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Carbo Rare Earth Project

The Carbo Property encompasses a series of Niobium and Rare Earth Element (REE) bearing carbonatite and alkaline intrusions, located about 80 km northeast of Prince George and 50 km east of Bear Lake, British Columbia. It consists of four claims: Carbo1, Carbo2, Carbo3 and Carbo West, totalling 14.63 sq. km. The property is subject to a mineral property option agreement dated February 10, 2009 with Commerce Resources Corporation: subject to certain payments, expenditures, a 2% NSR royalty and regulatory approval, CIN can acquire a 75% interest in the Carbo Claims.

The property is underlain by Cambrian Kechika Group sedimentary rocks, which consist mainly of interbedded limestone with calcareous argillite and phyllite. Several dike-like or sill-like, carbonatite and alkaline intrusions with associated Niobium and Rare Earth Element mineralization were identified at the property,and adjacent areas. The mineralized intrusives outcrop intermittently across several kilometres strike length at Bear Ridge, a northwest trending ridge with several hundred meters relief above the local topography. Indications of REE mineralization include radiometric anomalies, soil geochemical anomalies, and grab samples from outcrops and trenches. The soil geochemical anomalies are principally indicating light REEs (La, Ce, Pr, Nd), and locally exceed 2,000 ppm Cerium. Soil geochemical anomalism is also noted for Niobium, with values in excess of 3,000 ppm Niobium. The soil anomalies coincide with or are partly displaced downslope from buried outcrops of carbonatite and/or alkaline intrusions. Mineralized outcrops have returned from 0.09 to 0.20% Nb2O5, and trenches from background values to 0.95% Nb2O5. Historic samples from trenches within claim Carbo2 also returned from background concentrations to 8.37% P2O5 and generally less than 0.5% total REEs + Yttrium.

Fewer than 600 carbonatite occurrences are known worldwide. They are known for concentrations of, or have yielded, a variety of commodities that include: Niobium, REEs, Phosphate, Vermiculite, and Copper.

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This page was created on Tue Sep 7, 2010 at 5:15:59 AM Pacific Time.