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MeneameDenver-based General Minerals (TSE: GNM) plans a more detailed sampling program at its "promising" Rio Blanco tantalum-gold property in eastern Bolivia when the country's wet season ends in March, the company said in a statement.
The development follows an initial exploration program based on a 33-sample sediment survey. Results indicate anomalous gold and tantalum values are widespread in the area, it added. Gold values are up to 356ppm, tantalum up to 20%.
General Minerals holds 6,785ha in the area including some 10km of Rio Blanco river system downstream from the apparent source zone for the tantalum and gold.
At its other tantalum prospects in Bolivia, Agua Dulce and Los Patos, "solid progress" has been made in marketing their tantalite, ilmenorutile, mica and feldspar, it said.
General Minerals is seeking buyers for them before commercial production as the industrial minerals usually require an extensive marketing effort to match the right product to the right company, the statement said.
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