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Apr 8, 2010

Mining Interactive: Tasman Expands Rare Earth Element Portfolio with Bastnas Project in Sweden. April 8th, 2010


TASMAN METALS LTD.
TSX - TSM; Frankfurt – T61 (WKN A0Y GN1); Pinksheets - TASXF

The Tasman Metals Rare Earth Story


TASMAN EXPANDS RARE EARTH ELEMENT PORTFOLIO WITH THE BASTNAS PROJECT, SWEDEN
Historic Sampling Discovered High Grade REE’s with Gold
  • Binding “Option and Joint Venture Agreement” signed to acquire a 90% interest in the Bastnas rare earth element (REE) project located in the Bergslagen mining district approximately 150 km west northwest of Stockholm;
  • In 1839 the first cerium and lanthanum were extracted in their metallic forms from Bastnas-sourced minerals.  Several of the most economically important rare earth minerals were first discovered at Bastnas including bastnasite, cerite and tornebomite;
  • From 1860 to 1919, high grade cerium and lanthanum ores were mined intermittently from the Cerite mine at Bastnas and during the Second World War, further cerium was extracted from waste dumps around the project area.  In addition to the REE’s, the Bastnas/Riddarhyttan ore field has been mined regularly for iron ore and explored for copper;
  • REE rich minerals occur mainly adjacent to the iron oxide mineralization, together with copper, molybdenum, bismuth and locally gold mineralization;
  • Despite the long known abundance of REE minerals in the area, little modern exploration has focused on the discovery of these metals.  To the best of Tasman’s knowledge, no drilling has ever focused on REE targets. 
Mark Saxon, Tasman Metals President & CEO: “There are few places in the world more synonymous with rare earth elements than Bastnas, and we are certainly pleased to have secured this project for Tasman.  Bastnas is one of the true homes of the REE’s with key metals and minerals having been named for discoveries in the area.  Bastnasite, the main ore mineral at all REE projects globally, originates from the area secured by Tasman under this Agreement”


 “The history of the Bastnas site combined with the high grade sampling results and association with gold are very encouraging for a new project that has not been systematically explored.  Our team is now compiling the historic data from the area to assist in our exploration activity in the coming summer field season.” 
Dear Friends:
Again Tasman hits the jackpot with the Bastnas Project.  Importantly, previous exploration data is available to the Company including analyses sourced from open file public data, taken by the Swedish state owned company SGAB during 1986 and 1990.  The high REE grades are impressive, and having gold to 8 g/t introduces an interesting story all of its own.
Just, Stay Tuned - -  for the next Chapter in the Tasman Metals Rare Earth Story!!!
Regards,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Acronyms used:
REE      rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE     light rare earth elements, lanthanum to samarium by atomic weight
HREE    heavy rare earth elements, europium to lutetium plus yttrium
TREO    rare earth elements, calculated as oxides, including lanthanum to lutetium plus yttrium
HREO    heavy rare earth elements, as per HREE above, calculated as oxides
LREO    light rare earth elements, as per LREE above, calculated as oxides


Strategic Metals, including Rare Earth Elements and their common usage:


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Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com

REUTERS:DAI: Wall Street rises as retail sales spur economic optimism, April 8th, 2010




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Good evening Fernando, THU 08 Apr 2010 
Wall Street rises as retail sales spur economic optimism
Ex-Citigroup leaders contrite, defensive on crisis
Apple's iPad sets strong sales pace, iAd unveiled
Easter volatility lifts weekly jobless claims
Ponzi schemer Petters gets 50-year prison sentence
Headwinds strong in UAL/US Airways talks
U.S. group targets Honeywell over Iran
March retail sales jump, post record growth
Toyota exec warned on defect: "We need to come clean"
Greece plunges deeper into crisis


Wall Street rises as retail sales spur economic optimism
April 08, 2010 04:32 PM ET
NEW YORK (Reuters) - U.S. stocks gained on Thursday after surprisingly strong March retail sales increased optimism that the economic recovery is on track.

Full Article
Ex-Citigroup leaders contrite, defensive on crisis
April 08, 2010 02:51 PM ET
WASHINGTON (Reuters) - Charles Prince and Robert Rubin, who led Citigroup in the run-up to the 2008 banking crisis, voiced regrets on Thursday but accepted no responsibility for mega-bank's massive losses.

Full Article
Apple's iPad sets strong sales pace, iAd unveiled
April 08, 2010 04:24 PM ET
CUPERTINO, California (Reuters) - Apple Inc CEO Steve Jobs on Thursday revealed stronger-than-expected sales of 450,000 for the iPad since its much-hyped debut, and touted a phone operating system with a new advertising platform to compete with rival Google Inc's.

Full Article
Easter volatility lifts weekly jobless claims
April 08, 2010 01:51 PM ET
WASHINGTON (Reuters) - The number of U.S. workers filing for unemployment benefits unexpectedly shot higher last week but did not alter the view labor markets are recovering as the jump reflected Easter holiday volatility.

Full Article
Ponzi schemer Petters gets 50-year prison sentence
April 08, 2010 12:58 PM ET
ST. PAUL, Minnesota (Reuters) - A federal judge sentenced Minnesota businessman Tom Petters to 50 years in prison on Thursday for running a $3.65 billion Ponzi scheme, one of the largest ever uncovered.

Full Article
Headwinds strong in UAL/US Airways talks
April 08, 2010 03:16 PM ET
CHICAGO/WASHINGTON (Reuters) - Merger talks between United Airlines and US Airways Group could run into strong headwinds from unhappy pilots and tougher antitrust enforcement, industry experts said.

Full Article
U.S. group targets Honeywell over Iran
April 08, 2010 02:19 PM ET
NEW YORK (Reuters) - A pressure group, United Against Nuclear Iran (UANI), is urging industrial conglomerate Honeywell International Inc to stop selling security technology to Iran, the group said on Thursday.

Full Article
March retail sales jump, post record growth
April 08, 2010 01:44 PM ET
NEW YORK (Reuters) - Top U.S. retail chains posted a record rise in monthly same-store sales for March, helped by an early Easter holiday and an improving job market, in the strongest sign yet of revived consumer demand.

Full Article
Toyota exec warned on defect: "We need to come clean"
April 08, 2010 07:27 AM ET
TOKYO (Reuters) - A senior Toyota Motor Corp executive in the United States warned in a January email that the automaker needed to "come clean" on a safety defect that caused accelerator pedals to become stuck open.

Full Article
Greece plunges deeper into crisis
April 08, 2010 02:40 PM ET
ATHENS (Reuters) - Markets pounded Greek bonds and banking stocks on Thursday, driving the debt-stricken euro zone member's borrowing costs to new highs and pushing it closer to tapping a last resort EU/IMF safety net.

Full Article
REUTERSwww.reuters.com