DESCRIPTION: Medallion Resources Ltd. explores for rare earth elements, which are key components required by many new energy-saving technologies, including wind turbines, electric and hybrid vehicles, super magnets and virtually all modern electronics. Medallion is exploring its flagship Eden Lake REE Project in western Manitoba under an agreement with partner Rare Element Resources. The 8 sq. km. Eden Lake property is a recent discovery and one of North America's 10 most-promising REE prospects. Distribution studies indicate that the property has shown high neodymium values and a potential for significant heavy rare earth byproducts.
Pinnacle Digestinterview with CEO William Bird (5/10)
CEO William Bird appointed to Pele Mountain's Rare-Metals Advisory Board (8/5/10)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Medallion Resources Thursday said it has received data from its recently completed airborne geophysical survey on its heavy rare-earth project in the Red Wine district of Labrador. The company claims the new data both expands and supports previous estimates on the area for REE mineralization. Strong magnetic and radiometric anomalies correspond to a large area on Medallion's 22 sq. km. 'A' block that is known to cover the eudialyte-bearing south Red Wine intrusion. Medallion shares surged 18%. . ."
The Gold Report Interview with Tony Mariano (08/02/10)
"Medallion Resources also has an option agreement going in the Red Wine, and I'll be going to visit the Medallion area shortly and will be able to give my opinion on this deposit and rank it relative to other eudialyte deposits. As a matter of fact, I'm working on 15 polished thin sections and slabs from the Red Wine that I obtained. This is principally a eudialyte deposit and it also contains alkali zirconosilicates—AZS—that have the heavy rare earths and may be amenable to economic recovery. . .It appears to have an interesting showing of some of the heavy [earth metals] as well. However, these things don't come to you. It needs to be evaluated and it costs money to do that. These people are aware of that. They try to acquire people with the best background who are equipped to do these evaluations, such as Jim Clark, who is vice president of exploration for Rare Element Resources. He will join me on a field visit to collect rocks and evaluate Eden."
Pinnacle Digest
(07/04/10)
"On June 22nd, Medallion announced it added two additional mineral licenses to the existing Red Wine heavy REE exploration property, in which Medallion can option a 100% interest. Although this project is at an early stage, we are encouraged that Medallion has an exploration program already planned for this summer.
Medallion's flagship project is the Eden REE Project, which is an option to JV with Rare Element Resources the exploration of the Eden Lake, Manitoba REE property.
Earlier this year, Medallion released results of a new REE distribution study, based on previous sampling, which supports the potential for high neodymium and elevated heavy REE values at Eden.
Medallion's most recent news came from its Red Wine Heavy REE Project, which gives the company a two-pronged focus in the hunt for rare earths."
The Gold Report Interview with Jon Hykawy (06/25/10)
"[Eden project] is in early stages; if they can find quantity of material at grades similar to what they've found in grab samples, that one is a very, very interesting project."
View Entire Article: Jon Hykawy: REEs Explained
The Energy Report Interview with Victor Goncalves (05/06/10)
TER: Any other companies that you're following that you see as undervalued?
VG: There is Medallion Resources. Dr. William Bird, at the helm of that company, has done an exceptional job with the Eden Lake rare earth project in western Manitoba. The company recently announced results from the sampling they did there and came up with some very good numbers, in particular, in the expensive heavy rare earths category. This was still sampling, and requires the drill for true testing, but it does give us a good idea as to what is there and should leave investors excited for further results. I would certainly be watching this company as it develops.
View Entire Article: Victor Gonçalves: Betting on the Raw Materials
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