Stans Energy Announces Commencement of Exploration Drilling at Kutessay II and the Aktyuz Deposits
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is pleased to announce the commencement of drilling at Kutessay II and the Aktyuz Deposits.
Dr. Marat Fazlullin, supervising mine designer, after consultation with Asiarudproject Mining Planning Production Company CJSC (Asiarudproject), and under the oversight of VNIIHT (The Leading Institute of Chemical Technology) has recommended that Stans management contract 2 diamond drills to test the mineralized extension of Kutessay II and the Aktyuz deposits. The deep drilling under the known mineralization, which has already commenced, will broaden the understanding of the Rare Earth mineralization and will be used for the modeling of the expanded open pit. Historical records combined with these planned drilling initiatives should provide Stans Energy with new opportunities to further expand upon the reserves that were confirmed in the JORC report completed this past March.
An outline of objectives for each site is listed below:
The exploration plan for Kutessay II is to drill below the known mineralization that was used for the resource calculation in the recently completed JORC report by KMC.
Two 500m drill holes are initially planned and will be drilled from the open pit.
In researching the historical records of the Aktyuz lead, zinc and silver mine (last mined in the 1940s), Stans Energy Corp discovered a zone of Rare Earth mineralization. This mineralization was categorized into a B category by the Soviets which had been discovered by underground drifting into the mineralization along with diamond drilling.
This Yttrium rich mineralization will be initially prospected with two 500 – 600m drill holes to test the downward extension of the historic mineralization.
Asiarudproject Mining Planning-Production Company CJSC (Asiarudproject) has been retained for the mine design and its planning. Asiarudproject has completed more than 90 designs of mining enterprises and feasibility studies, over twenty of which were implemented including:
- Design of Kumtor open-pit in its final outlines for Centerra Gold
- Designs of open-pits of the Central, Southwestern and Northwestern sites in the Kumtor deposit;
- 2001: Asiarudproject prepared a feasibility study of further development of the Kumtor deposit by -underground mining
- 2004-2005: Asiarudproject developed “an underground mine for the Taldybulak Levoberezhny deposit” project
VNIIHT – The All Russian Research Institute of Chemical Technology will be guiding the implementation of improvements to historical methods of Rare Earth extraction and processing of final metals, alloys and oxides. VNIIHT has implemented the complete cycle of research and development of technologies and technological schemes of individual REE production out of different types of raw materials which were used at plants in Russia, Kazakhstan, Ukraine and Estonia.
Technologies worked out in VNIIHT became the production cycle for over 20 hydrometallurgical plants.
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
Manager, Investor Relations
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, use of proceeds from the Offering, the completion of the Offering, the continued advancement of the company’s general business development, research development and the company’s development of mineral exploration projects. When used in this press release , the words “will”, “shall”, “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar expressions may identify forward-looking statements. Although Stans Energy Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.