Medallion Resources appoints Robert R Roe to Advisory Board
Medallion Resources Ltd. (TSX.V: MDL), a rare-earth-element (REE) explorer, announces that it has appointed Robert R Roe to its Advisory Board. Mr Roe is an expert consulting geologist with over 35 years of diverse experience in mineral exploration, mining-property evaluation, mineral-sands evaluation and supply-chain management.
“I am delighted with Bob Roe’s decision to join our world-class Advisory Board. The urgent worldwide demand for new and alternative sources of REE’s presents an extraordinary opportunity to those that can quickly supply meaningful quantities of REE’s to the marketplace. Medallion is focused on using all of its technical expertise and its wide-ranging knowledge of the REE industry to rapidly find the best new sources of REE’s. I am certain that Bob will be extremely valuable in assisting us with our efforts,” said Dr. Bill Bird, Medallion’s President.
Robert Roe has managed regional polymetallic exploration programs in diverse geologic environments for a variety of mineral commodities including gold, base metals, uranium and titanium. He has worked on all major continents while working for Rio Algom, Phelps Dodge and Essex International as a field geologist and for Kerr McGee Corporation as regional exploration manager and manager of geological services.
Environmental remediation is also part of Mr Roe’s resume. He led a Kerr-McGee in-house group of geosciences professionals, which dealt with remediation of nuclear, mining and chemical-manufacturing sites. At Kerr-McGee, and its spin-off Tronox, Roe provided titanium-resource evaluations in support of the third largest manufacturer of titanium oxide in the world. Mr. Roe has a MS Geosciences degree from the University of Arizona and is a member of the Society of Economic Geologists.
About Medallion Resources Ltd
Medallion Resources Ltd (TSX-V: MDL) explores for large, low-production-cost, heavy-rare-earth-element (REE) deposits with straightforward metallurgy and cost-effective infrastructure. Headed by Dr Bill Bird and supported by a technical team second to none, the company is well-positioned to efficiently evaluate the best prospective REE projects. REE’s are essential for many products and applications including wind turbines, electric and hybrid vehicles, super magnets, and all modern electronics.
Medallion is exploring the Eden Lake REE property in western Manitoba, under an option agreement with Rare Element Resources Ltd (AMEX: REE, TSX-V: RES) that provides Medallion with the right to earn a 65% interest in the exploration joint venture. A recent discovery, Eden Lake is one of North America’s most prospective REE projects, with potential for high values of neodymium and significant levels of the high-value heavy REE’s.
The company is also exploring over 42 square kilometres of the Red Wine peralkaline intrusion in southern Labrador under an agreement to option a 100% interest in six mineral licenses (subject to a 3% royalty). The portions of the Red Wine intrusion covered by the licenses host the mineral eudialyte, known to contain elevated values of the heavy REE’s.
ON BEHALF OF THE BOARD OF DIRECTORS
“William H Bird”, PhD, PGeo
President & CEO
For further information visit www.medallionresources.com or contact:
Donald Lay
President
Tel (604) 681-9558 or Email don.lay@medallionresources.com
BC Medallion Management takes full responsibility for content, prepared this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe medallion’s future exploration and financing plans, objectives or goals, including words to the effect that Medallion or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in these statements. Such risks include expectations that may be raised by discussing potential acquisitions or exploration plans. Also, in order to proceed with Medallion’s exploration plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans.
