Click here to close now.

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
"We have seen the evolution of WebRTC right from the starting point to what it has become today, that people are using in real applications," noted Dr. Natasha Tamaskar, Vice President and Head of Cloud and Mobile Strategy and Ecosystem at GENBAND, in this SYS-CON.tv interview at WebRTC Summit, held June 9-11, 2015, at the Javits Center in New York City.
Enterprises are turning to the hybrid cloud to drive greater scalability and cost-effectiveness. But enterprises should beware as the definition of “policy” varies wildly. Some say it’s the ability to control the resources apps’ use or where the apps run. Others view policy as governing the permissions and delivering security. Policy is all of that and more. In his session at 16th Cloud Expo, Derek Collison, founder and CEO of Apcera, explained what policy is, he showed how policy should be arch...
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"CenturyLink brings a full suite of services to the table and that enables us to be an IT service provider," explained Jeff Katzen, Director of the Cloud Practice at CenturyLink, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
17th Cloud Expo, taking place Nov 3-5, 2015, 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. Meanwhile, 94% of enterprises ar...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.