher mine area, the company told investors in a statement.
One sample at vein No 4 showed 0.84% copper, 5.35 grams per ton (g/t) silver, 0.592 g/t gold and 2.84% iron. The same sample also generated over 500 parts per million (ppm) Cerium, 1,050 ppm Lanthanum, 262 ppm Neodymium and 104.5 ppm Praseodymium. Another sample, also on Vein No 4 showed 17.55% copper, 58.9 g/t silver and 0.241 g/t gold.
American Manganese noted that the Vent zone has positive copper, gold, silver, cobalt, rare earth element (REE) soil geochemical anomalies and was interpreted to be an Iron-Oxide Copper-Gold (IOCG) occurrence.
READ: American Manganese says equipment at its RecycLiCo demonstration plant is ready for commissioning
A drill program is planned this year on the Rocher Mine 2 and 4 Veins and Vent Zones, the firm added. The statement also said that the company has received drill permits for Rocher Deboule from Ministry of Energy, Mines and Low Carbon Innovation.
American Manganese is focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo process.
With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
Contact the writer at giles@proactiveinvestors.com