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Few statements have had as important an impact on the
mining world as the one issued by the Chinese government
in the first part of July 2010 that they were
substantially reducing their exports of rare earth
elements (RRE) to the rest of the world. Quite suddenly,
many users of RREs were faced with potential shortages
since there are few, if any, present alternatives to
Chinese supplies for these essential metals and
minerals.
In other words, there is suddenly a desperate search for
new supplies, particularly in North America. Hoping to
take advantage of this situation, one North American
junior, First Gold Exploration Inc., headquartered in
Laval, Quebec and led by President Eric Leboeuf, is
moving as rapidly as possible to develop their REE
project located in northwest Quebec province, just to
the east of James Bay.
First Gold's RRE property is named "Lac Pivert/Rose
Lithium Property" and a major 2010 drill program is
underway, with assay results now being received and
publicized on a regular basis. The program is due to be
extended during the remainder of 2010 and is planned to
encompass approximately 95 holes. Preliminary results
show values in metals and minerals such as lithium,
tantalum, rubidium, beryllium, gallium and cesium.
The company's other important project is the
joint-ventured Croinor gold project in the Val d'Or
region. Previous exploration work has resulted in a NI
43-101 compliant resource estimate showing 814,228 tons
grading 9.11 grams per ton for 238,414 ounces, with
veins remaining open in many directions. A scoping study
has been completed and First Gold plans to move Croinor
toward production as rapidly as possible.
The company also has other properties located elsewhere
in Quebec and in southern Mexico.
Further information may be obtained by visiting the
company's website at
www.firstgoldexploration.com
(A full in-depth report
is planned for publication following a property visit
now scheduled for late summer or early fall.) |
