VANCOUVER, March 2 /CNW/ - PETRO HORIZON ENERGY CORP. (TSXV.PHE) (PRZCF.OTCBB) (PH0.FRANKFURT), is pleased to announce that it has released previous assay results from the Brazil Lake Lithium and Rare Earth Metals Property. Petro Horizon announced on February 10, 2010, that the Company has executed a Letter of Intent ("LOI"), dated February 5th, 2010, with Champlain Mineral Ventures Ltd ("Champlain"), a private Nova Scotia based corporation, to earn up to a 75% undivided ownership interest in the Property in southern Nova Scotia.
BRAZIL LAKE PROPERTY (Lithium and Rare Metals)
Champlain has released assay results from 15 drill holes for several rare metals associated with its lithium discovery including rubidium, beryllium and tantalum.
Hole No.02-15 in the lithium pegmatites returned values up to 1398 parts per million ("ppm") Rb over 15.3 meters including 2625 parts per million Rb over 4.2 meters. Hole No.93-4 returned values up to 803 ppm Rb over 41.8 meters including 1,456 ppm Rb over 5.2 meters. Hole No.93-2 returned values up to 928 ppm Rb over 24 meters including 1,376 ppm Rb over 7.9 meters.
Hole No.02-24 in the lithium pegmatites returned values up to 200 parts per million beryllium ("Be") over 35.8 meters including 304 parts per million Be over 14.9 meters. Hole No.93-2 returned values up to 179 ppm Be over 24.0 meters including 388 ppm Be over 7.9 meters. Hole No.02-15 returned values up to 157 ppm Be over 15.3 meters including 994 ppm Be over 2.1 meters.
Hole No.93-2 in the lithium pegmatites returned values up to 102 parts per million tantalum ("Ta") over 24 meters including 541 parts per million Ta over 1.0 meter. Hole No.93-5 returned values up to 96 ppm Ta over 32.9 meters including 160 ppm Ta over 7.3 meters. Hole No.02-04 returned values up to 63 ppm Ta over 35.8 meters including 82 ppm Ta over 14.9 meters.
Drill results to date have identified two lithium and rare earth metal bearing pegmatite dikes that appear at surface and are up to 20 meters wide and having exposed lengths up to 300 meters long. The deepest drill hole intersected the dikes at 50 meters depth. Both pegmatites remain open at depth and future drilling will attempt to extend the depth of the dikes to 100 or 150 meters and to determine if metal grades increase with depth. Three other potential pegmatites have been indicated through geochemical surveys. Further geochem surveys, exploration and subsequent drilling are planned to define other pegmatite dikes on the property indicated by pegmatite float fields.
Main assay results for the rare earth metals are presented in the table below, showing only pegmatite results.
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Rb Be
ppm ppm
From To Interval equals equals Ta
Hole No. Section (meters) (meters) (meters) g/t g/t ppm
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NORTH DIKE
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93-1 1+65N 89.11 95.4 6.29 674 123 107
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93-2 1+65N 34.81 58.85 24.04 928 176 102
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38.32 48.43 10.11 1103 361 100
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41.85 49.78 7.93 1376 388 103
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51.55 55.05 3.5 1210 20 64
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56.86 57.72 0.86 110 0 541
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93-3 1+55N 90.07 94.52 4.45 802 218 91
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93-4 1+05N 47.10 88.9 41.8 803 113 69
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51.08 71.16 14.08 822 238 70
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66.07 74.39 8.32 1079 17 65
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82.83 88.9 5.15 1456 48 72
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93-5 0+70N 38.26 71.11 32.85 779 109 96
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39.26 46.37 7.11 703 48 96
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43.65 50.91 7.26 160
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50.91 55.43 4.52 643 178 50
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53.50 64.74 11.24 807
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53.50 57.74 4.24 323
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62.20 65.85 3.65 189
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02-03 0+10N 47.70 61.8 14.1 481 115 42
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51.7 59.1 7.4 462 177 26
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02-04 0+45N 51.7 87.5 35.8 903 200 63
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51.7 66.6 14.9 785 304 82
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54.9 78 23.1 845 235 58
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64.9 70.6 5.7 1598 162 26
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81.3 87 5.7 608 68 59
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02-15 1+20N 30.9 46.2 15.3 1398 157 23
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30.9 34.2 3.3 198 29 26
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34.2 37.4 3.2 2513
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38.5 42.7 4.2 2625
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42.7 44.8 2.1 994
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02-16 1+70N 32.3 41.3 9.00 1404 218 11
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37.4 41.3 3.9 2406 108
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02-23 0+80N 29.00 43.2 14.2 814 37 33
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02-24 0+40N 21.9 33.00 11.1 1136 139 54
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Rb Be
ppm ppm
From To Interval equals equals Ta
Hole No. Section (meters) (meters) (meters) g/t g/t ppm
SOUTH DIKE
02-17 4+70S 21.47 25.25 3.85 1005 34 43
02-18 4+55S 30.28 36.86 6.58 408 121 80
02-19 4+25S 29 35.9 6.9 1606 64 70
02-22 3+70S 15.1 21.1 6.00 11.81 241 166
Note: One ppm equals one g/t and 1 per cent equals 10,000 ppm. True
widths are approximately 77 per cent of intersected widths.
All drill core samples were assayed at Xral Laboratories in Toronto, Ontario.
John F. Wightman, M. Sc., FGAC, P. Eng., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
On Behalf of the board of directors,
"Ron Bourgeois"
Ron Bourgeois, President
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