Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
CALGARY, CANADA–(Marketwire – Oct. 12, 2011) – Kirrin Resources Inc. (TSX VENTURE:KYM) today announced analytical results from the second round of sampling at its Grevet REE property in northwestern Quebec. These include 20% total rare earth oxides (TREO), comprising almost 100% LREO (see Note 1), in a grab sample from a carbonatite dykelet. This is a re-sampling of a 2010 location which returned 14% TREO. An additional four samples from other showings within the Grevet property assayed >10% TREO and 14 samples ran between 1.0% and 10% TREO. These REE grades confirm the prospectivity of the Grevet REE property to host REE-bearing carbonatite deposits.
