Rachel Salamon · @Hot_OTC_Network
8th Feb 2013 from Twitlonger
Brookfield Resources, Inc. (BFLD) is a technology and resource company focused on developing properties with the potential for finding rare earth elements.
Rare earth elements are experiencing rapidly increasing demand for use in green technologies from consumer electronics to electric and hybrid vehicles to power storage for alternative energy sources such as wind and solar.
In addition to its resource and mining potential, Brookfield also has a "revolutionary system" for the extraction of rare earth metals from ore, according to the company's Web site.
Importance of Airborne Geophysical Data
On Thursday, after the closing bell, BFLD announced their planned work program on their claims in the Cobequid Highlands, Nova Scotia. Brookfield's first and second phase work program would include an airborne geophysical survey that would be combined with geological mapping. "This data collection will give us an accurate mineral potential evaluation of our site," explained Mr. Matteo Sacco; President and CEO.
Mr. Sacco further added that Brookfield is actively planning an expeditious schedule on its exploration permit for the Lily Ponds claims and with the airborne geophysical survey; BFLD expects this to generate additional drill targets. This will confirm, refine or rule out previous drill targets by detecting anomalies that are consistent with lands that are rich in rare earth metals.
Why rare earth elements?
A first wave, starting in early 2010 when China began rationing its export of rare earth elements led to the emergence of junior minors in the industry, BFLD's Web site states.
What makes rare earth elements so important?
Without rare earth metals, we can't have a digitally driven, cleantech-powered economy, according to BFLD's Web site.
Up until recently, that has put the world at the mercy of China, which is responsible for 97% of global output of these 17 minerals, found in lithium-ion batteries, laser pointers, electric car motors, solar panels, wind turbines, and more.
"Then there are baseball bats, microwave liners, our fancy home batteries, nuclear batteries, computer and smart phone screens and a host of other applications that make rare earths so important in our regular and not so regular lives, whether we know about them or not," BFLD's Web site states.
BFLD is focused on mining exploration opportunities in Nova Scotia Canada specifically for the exploration of rare earth elements.
BFLD's mining claims in Nova Scotia
In mid-January, BFLD announced that it commenced preparation and exploration on its claims in the Cobequid Highlands, in Nova Scotia.
According to a Jan. 17 press release, the Nova Scotia Department of Natural Resources (NSDNR) commenced a renewed research program in the Cobequid Highlands as a follow up to a late 1980's stream sediment sampling program.
Recent work has been processing and the NSDNR has announced two major mineralization discoveries: Rare Earth Elements in 2010 and Gold (Au) in October 2011.
The planned initial work program during the first and second phase would include an airborne geophysical survey, rock sampling combined with geological mapping, a full detailed stream sediment sampling program, with a follow-up soil/till sampling and a ground geophysical suite.
The goal would be to identify target areas that would be the phase three focus and would include trenching in preparation for phase four: diamond drilling, according to a Jan. 17 press release.
Development plans are underway
Also last month, BFLD announced the engagement of GeoFind, Inc. as its field team for its Nova Scotia property at Bear Lake.
GeoFind is an exploration and mining consulting firm based in Halifax, Nova Scotia, Canada, and has "become a leader in exploration in the specific area of Cobequid Highlands, Nova Scotia," which is where BFLD's Bear Lake property is located, a Jan. 29 press release stated.
"We are looking forward to this opportunity and as we all are discovering this area has immense potential, in the rare earth sector," said GeoFind's president Robert Krienke in the Jan. 29 press release.
BFLD is looking ahead, as well.
"Our expectations are to have the airborne surveys completed before the spring, to give us some indication of where efforts for the summer exploration and sampling will be focused," said BFLD's CEO, Matteo Sacco, in the Jan. 29 press release.
Could 2013 be a breakout year for BFLD?
To learn more about the company's projects and potential, visit: http://brookfieldresources.com/