GTSO Selects Actlabs to Assay New Arizona Rare Earth Mining Properties
International Testing Lab Will Assess Rio Del Monte’s Mineral Contents.
SAN JOSE, Calif.--(BUSINESS WIRE)-- Green Technology Solutions Inc. (OTCQB: GTSO) today announced the selection of international analytical testing firm Actlabs to assay the Rio Del Monte Mining properties near Salome, Ariz. GTSO recently signed a letter of intent to acquire the mining properties as part of the company’s efforts to develop new sources of rare earth elements outside of China.
Actlabs is based in Ancaster, Ontario, but maintains laboratories around the world. The company provides contract analytical services for many different applications, from academic research to routine quality control functions. Actlabs’ assays of Rio Del Monte’s 400 deeded acres will accurately determine the level of rare earth metals contained in the mining properties’ soil. GTSO is commissioning the assays as part of its due diligence in assessing Rio Del Monte’s potential profitability as a rare earth mine.
“In our efforts to find a suitable laboratory to conduct these assays, it quickly became apparent that Actlabs is the continent’s preeminent analyst of rare earth mineral contents,” said GTSO President and CEO John Shearer. “Before we complete our acquisition of these properties, we must be sure that they contain enough rare elements and strategic metals to be mined profitably. We expect that Actlabs will be able to provide us with a definitive answer.”
In the early half of the 20th Century, the Rio Del Monte properties were mined for gold and silver, but the site has never before been assayed for the purposes of discovering rare earth. Shearer traveled to Arizona yesterday to inspect the properties personally.
“It’s only recently that exploding global demand and economic protectionism in China have combined to make rare earth discovery and mining in the U.S. a profitable endeavor,” Shearer said. “When these mines at Rio Del Monte were originally developed, no one was even interested in rare elements.”
In addition to assaying the Arizona properties, Shearer said that Actlabs may also be tabbed to assist GTSO’s rare earth joint venture in Mongolia. Green Technology Solutions and Rare Earth Exporters of Mongolia (REE) are currently examining four mining properties inside the former Soviet state for potential rare earth production. Each site must be assayed, and Actlabs maintains an analytics lab in Mongolia.
“We are confident that Mongolia contains rare earth deposits that rival those in China, the world’s top producer,” Shearer said. “GTSO is committed to developing plentiful and prosperous new rare earth supplies there alongside Rare Earth Exporters of Mongolia.”
For more information on the joint venture’s Mongolian strategy, please visit http://www.rareearthexporters.com.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Neo Material Technologies Inc. (Toronto: NEM), General Electric Co. (NYSE: GE), MV Rare Earth/Strategic Metals (NYSEArca:REMX) and Honeywell International Inc. (NYSE: HON).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO acquires, develops and implements the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.
For more information, please visit http://www.GreenTech-Solutions.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Green Technology Solutions, Inc.John Shearer, 408-432-7285President and CEO
Source: Green Technology Solutions, Inc.
SAN JOSE, Calif.--(BUSINESS WIRE)-- Green Technology Solutions Inc. (OTCQB: GTSO) today announced the selection of international analytical testing firm Actlabs to assay the Rio Del Monte Mining properties near Salome, Ariz. GTSO recently signed a letter of intent to acquire the mining properties as part of the company’s efforts to develop new sources of rare earth elements outside of China.
Actlabs is based in Ancaster, Ontario, but maintains laboratories around the world. The company provides contract analytical services for many different applications, from academic research to routine quality control functions. Actlabs’ assays of Rio Del Monte’s 400 deeded acres will accurately determine the level of rare earth metals contained in the mining properties’ soil. GTSO is commissioning the assays as part of its due diligence in assessing Rio Del Monte’s potential profitability as a rare earth mine.
“In our efforts to find a suitable laboratory to conduct these assays, it quickly became apparent that Actlabs is the continent’s preeminent analyst of rare earth mineral contents,” said GTSO President and CEO John Shearer. “Before we complete our acquisition of these properties, we must be sure that they contain enough rare elements and strategic metals to be mined profitably. We expect that Actlabs will be able to provide us with a definitive answer.”
In the early half of the 20th Century, the Rio Del Monte properties were mined for gold and silver, but the site has never before been assayed for the purposes of discovering rare earth. Shearer traveled to Arizona yesterday to inspect the properties personally.
“It’s only recently that exploding global demand and economic protectionism in China have combined to make rare earth discovery and mining in the U.S. a profitable endeavor,” Shearer said. “When these mines at Rio Del Monte were originally developed, no one was even interested in rare elements.”
In addition to assaying the Arizona properties, Shearer said that Actlabs may also be tabbed to assist GTSO’s rare earth joint venture in Mongolia. Green Technology Solutions and Rare Earth Exporters of Mongolia (REE) are currently examining four mining properties inside the former Soviet state for potential rare earth production. Each site must be assayed, and Actlabs maintains an analytics lab in Mongolia.
“We are confident that Mongolia contains rare earth deposits that rival those in China, the world’s top producer,” Shearer said. “GTSO is committed to developing plentiful and prosperous new rare earth supplies there alongside Rare Earth Exporters of Mongolia.”
For more information on the joint venture’s Mongolian strategy, please visit http://www.rareearthexporters.com.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Neo Material Technologies Inc. (Toronto: NEM), General Electric Co. (NYSE: GE), MV Rare Earth/Strategic Metals (NYSEArca:REMX) and Honeywell International Inc. (NYSE: HON).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO acquires, develops and implements the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.
For more information, please visit http://www.GreenTech-Solutions.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Green Technology Solutions, Inc.John Shearer, 408-432-7285President and CEO
Source: Green Technology Solutions, Inc.
Comments
Post a Comment