Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is pleased to announce the 2012 core drilling program at Kutessay II is now underway.
In 2011, Stans drilled the Kutessay II Deposit to test the depth extension of the known mineralization and confirmed that the historic past producing heavy rare earth deposit continues to depth. The 2011 drilling also found new “blind” mineralized bodies that are not delineated to depth or along strike.
The 2012 exploration drilling program at Kutessay II consists of up to 10 drill holes with 60 m spacing within the existing open pit outline which will allow the new zone to be included in future resource calculations.
The exploratory drill hole objectives are:
Delineation of the “blind” mineralization between +2353 m and +2193 m levels that were revealed in 2011 in the drilling;
Prospecting for new previously unknown REE mineralization
“The identification of new blind rare earth zones that have a 50/50 heavy to light rare earth ratio from last years’ drill program adds to the possibility of further delineating new resources within the existing open pit. Completion of the current drill program is targeted for late September.” stated Robert Mackay, President and CEO.
About Stans Energy
Stans Energy Corp. is a resource development company focused on progressing Heavy Rare Earth (HRE) properties in areas of the Former Soviet Union. In December 2009, Stans acquired a 20-year mining license for the past-producing Kutessay II rare earth mine from the Kyrgyz Republic. On May 26, 2011 Stans completed the purchase of the Kashka Rare Earth Processing Plant (KRP) the same plant that previously refined REEs historically from Kutessay II. The KRP was the only hard rock plant to produce all rare earth elements outside of China, producing 120 different metals, alloys, and oxides. For over 30 years, Kutessay II produced 80% of the rare earth metals for the former Soviet Union.
We seek safe harbour.
President & CEO
Investor Relations, The Buick Group