Mr. Steve Smith reports
OTISH ENERGY ACQUIRES CLAIMS ADJACENT TO LAC DU RATON REE PROPERTY, LAC ST-JEAN AREA, QUEBEC
Otish Energy Inc. has enlarged its recently acquired Lac Du Raton property by map designation of 55 additional claims covering approximately 3,080 hectares. The Lac Du Raton property now consists of 64 claims covering approximately 3,585 hectares and is located roughly 150 kilometres west of Chicoutimi, Que. Registration of the claim titles is pending with Quebec’s Ministry of Natural Resources and Wildlife.
The Lac Du Raton property consists of felsic and alkaline intrusive rocks with stockworks of magnetite hosted by charnockitic and felsic gneisses. Grab samples from outcrops yielded values up to 1.22 per cent total rare earth elements (TREE) with neodymium up to 0.19 per cent. Neodymium is the prime metal in the manufacturing of special magnets for the automotive industry.
We seek Safe Harbor.
