Highlights:

• High degree of interest in, and anticipated future growth for, rare earth elements
• Extensive history of previous exploration
• Road accessible
• Drill ready

Target: Rare Earths – Vein-type deposits

Location: 

The Lancer Project is unique because it is one of only a couple rare earth element projects in North America that are road accessible and have an extensive history of previous exploration.  The property is accessible via 90 kilometers of paved and all weather roads from the town of Ross River, and is just 18 kilometers by road from the modern Ketza gold mine mill which is in stand-by condition.

Ownership:

Option to earn up to 100% from Strategic Metals Ltd. and Ron Berdahl 

History:

Rare earths and other elements with high-tech applications were first discovered on the Lancer Project in 1976 by Chevron Minerals and Kerr Addison. Subsequent prospecting, sampling, trenching, and mapping by Dodgex Ltd. in the 1990s outlined a mineralized structure with anomalously high values of Niobium, Uranium, Zirconium, Yttrium and other Rare Earth Elements.

The structure is extensive having been outlined over an unbroken horizontal distance of 650 meters, up a steep slope for a vertical height of 245 meters with an average width of 4.0 meters. The property is drill ready and a drill has been secured for the 2008 exploration program.

There is currently a high degree of interest in, and anticipated future growth for, rare earth elements (REEs).  The unique physical and chemical properties of REEs make them indispensable to many technological and high performance applications.  Demand for REEs for their use in relatively new technologies and products such as hybrid cards, flat panel televisions, computer memory chips, solar panels, and advanced batteries is on the rise.