J6L1 Rare Earth Elements Property – Sept Iles, Quebec

In September, 2009 Big Red announced that it had acquired, by map staking, a 100% interest in 86 claims covering a surface area of approximately 4,715 hectares which are located 52 kilometers North West of Sept-Iles Quebec. 

Big Red’s new property surrounds a showing  discovered by Soquem in 1976 and is named after this showing, where historic trenching assays revealed 1.08% Yttrium (Y), 0.455% Lanthanum (La), 2.63% Niobium (Nb2O5), 0.21% Tantalum (Ta2O5), 7.62% Zirconium (Zr) and 0.025% Thorium (ThO2).  The property’s 200 meters proximity from the main showing indicates a strong potential for a discovery of rare earth elements (REE) on this under-explored property.  Staking activity in this area has increased dramatically within the past month as shown on GESTIM, the Quebec’s Ministry of Natural Resources and Wildlife mining titles website.

An airborne magnetometer and spectrometer survey was recently completed over the property and was also interpreted independently by a geological consultant. J6L1 Property Interpretation is the complete report provided to the Company by Dr. Danielle Giovenazzo. Based on the encouraging interpretation, Big Red will prepare an initial program of prospecting, sampling and ground geophysics to identify drill-ready targets for the upcoming 2010 season.  This initial program will give Big Red a better understanding of the economic potential of the property.

Rare earth elements (REE), which include minerals such as dysprosium, terbium, lutetium and yttrium, are widely used and indispensable in the fields of electronics, aviation, atomic energy, and mechanical manufacturing.  They are essential elements to many of the new emerging green technologies such as hybrid and electric vehicles, and wind power generation.  The US Government relies on REE for national security and defense systems. Supply has been increasingly constricted by Chinese producers who control as much as 95% of world production. With Chinese industry currently consuming about two-thirds of rare-earth production, analysts expect domestic demand to utilize all of China’s output within a few years.