Robert Mackay, President and CEO of Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”), is pleased to report that the Company has resumed drilling its Kutessay-II Heavy Rare Earth Elements (HREEs) mine, as part of Stans Energy’s 2012 Exploration Campaign.
Originally, a 10-hole, diamond drill program was planned for the 2012 exploration season, however, preliminary results from the first 9 holes, completed before the Company’s license was suspended in September, intersected new mineralization contained within the pit outline. Holes #10 and #11 are currently underway and both are scheduled to test a depth of 250 m. Completed assays of all 11 holes are expected to be released in November.
The Company would also like to report that management has been invited to participate at a Rare Earth Geology, Chemistry, Production, and Application Conference, hosted by its technical partners VNIIHT- The Scientific-Research Institute of Chemical Technology, from October 29 to 31 in Moscow. Robert Mackay, President and CEO of Stans Energy, will be providing an address to attendees on the topic of, “Issues Facing REE Companies in Various Jurisdictions.” In addition to senior members of VNIIHT, speakers and attendees at the conference will include representatives from the following organizations:
• Russian State Atomic Energy Corporation (Rosatom)
• The Russian Academy of Sciences
• The Ministry of Natural Resources of the Russian Federation
• The Ministry of Trade of the Russian Federation
• Skolkovo Innovation Centre, Russia
• Rhodia, Member of Solvay Group, France
• Treibacher Industrie AG, Austria
• Traimtech Group, Canada
• SC “RUSNANO”
• The Russian Technologies State Corporation
• The Atomic Energy Company (Kazatomprom), Kazakhstan
• The Center of Earth Sciences, Metallurgy, and Ore Benefication (CESMOB), Kazakhstan
• Institute of High Technologies (IHT), Kazakhstan
• FengChia University, Taiwan
• Republic of Uzbekistan Academy of Science Institute of Geology and Geophysics
• Plus additional independent Rare Earth Experts in various fields around the world
For further information about this conference, please visit www.vniiht.ru/rmz-2012.
Robert Mackay, President and CEO of Stans Energy stated, “It is an honour for me to participate at VNIIHT’s conference with such esteemed rare earth experts and business leaders. I cannot stress enough how our company’s working relationship with VNIIHT has dramatically assisted our understanding of what it takes to build a rare earth mine and processing plant. This conference provides our Company with the opportunity to enhance our relationships with potential business partners, technology experts, and end users. In regards to Stans Energy’s Exploration Campaign, I am encouraged that our geologists have resumed the drilling program at Kutessay II; testing new mineralized zones not yet included in our JORC resource estimates. These additional drilling results will provide essential information for our mine plan and our ongoing feasibility studies.”
The Russian Research Institute of Chemical Technology (VNIIHT) was founded in April 1951. VNIIHT’s objective was to focus on the exploration and development of technologies and raw materials for use in the Soviet nuclear energy sector. VNIIHT technologies were, and continue to be implemented during the main stages of the nuclear fuel cycle. This includes the processing of Uranium and Rare Metal Ores through to the generation of nuclear-pure materials. VNIIHT’s sixty years of chemical technology experience combined with their capabilities of executing the complete cycle of rare earths research, development, and production will give Stans Energy a significant advantage relative to its competitors outside of China.
We seek safe harbour.
President & CEO
Investor Relations, The Buick Group