Rare Earth Metals Extends the Lavergne-Springer REE Zone With 160 Meter Step Out Hole Intersecting 1.51% TREO Over 124.7 Mete...
September 15 2011 - 8:30AM
Marketwired
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company")
(TSX VENTURE: RA)(PINK SHEETS: RAREF)(OTCQX: RAREF) is pleased to
report preliminary diamond drill sample results from the third
drill hole on the West Lavergne REE Mineralized Zone at the
Lavergne-Springer property. The property is located 8 km north of
the Trans-Canada Highway, in Springer Township, immediately north
of the Town of Sturgeon Falls and 80 km east of Sudbury, Ontario.
The results from DDH SL-11-03 include a best intersection of 1.51%
TREO over 124.7 meters within a larger zone of mineralization which
assayed 1.43% TREO over 157.5 meters. Included in the 124.7 meter
intersection are higher grade zones of mineralization with values
of 1.65% TREO over 90.2 meters and 2.00% over 10.5 meters. The
HREO/TREO ratio from the 157.7 meter zone is 3.1%. The REE
mineralization is enriched with Cerium, Lanthanum and Neodymium.
Of particular note in this zone is the unusually low
radioactivity associated with the host REE mineralization. (Thorium
ranges from 12 ppm to 320 ppm averaging 57 ppm and Uranium is less
than 30 ppm uranium). In addition to the main zone intersected
between 101.4 meters to 258.9 meters, there are additional
intercepts of mineralization above and below and these are included
in the Results Table below. Additional sampling is being completed
to establish whether these "outside" intervals of mineralization
constitute multiple zones separate from the main mineralized trend
or are a part of a thicker main zone.
DDH SL-11-03 was collared 160 meters north of DDH SL-11-01 and
02, at a dip of -45 degrees to test the northerly extension of the
mineralization. Results from these two earlier holes, reported in
previous press releases dated August 15 and August 31, 2011
included a zone of 1.50% TREO over 94.2 meters within a larger zone
of mineralization which assayed 0.94% TREO over 359.8 meters in
hole SL-11-01 and 1.24% TREO over 135.2 meters within a larger zone
of mineralization which assayed 0.97% TREO over 301.6 meters in
hole SL-11-02. This latest hole is the most northerly hole to date
and shows that the West Lavergne Zone maintains its widths and
grades of REE in this direction. The zone remains completely open
on strike and at depth. Additional drill testing is planned during
the winter, 2012 when freezing conditions will allow easier
access.
A total of seven holes were completed in this first phase of
drilling on the Springer property and additional results will be
released as they are received. A location map of the drill holes
can be viewed on the Company's website at www.rareearthmetals.ca. A
breakdown of these latest results is tabulated below:
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Hole HREO(i) Nd2O3
Drill Depth From To Interval TREO(i) TREO(i) Ce2O3 La2O3 Nd2O3 TREO
Hole (m) (m) (m) (m) % (%) (%) (%) (%) (%)
----------------------------------------------------------------------------
SL-03 419.3 48.4 51.4 3 3.08 2.6 1.48 0.91 0.42 13.8
----------------------------------------------------------------------------
78 81.0 3 1.26 1.8 0.61 0.39 0.16 13.1
----------------------------------------------------------------------------
86.6 95.6 9 1.22 2.0 0.60 0.37 0.16 13.4
----------------------------------------------------------------------------
101.4 258.9 157.5 1.43 3.1 0.67 0.41 0.21 14.4
----------------------------------------------------------------------------
incl
101.4 226.1 124.7 1.51 3.0 0.71 0.44 0.22 14.4
----------------------------------------------------------------------------
incl
102.9 113.4 10.5 2.00 2.8 0.96 0.58 0.29 14.3
----------------------------------------------------------------------------
and
135.9 226.1 90.2 1.65 3.0 0.78 0.48 0.24 14.3
----------------------------------------------------------------------------
282.9 330.5 47.6 0.85 4.2 0.39 0.24 0.13 15.0
----------------------------------------------------------------------------
incl
315.4 323.5 8.1 1.33 3.6 0.63 0.38 0.19 14.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
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Core from the drill program was logged at Rare Earth Metals'
core shack on site and split in half using a hydraulic core
splitter. One half of the core was sent to Activation Laboratories
Ltd. ("Actlabs") for analysis and the other half was kept in core
boxes at the camp for reference. All samples were delivered by
Company personnel to Manitoulin Transport and shipped to Actlabs'
sample preparation facility in Thunder Bay, Ontario. Prepared
samples were forwarded to Actlabs' analytical facility in Ancaster,
Ontario for analysis. The digestion technique utilized was total
digestion that employs a lithium metaborate/tetraborate fusion and
the analysis is completed using ICP, ICP/MS and XRF techniques. For
QA/QC purposes Rare Earth Metals systematically inserts standards
and blanks into every sample batch. Actlabs is an ISO 17025 (Lab
266) and NELAP (Lab E87979) accredited lab for specific registered
tests.
The Rare Earth Element assays are reported as Total Rare Earth
Oxides (TREO). The TREO includes all the Rare Earth Oxides plus
Yttrium Oxide. As per industry standard the TREO are broken down
into Light Rare Earth Oxides (LREO) and Heavy Rare Earth Oxides
(HREO). The LREO consists of Ce2O3, La2O3, Nd2O3, Pr2O3 and Sm2O3
and the HREO consists of Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3,
Tm2O3, Yb2O3, Lu2O3 and Y2O3. The %HREO is calculated by dividing
the HREO by the TREO. The most abundant REEs from the drill-hole
composites described above are in decreasing order: Cerium,
Lanthanum and Neodymium. A breakdown of the most abundant REE's
from the drill holes can be found 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 website 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 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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