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Mount Copeland

Mt. Copeland Past Producing High Grade Molybdenum Property

The Mount Copeland deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia. The rocks have been metamorphosed and subjected to three phases of deformation. Lenses of syenite pegmatite and syenite aplite are common along the northern border of the nepheline syenite unit, and because of their concentrations of molybdenite, are the focus of economic interest. During the life of the Mount Copeland mine (1970-1974) almost all production was from these aplite-pegmatite bodies within the syenite gneisses, more specifically the Glacier zone, which was up to 3 meters thick and exposed for 121 meters along a strike length of over 1 kilometer. The object of Saint Jean Carbon's exploration efforts will be to attempt to find a repeat of the Glacier zone, which produced 163,278 tonnes grading 1.1 percent molybdenum.

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Anomalous REE values in soil samples are widespread. The areas that have the highest concentrations of REE values in soil include Marble Breccia Ridge and the East Glacier Zones. Geochemical analysis results have identified molybdenum (Mo), REE (La, Ce, Pr, Nd, Pm, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu), yttrium (Y), zirconium (Zr), and niobium (Nb) bearing mineralization.

The magnetometer survey strong anomalies are located in an area of marble with extensive zones of pyrrhotite and/or magnetite/ilmenite replacement mineralization which coincides with elevated REE geochemical analysis of rock chips 10AR-22 to 28 from Marble Breccia Ridge. A second area of REE bearing mineralization occurs in the East Glacier Zone (e.g. rock chip sampleCOPE10AR-20). The East Glacier and Marble Bx Ridge Zones are about 500 meters apart, but they occur on the same stratigraphic horizon and may be part of an extensive REE bearing mineral zone that trends under the glacier. In addition to REE bearing mineralization, a zone of elevated molybdenum and coincident niobium occurs in the east extension of the Copeland underground workings. This area has been targeted for possible extensions of Mo bearing mineralization, but this zone appears to have elevated Mo-Nb-Ti (e.g. rock chip sample COPE10AR-4 & 5). Also, directly adjacent to the underground workings there is a rock chip sample that contains elevated Mo-REE-Nb-Ti (rock chip sample COPE10AR-3).

Mount Copeland Technical Report

2010

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Red Bird

The Red Bird Property hosts an NI 43-101 Metal Content Of 151.6 Million Tonnes Including 88.2 Million Tonnes Indicated

Red Bird also hosts Copper and Rhenium. Rhenium is one of the most expensive metals in the world with limited supply.


drillsiteaug07.jpgExploratory work to date has shown that the Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 444.49 ha (1111 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola. The Red Bird mineral claims are bordered by the boundary of Tweedsmuir Park to the east and north. This park is a designated protected area that excludes all industrial activities including mineral exploration and development. The entire claim area is open to mineral exploration and development. In the Haven Lake area, the park boundary corresponds to the drainage divide between the coast and interior watersheds. This drainage divide is also the boundary between the Omenica and Skeena Mining Divisions. Access to the property is via float plane in June-October and by helicopter in winter. Float plane access is available from Nimpo Lake and Bella Coola located south of the property and from Burns Lake or Houston northeast of the property. The property is open to the southwest and lies 45 kilometers from tidewater.


DSC00273.jpgThe property also hosts rhenium which is in high demand. The number of rhenium producers has fallen significantly over the past decade, to the point where just three companies now supply almost all of current world demand.

Rhenium's supply-demand balance is currently very tight: world demand of some 41 tons per year is met by primary production of 35.5-37 tons per year, with the balance derived largely from recycled material. Demand is unlikely to fall in the coming years,  most probably continue to rise.

Nickel-based superalloys of rhenium are used in the combustion chambers, turbine blades, and exhaust nozzles of jet engines. These alloys contain up to 6% rhenium, making jet engine construction the largest single use for the element, with the chemical industry's catalytic uses being next-most important. Because of the low availability relative to demand, rhenium is among the most expensive of metals, with an average price of approximately US$4,575 per kilogram (US$142.30 per troy ounce) as of August 2011; it is also of critical strategic military importance, for its use in high performance military jet and rocket engines (Wiki).

Red Bird Technical Report
January, 2008