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Datamotion Asia Pacific targets rare earth elements in JV at Mt Barrett
Thursday, May 12, 2011


Datamotion Asia Pacific targets rare earth elements in JV at Mt Barrett

Datamotion Asia Pacific (ASX: DMN) is targeting rare earth elements (REE) after a 3D model survey at the M12 target within the Mt Barrett Project in Western Australia indicated the magnetic core may contain REE enrichment.

Datamotion also provides information technology solutions to clients but has diversified its business through its subsidiary, Universal Rare Earths Pty, holding a 70% stake in Mt Barrett.

A gravity survey over the Mt Barrett magnetic anomaly was carried out by Atlas Goephysics in March and April.

The Mt Barrett magnetic feature has been previously interpreted as a possible carbonatite (late magnetic intrusive) that may be prospective for rare earth elements and or magnetite-gold mineralisation.

The aim of the gravity survey was to map any density variations associated with the magnetic feature which may help aid its interpretation and or help site first pass exploratory drill holes.

Following a detailed review of all the current information on M12 with Oroya Mining (ASX: ORO), the final drill hole locations will be identified ready for drilling.

The M12 ?Bulls Eye? target is a discrete intrusive and strongly magnetic anomaly 2.5 kilometres in diameter.

M12 is located within 100 kilometres northeast from Lynas Corporation?s (ASX: LYC) Mt Weld Project.

Datamotion has two other joint venture projects with Oroya targeting gold at Moruya and Pambula in New South Wales.

Southern Geoscience Pty prepared the gravity 3D model report survey a total of 478 different gravity stations.

DataMotion has commenced earning 70% of the Mt Barrett project by satisfying the initial $300,000 minimum spend condition of the Mt Barrett Joint Venture Agreement.

Oroya holds the remaining 30% stake free carried until the company obtains a Bankable Feasibility Study with the decision to mine.