Matamec Reports Second Quarter 2013 Financial Results
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 08/19/13 -- Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE: MAT)(OTCQX: MHREF) today reported its financial results for the second quarter and six-month period ended June 30, 2013. All numbers are reported in Canadian dollars unless otherwise stated.
"I am pleased to communicate to shareholders the Company is advancing its exploration of its properties on many fronts with a clear attention on the completion of the Kipawa feasibility study results which are soon to be published this September 4th," said Andre Gauthier, President and CEO of Matamec Explorations. "The Matamec team is focused on executing its objectives to position the Company for long-term growth."
Financial Highlights
Kipawa JV Operational Highlights
SELECTED FINANCIAL INFORMATION
The following table includes selected consolidated financial data, prepared in accordance with International Financial Reporting Standards ("IFRS"), for the periods ended June 30, 2013 and 2012.
2013 Second Quarter Financial Results Available
The complete financial statements, notes to financial statements, and Management's Discussion and Analysis for the second quarter ended June 30, 2013, are available on the Company's website - . These documents are also filed on SEDAR, and will be accessible from the SEDAR website at .
About Matamec
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan. Following the positive conclusion of the PEA study filed on SEDAR in March 2012 (resources that are not mineral reserves do not have demonstrated economic viability), Matamec and TRECan, JV partners, decided to move directly to the feasibility study.
In parallel, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property. Since 2008, Matamec discovered many potential showings. Particularly, it drilled the PB-PS Zone in the fall of 2012 and identified similar Eudialyte-Mosandrite/Yttro-Tantanite/Britholite associated mineralization founded at the HREE Kipawa Deposit. This type of mineralization is presently known over 200 metres long and it opens laterally and at depth. The Company plans to drill these extensions later this year.
The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins, Ontario. In Quebec, the Company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Andre Gauthier
President
(514) 844-5252
514-844-0550 (FAX)
Edward Miller
Director IR
(514) 844-5252 ext. 205
514-844-0550 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 19.08.2013 - 20:00 Uhr
Sprache: Deutsch
News-ID 289013
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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