Technology Minerals has acquired a 15% working interest in the Oacoma Project, South Dakota, USA and an option to acquire up to a further 85% working interest on the terms of an exploration agreement that are to be agreed with North American Strategic Minerals Inc. who own mineral leases over 3,083 acres in South Dakota, United States. This property is considered prospective for manganese and rare earth elements, as well as nickel, cobalt, copper.
The project is considered to be prospective for manganese, cobalt, nickel, copper, precious metals and rare earth metal. Two field visits have taken place and assays from the last visit are pending.
The Oacoma project is a multi commodity exploration project dominated by manganiferous units with elevated rare earth elements and base metals. The area is quite barren due to the elevated manganese content (20 – 25% Mn) in the soils.