- Published: 15 September 2011
- Written by Editor
Rare Earth Metals Extends the Lavergne-Springer REE Zone With 160 Meter Step Out Hole Intersecting 1.51% TREO Over 124.7 Meters
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) % (%) (%) (%) (%) (%)
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SL-03 419.3 48.4 51.4 3 3.08 2.6 1.48 0.91 0.42 13.8
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78 81.0 3 1.26 1.8 0.61 0.39 0.16 13.1
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86.6 95.6 9 1.22 2.0 0.60 0.37 0.16 13.4
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101.4 258.9 157.5 1.43 3.1 0.67 0.41 0.21 14.4
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incl
101.4 226.1 124.7 1.51 3.0 0.71 0.44 0.22 14.4
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incl
102.9 113.4 10.5 2.00 2.8 0.96 0.58 0.29 14.3
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and
135.9 226.1 90.2 1.65 3.0 0.78 0.48 0.24 14.3
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282.9 330.5 47.6 0.85 4.2 0.39 0.24 0.13 15.0
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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)
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(212) 438-3647
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