Northcore Resources Inc.

Northcore Resources Inc.

October 04, 2011 10:21 ET

Northcore Resources Retains Aeroquest for Airborne Surveys Over BC Rare Earth Properties

MONTREAL, QUEBEC--(Marketwire - Oct. 4, 2011) - Northcore Resources Inc. (TSX VENTURE:NCR) is pleased to announce that it has retained Aeroquest International Ltd. to conduct multiple large-scale geophysical and radiometric airborne surveys for our South-East Cap, North Cap, MagAnomaly 1 and South Seebach rare earth element (REE) and rare metal properties located approximately 80 km northeast of Prince George in the Rocky Mountain Rare Metal Belt of Northern British Columbia.

The surveys will consist of approximately 635 line kilometres and will be flown at 200-metre line spacing with flight lines being flown at a 45 degree azimuth, perpendicular to the regional geologic trend. The AeroMAG (gradient and radiometrics) system is ideal for its superior ability to contour in Northern B.C.'s rugged terrain.

Our four REE properties, covering approximately 8,055 hectares, are all located within the immediate vicinity of Spectrum Mining Corporation's Wicheeda REE discovery as well as the Carbo project which is currently being drilled by Canadian International Minerals Inc. The highlights of Spectrum Mining Corp.'s past REE mineralization reports include a 48.64-metre interval which averaged 3.55 per cent REE, a 72-metre interval which averaged 2.92 per cent REE and a 144-metre interval which averaged 2.2 per cent REE in three separate drill holes.

The entire properties are being flown to provide magnetic, electromagnetic and radiometric data prior to the commencement of fieldwork. The Company anticipates the airborne survey to commence within the next two weeks.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Northcore Resources Inc.
    Jean-Francois Perrault
    President & CEO
    (514) 576-5837
    (514) 904-1788 (FAX)