Turner Falls

The property lies within the Parautochtonous unit of the Grenville Province, about 50 km south of its boundary with the Superior Province. The Parautochtone is composed of Archean to Proterozoïc supracrustal and plutonic rocks which have been intensely deformed and metamorphosed during the Grenvillian orogeny (1,080 to 985 Ma). Metamorphism is at the Upper Amphibolite / Granulite. In the area of the property, rocks of the Grenvillian sequence are made of metasediments of the Kipawa Complex, syenite of the Kipawa Intrusive Suite, and both orthogneiss and quartz-feldspar gneiss of the Ogascanane Complex. The Kipawa Suite formed around 1.03 Ga, either through a purely magmatic process or through anatexis of the Archean basement (Ogascanane Complex) and intruded the stratigraphic sequence.

Rives (RP606) mapped the area of Lac Sairs (Brennan) in 1973. Rocks of the Turner Falls property are composed of Quartzite, marble, schists, and leucocrate gneiss of the Kipawa Complex, intruded by syenite of the Kipawa Suite and orthogneisses of the Ogascanane Complex. NNW-oriented diabase cuts through every other lithologies on the property.

REE mineralized zones associated with alkaline rocks are characterized by large volumes and low grades, and are typically enriched in heavy rare earths relative to light rare earths. In the Kipawa Suite, REE mineralization is associated with the period of intensive deformation associated with the Grenville orogeny. Radioactive minerals and rare earths were remobilized and concentrated in linear sills in the contact zones between the peralkaline intrusion and the sediment series. As a result, mineralization occurs predominantly along the contact between the Kipawa Suite and the metasediments of the Kipawa Complex (GM36400).

The reference deposit in the region is the Kipawa (Zeus) (or “Sheffield”) deposit, located approximately 7 km west of the Turner Falls property. Mineralization is disseminated and occurs as a series of decametric mineralized lenses at the base of the Kipawa Complex (GM67679).

Extensive exploration work by Matamec Explorations Inc. over the past several years on its Kipawa rare earths deposit located 8.5 km southwest of Globex’s Turner Falls property was outlined, on October 21, 2013, in a press release issued by Matemac indicating that the filing of the first NI 43-101 feasibility study for this heavy rare earth project represented an important milestone for the Company and the rare earth industry.  A technical report, titled ”Feasibility Study for the Kipawa Project, Temiscamingue Area, Québec, Canada” was issued on October 17, 2013, with an effective date of September 4, 2013, by Roche Ltd, Consulting-Group in collaboration with Genivar, Golder and Associates, SGS Canada Inc. and filed on October 21, 2013 on SEDAR at (www.sedar.com) and on Matamec’s website at (www.matamec.com).  Matemac Explorations inc. is a Canadian Issuer.

The technical report includes a reference (ref: page 151, Table 15.5) to “In-Pit” mineral reserves of proven and probable reserves of 19.769 Mt grading 0.4105% TREO, (mining/milling dilution included) and where TREO equals the total of rare earth oxides calculated as: LREO (%) + HREO (%) + Y₂O₃ (%).

In-Pit Mineral Reserves	Metric Tonnes
Proven (51.7% of the deposit)	10,219,000
Probable (48.3% of the deposit)	9,550,000
Total	19,769,000
Total Grade
Cerium (Ce2O3)	0.1195
Lanthanum (La2O3)	0.0588
Praseodymium (Pr6O11)	0.0146
Neodymium (Nd2O3)	0.0550
Samarium (Sm2O3)	0.0123
Europium (Eu2O3)	0.0015
Gadolinium (Gd2O3)	0.0119
Terbium (Tb4O7)	0.0022
Dysprosium (Dy2O3)	0.0147
Holmium (Ho2O3)	0.0032
Erbium (Er2O3)	0.0101
Thulium (Tm2O3)	0.0016
Ytterbium (Yb2O3)	0.0096
Lutetium (Lu2O3)	0.0013
Yttrium (Y2O3)	0.0943
TREO	0.4105

The technical information has been reviewed by a qualified person for Globex.  To the best of Globex’s knowledge, information and belief, there is no new material scientific or technical information that would make the disclosure of this feasibility study, mineral resources, or mineral reserves inaccurate or misleading.

The total of measured and indicated resource now stands at 23,857,000 tonnes at 0.41% TREO representing 88% of the total resource. These results are at a 0.2% TREO cut-off and are not limited by an open pit (Kipawa feasibility Study dated October, 2013 (Saucier et al.) 

The Turner Falls property hosts numerous REE showings whose metallogeny is similar to that of the Kipawa deposit.