Rare Earth Metals Reports Preliminary Results On Mineralogy Study From Lavergne- Springer Project
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 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 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
Standard and Poor’s Media Relations Contact:
Michael Privitera
(212) 438-6679
Email: michael_privitera@standardandpoors.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.