Rare Earth Metals Reports Preliminary Results on Mineralogy Study from Lavergne-Springer Project
July 06 2011 - 8:30AM
Marketwired
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company")
(TSX VENTURE: RA)(OTCQX: RAREF)(PINK SHEETS: RAREF) is pleased to
report that preliminary results have been received for a mineralogy
study on prospect samples from the Lavergne-Springer Project. The
Lavergne property is located in Springer Township, located
immediately north of the Town of Sturgeon Falls and 80 km east of
Sudbury, Ontario. Selective grab samples from the East and West
Lavergne REE Zones (see previous press release dated June 28, 2011)
were forwarded to Dr. Roger Mitchell at Lakehead University in
Thunder Bay, Ontario for identification of the major REE bearing
minerals. A summary of Dr. Mitchell's findings are as follows:
The REE mineralization is essentially synchysite, a
REE-fluoro-carbonate mineral, typically prismatic, and fine to
coarse grain up to 300 microns in size. The synchysite contains
(wt.%) approximately 16.9 CaO, 13.9 La2O3; 24.3 Ce2O3; 2.2 Pr2O3;
7.4 Nd2O3 - hence light REE enriched. Synchysite distribution is
very heterogeneous and is associated mainly, but not entirely, with
fluorite, barite and Fe-oxide/hydroxides; liberation of this
assemblage appears not to be problematic.
The Company is also pleased to announce that a zone of
approximately 250 meters width of carbonatite and heavily
carbonatized, hematized, and brecciated granitoid rock with pyrite
and fluorite mineralization has been intersected in its initial
hole of a 1200 meter drill program. DDH SL-11-01 was collared near
the site of the previous drill hole 69-1 drilled in 1969 by
Geophysical Engineering and Surveys Ltd. of North Bay, Ontario
which tested the West Lavergne REE Zone. Results reported from
Geophysical Engineering hole 69-1 included 1.22% REO over 63.3
meters. Results of drill core samples from this current hole are
expected by the end of July. Photographs of the top part of the DDH
SL-11-01 can be viewed on the Company's website at
www.rareearthmetals.ca.
Wayne Reid, PGeo, is a qualified person as defined in National
Instrument 43-101, and has reviewed and approved the technical
information forming the basis for release.
About Rare Earth Metals Inc.
Rare Earth Metals is a well funded company with a focus on
exploring for Rare Earth Element deposits. The Company's shares are
listed on the TSX-V exchange under the symbol RA and the OTCQX
exchange under the symbol RAREF. The Company presently has two
advanced projects in Ontario and Newfoundland and Labrador, both
exhibiting multi element potential (REEs, Niobium, Beryllium,
Zirconium and Iron Ore) and proximity to available infrastructure.
Its flagship properties are the Clay-Howells Prospect and the Red
Wine Project. The Company has recently acquired additional
properties in the Coldwell Complex near Marathon, Ontario and the
Lavergne-Springer REE Prospect near Sturgeon Falls, Ontario.
Additional information concerning the Company is contained in
documents filed by the Company with securities regulators,
available under the Company's profile at www.sedar.com. For more
information please visit the Rare Earth Metals web site at
www.rareearthmetals.ca.
ON BEHALF OF THE BOARD OF DIRECTORS OF RARE EARTH METALS
INC.:
Michael Stares, President and CEO
This release includes certain statements that may be deemed
forward-looking statements. All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and those actual results or developments may
differ materially from those projected in the forward-looking
statements. For more information on the Company, Investors should
review the Company's filings that are available at
www.sedar.com.
Company information distributed through the Market Access
Program is based upon information that Standard & Poor's
considers to be reliable, but neither Standard & Poor's nor its
affiliates warrant its completeness or accuracy, and it should not
be relied upon as such. This material is not intended as an offer
or solicitation for the purchase or sale of any security or other
financial instrument.
"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."
Contacts: Rare Earth Metals Inc. Michael Stares President and
CEO (807) 623-6840 (807) 623-9526 (FAX) www.RareEarthMetals.ca
Consultant: Nick Vermeulen (807) 623-6840 or Cell: (604) 741-4150
(807) 623-9526 (FAX) nick@rareearthmetals.ca Standard and Poor's
Customer Contact: Richard Albanese (212) 438-3647
richard_albanese@standardandpoors.com Standard and Poor's Media
Relations Contact: Michael Privitera (212) 438-6679
michael_privitera@standardandpoors.com
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