Welcome!

News Feed Item

Oxford Resources Inc.: Detailed Assessment Program Commences at Aley Creek Niobium Property, BC

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/13/14 -- Oxford Resources Inc. (TSX VENTURE:OXI) ("Oxford" or the "Company") is pleased to announce it has retained APEX Geoscience Ltd. ("APEX") to conduct a detailed assessment of their 100% owned Aley Creek Niobium Property that is contiguous and virtually surrounding Taseko Mines Ltd. Aley Niobium Project - currently believed to be the largest undeveloped Niobium deposit in the world. Oxford's Aley Creek Niobium property host's similar geological characteristics to Taseko's neighboring niobium deposit and contains multiple anomalies identified through government airborne surveys and ground based geochemical surveys. A work program to test these high priority anomalies will be established following the detailed assessment now underway.

Mitchell Adam, President of Oxford Resources Inc. states, "We are excited to begin uncovering the vast potential of our Aley Creek Niobium property surrounding such a large and advanced niobium deposit. The combination of the correct underlying geology, multiple identified anomalies and strategic location make our Aley Creek property highly prospective for Niobium. With over $25,000,000.00 in testing and infrastructure already spent by Taseko in close proximity and Niobium prices growing at 5-7% annually with only 3 producers worldwide we feel our Aley Creek property could be the key to Oxfords future success."

Oxford's Aley Creek Niobium Map: www.oxfordres.com/s/aley_niobium.asp

In March 2012, Taseko reported a NI 43-101 compliant Resource Estimate for their Aley Niobium Project. Using a 0.2% Nb2O5 cut-off, the Measured and Indicated Resource totals 286 million tonnes, grading 0.37% Nb2O5, plus an Inferred Resource of 144 million tonnes grading 0.32% Nb2O5. The combined Measured and Indicated Resource contains 739 million kilograms of Niobium. An additional 323 million kilograms of Niobium are contained in the Inferred Resource. (http://www.tasekomines.com/aley/ID539906)

About the Aley Creek Niobium Property

Oxford's Aley Creek property is comprised of eight mineral claims in two separate blocks (North and South) totaling over 3,360 hectares within the Omineca Mining Division, approximately 140 kilometres (km) north of Mackenzie, British Columbia, Canada.

The Aley Carbonatite, which hosts Taseko's Aley Niobium Deposit, is associated with a prominent regional airborne magnetic high anomaly within rocks of the Ordovician Kechika Formation. Rock and soil samples collected by APEX during 2013 encountered anomalous niobium values in Kechika Formation rocks on the Aley Creek North claim block indicating the potential for rare earth element (REE) bearing lamprophyre and carbonatite occurrences within the Property.

Within the Aley Creek South claim block, 6.5 km south of Taseko's Aley Niobium Deposit, a distinct 2 x 2 km magnetic anomaly occurs. Based on similarities between the Aley Creek South anomaly and the magnetic signature of the Aley Niobium Deposit there is the potential for the existence of an undiscovered carbonatite intrusion within Oxford's claims. Currently no carbonatite occurrences are known on the Aley Creek South claim block and no known surface geological work or diamond drilling has occurred within the claims.

APEX is currently in the process of planning a follow-up program including but not limited to: a detailed ground magnetic survey to better define the geometry of the airborne anomaly, as well as follow-up rock and soil sampling, and geological mapping to identify the presence of carbonatite dykes or fenitized host rock suggestive of a proximal carbonatite intrusion. Contingent on the results of the planned Phase 1 exploration, diamond drill testing of the Aley Creek South magnetic anomaly may be warranted.

Qualified Person Statement

Kristopher J. Raffle, B.Sc., P.Geo, Principal; and Consultant of APEX Geoscience Ltd. is the "Qualified Person" as defined by National Instrument 43-101. Mr. Raffle has reviewed the technical content of this news release as it relates to the Aley Creek Niobium Property.

About APEX Geoscience Ltd.

APEX Geoscience Ltd. is an international consultancy with over 40 geological staff based out of offices in Canada, Australia and Peru. APEX provides worldwide exploration services, including but not limited to: exploration project management (grassroots to feasibility); NI 43-101 compliant reports and resource estimates; structural geology and geophysical analysis; data interpretation and 3D modelling; historic data / GIS compilations and target generation; and independent property evaluations.

About Oxford Resources Inc.

Oxford Resources Inc. is a Tier 2 natural resource company, listed on the TSX Venture Exchange, trading under the symbol OXI. The Company currently holds a 100% interest in the Aley Creek Niobium Property, located northeastern British Columbia, which encircles the Taseko Aley Carbonatitite deposit, which is known to be one of the world's largest undeveloped resources of Niobium. The Company also owns an interest in the Chilcotin Belle property (formerly, the Tasco Claims) located in British Columbia. The property was recently optioned to Amarc Resources Ltd., as disclosed in the Company's news release dated December 13, 2013.

ON BEHALF OF THE BOARD OF DIRECTORS

OXFORD RESOURCES INC.

Mitchell Adam, President & Director

Forward-Looking Statement

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Oxford Resources Inc. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...