The Lonnie-Virgil Property is a niobium exploration property, this property consists of eight (10) mineral claims, totaling 2480 hectares and is located on Granite Creek, south east of Manson Creek in North Central British Columbia, approximately three hours drive north of Fort St. James. The Company acquired the Lonnie Brent property on September 2007.
In May 3, 2011, Rara Tera optioned Lonnie Property from American Manganese Inc. (AMY).
Altitude on the Property varies between 3,200 feet and 4,000 feet. While historically known for its showings of niobium, the Lonnie-Virgil Property has more recently become of interest for its rare-earth elements showings.
Historical trenching on the Brent Claims returned a strike length of 119 meters (390 feet) containing an average of 0.19% Nb205 and 0.18% of Zr (zirconium) higher grades were 0.57% Nb205. The zone is open on both ends and is up to 40 meters in width in the vicinity of the heliport. A 56 meter chip sample assayed 0.15% Titanium, 0.05% Lanthanum and 0.03% neodymium.
The Lonnie niobium showings contains significant niobium, grading 0.20% Nb205 over 500 metres (1640 feet) situated approximately four kilometers southwest on strike of the Brent Showing. Work done thus far has been limited. A total of 8 rock chip and 106 soil samples where taken from two areas surrounding known mineralization. The first was a 0.2 km X 0.15 km area centered on the Virgil trenches and the second was 1.4 km X 0.5 km area encompassing the Lonnie mineral occurrence. Of the 8 rock chip samples, 7 consisted of angular shaped, sub-crop boulders and cobbles float.
In September 2010, the Company conducted a geochemical prospecting program on the Lonnie-Virgil Occurrence. The results of the program were reported in the Company’s press release dated October 1, 2010, a copy of which is available on the SEDAR filing service at www.sedar.com.
In May 2011, the Company entered into an option agreement with Echelon Petroleum Corp. (Formerly Rara Terra Capital Corp. (“Echelon”) where Echelon has the right to earn a 60% interest in the Lonnie-Virgil Property in exchange for a cash payment of $60,000 ($24,603 paid) and issuance of 285,000 common shares of Echelon (150,000 received). To acquire the 60% interest, Echelon must also spend $500,000 in exploration expenditures on the property.
In September 2011, Echelon commenced a trenching and sampling program on the Property. A total of 876 soil samples were collected and analyzed. The results are encouraging, especially for three strongly anomalous zones returning up to 8,467 ppm total Rare Earth Elements + Yttrium (TREE+Y) being delineated along a consistent five-kilometre-long NW trend. Additional anomalous zones have also been located, generally along the same strike trend, and could prove to be extensions of the known zones.
In 2012, the Company and Echelon agreed to amend the amount due on the first anniversary from $20,000 to $4,603 in light of the additional costs incurred by Echelon in exploring the property during the year.
In April, 2013 Echelon terminated the option agreement and transferred all claim blocks to the Company. The Company owns a 100% interest in the property.