Rare Earth Metals Provides Update On Drilling From Lavergne-Springer Project, Near Sudbury, ON
Thunder Bay, ON – Rare Earth Metals Inc. (“Rare Earth Metals”, “RA” or the “Company”) (TSX-V: RA; OTCQX: RAREF, PINK SHEETS: RAREF) is pleased to report diamond drill sample results from the second 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-11-02 include 1.24% TREO over 135.2 meters within a larger zone of mineralization which assayed 0.97% TREO over 301.6 meters. Included in the 135.2 meter intersection is a higher grade zone of mineralization with values of 1.57% TREO over 40.7 meters. The HREO/TREO ratio from the 40.7 meter zone is 5.4%, from the 135.2 meter intersection is 8.1%, and the 301.6 meter composite is 7.0%.
DDH SL-11-02 was collared on the same setup as DDH SL-11-01 at a dip of -60 degrees to undercut and test the down dip extension of the mineralization previously intersected in DDH SL-11-01. As reported in a previous press release dated August 15, 2011, DDH SL-11-01 intersected 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. The results from the initial two holes indicate that the West Lavergne REE Mineralized Zone has a thickness of approximately 250 meters, extends down dip and contains a central higher grade zone with an approximate thickness of 80 meters outlined by a grade of 1.5% TREO. Preliminary mineralogy carried out on the Lavergne mineralization indicates the Rare Earths are contained primarily in the carbonate mineral synchysite; metallurgical test work has been initiated on drill core samples to get a better understanding of the mineral and potential concentrate characteristics. The REE mineralization is enriched with Cerium, Lanthanum, Neodymium and Yttrium.
A total of 7 holes have now been completed 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:
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
“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.”
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rare Earth Metals Inc.
Michael Stares
President and CEO
Phone: (807) 623-6840
Fax: (807) 623-9526
www.RareEarthMetals.ca
Consultant:
Nick Vermeulen
Phone: (807) 623-6840
Cell: (604) 741-4150
Fax: (807) 623-9526
Email: nick@rareearthmetals.ca
Standard and Poor’s Customer Contact:
Richard Albanese
(212) 438-3647
Email: richard_albanese@standardandpoors.com
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