Rare-Earth Element Claim Discovery in Peru

Rare Earth Deposits & Mining / Rare Earth Exploration, Mining, Processing, & Uses

Date posted: 01/02/15

Christian Nordqvist reports that a significant rare earth element and poly-metallic claim discovery was announced by Compania Minera Rio Sol SAC and RioSol SAC LLC in Peru on Wednesday. The report suggests the 10-kilometer claim is the largest rare earth discovery ever made in Peru, containing LREEs (light rare earth elements) and HREEs (heavy rare earth elements and metals). According to third-party geology and geochemical analyses, the claim, which is located about 95 kilometers - 59 miles - northwest of Cusco, is the largest in Peru history. The claim is one of the newest rare earth finds in all of Latin America that contains both light and heavy rare earth elements and metals, as well as copper, zinc, aluminum and other base metals. It proves that the potential for rare-earth elements exists outside of China with significant opportunity for development of new production in a mining-friendly country.