Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company")
(TSX VENTURE:RA)(PINKSHEETS:RAREF)(OTCQX:RAREF) is pleased to
announce the first NI 43-101 compliant independent resource
estimate for the Two Tom REE - Niobium - Beryllium Deposit at the
Red Wine property, located approximately 110 kilometres northeast
of Churchill Falls in west central Labrador. The resource estimate
was prepared by Tetra Tech Wardrop (Tetra Tech) of Toronto, Ontario
who recommends that additional drilling be conducted to further
investigate and develop the known Two Tom deposit and determine
continuity of the mineralized syenite and REE-Nb-Be grades. RA is
earning a 100% interest in the Two Tom property which is subject to
two option agreements. The northwest half of the zone is optioned
from Zimtu Capital Corp. and the southeast half is optioned from
Roland and Eddie Quinlan.
Highlights:
-- 40.635 million tonnes grading at 1.18% total rare earth oxide (TREO),
0.26% Niobium Oxide (Nb205) and 0.18% Beryllium oxide (BeO) at a 0.60%
TREO cut-off grade in the inferred category
-- Neodymium content is 15.9% of the TREO
-- Calculation is based on over 5,140 m of drilling in 22 holes, and 4
trenches (44.2m), and 2,647 assay samples covering approximately 1,200
metres of strike length to an average depth 200 meters
-- Resource areas open along multiple directions and to depth
-- Additional drilling recommended for next phase of drilling
The Company presently has three advanced projects in Ontario and
Newfoundland and Labrador, exhibiting multi element potential
(REEs, Niobium, Beryllium, Zirconium and Iron Ore), and highly
favourable mineralogy for extractive metallurgical processing. 2011
has been a busy year for Rare Earth Metals with the completion of a
very successful drilling campaign (1.65% TREO over 90.2 metres and
1.51%TREO OVER 124 metres with the Neodymium percentage of these
particular drill holes at about 14% of the TREO - see previous
press release dated Sept 15, 2011) on its highly prospective
Springer - Lavergne prospect in the Sudbury Mining District of
Ontario, and the discovery of heavy rare earths (1.55% TREO with
HREO/TREO of 42.1% over 21.0 metres within a wider intersection of
1.11% TREO with HREO/TREO of 41% over 42.9 metres - see previous
press release dated Sept 6, 2011) on the Dory Pond prospect in the
new emerging Red Wine rare earth mineral belt of Labrador. On its
Clay Howells property a new resource estimate for its Clay Howells
deposit (8.5 Million Tonnes Averaging 0.73% TREO with 44.15% Fe2O3
- see previous press release dated Sept 27, 2011) was released.
Commented Mr. Michael Stares, President and CEO, "We are
extremely pleased with the results of Tetra Tech's evaluation which
gives us an excellent base to work from at the Red Wine Project. We
will continue to work with Tetra Tech and develop a drill program
to enhance the tonnage and grade of the deposit and to initiate
metallurgical work on the zone."
Mineral resources were modeled by Tetra Tech and reported at
eight different Total Rare Earth Oxide (TREO) cut-off grades, with
a base-case resource estimated using a TREO cut-off of 0.60%. At
this cut-off, Two Tom hosts an Inferred Mineral Resource of 40.6
million tonnes grading 1.18% TREO, .26% Nb205 and 0.18% BeO, with
6.0% of the TREO being the HREO (heavy rare earth oxides).
Resource Estimate Summary for the Two Tom Deposit
----------------------------------------------------------------------------
HREO:
TREO% Volume Density Tonnage NB2O5 BEO LREO HREO TREO TREO
----------------------------------------------------------------------------
M(ii)3 T per T
Cut-off (x000) M(ii)3 (x000t) Grade Grade Grade Grade Grade
----------------------------------------------------------------------------
1.40% 4,493 2.91 13,060 0.26 0.22 1.556 0.095 1.651 6%
---------------------------------------------------------------------
1.20% 6,327 2.90 18,321 0.26 0.21 1.459 0.091 1.551 6%
---------------------------------------------------------------------
1.00% 8,531 2.88 24,568 0.27 0.21 1.348 0.086 1.434 6%
---------------------------------------------------------------------
TWO TOM 0.90% 9,859 2.87 28,306 0.28 0.20 1.287 0.083 1.370 6%
---------------------------------------------------------------------
0.80% 11,356 2.86 32,494 0.27 0.20 1.223 0.080 1.303 6%
---------------------------------------------------------------------
0.70% 12,818 2.85 36,564 0.27 0.19 1.164 0.078 1.241 6%
---------------------------------------------------------------------
0.60% 14,285 2.84 40,635 0.26 0.18 1.107 0.075 1.182 6%
---------------------------------------------------------------------
0.50% 15,607 2.84 44,300 0.26 0.18 1.058 0.072 1.130 6%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% Volume Density Tonnage NB2O5 BEO
----------------------------------------------------------------------------
M(ii)3 T
Cut-off (x000) (x000) (x000t) Grade Grade
----------------------------------------------------------------------------
1.40% 4,493 2.91 13,060 0.26 0.22
---------------------------------------------------------------------
1.20% 6,327 2.90 18,321 0.26 0.21
---------------------------------------------------------------------
1.00% 8,531 2.88 24,568 0.27 0.21
---------------------------------------------------------------------
TWO TOM 0.90% 9,859 2.87 28,306 0.28 0.20
---------------------------------------------------------------------
0.80% 11,356 2.86 32,494 0.27 0.20
---------------------------------------------------------------------
0.70% 12,818 2.85 36,564 0.27 0.19
---------------------------------------------------------------------
0.60% 14,285 2.84 40,635 0.26 0.18
---------------------------------------------------------------------
0.50% 15,607 2.84 44,300 0.26 0.18
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% LA2O3 CE2O3 PR2O3 ND2O3_C SM2O3 EU2O3 GD2O3
----------------------------------------------------------------------------
Cut-off Grade Grade Grade Grade Grade Grade Grade
----------------------------------------------------------------------------
1.40% 0.419 0.765 0.078 0.254 0.040 0.004 0.025
---------------------------------------------------------------------
1.20% 0.392 0.717 0.073 0.240 0.039 0.004 0.023
---------------------------------------------------------------------
1.00% 0.358 0.662 0.068 0.224 0.037 0.003 0.022
---------------------------------------------------------------------
TWO TOM 0.90% 0.340 0.632 0.065 0.215 0.036 0.003 0.022
---------------------------------------------------------------------
0.80% 0.321 0.600 0.062 0.205 0.034 0.003 0.021
---------------------------------------------------------------------
0.70% 0.304 0.572 0.059 0.196 0.033 0.003 0.020
---------------------------------------------------------------------
0.60% 0.288 0.544 0.056 0.188 0.032 0.003 0.019
---------------------------------------------------------------------
0.50% 0.274 0.519 0.054 0.180 0.031 0.003 0.019
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% TB2O3 DY2O3 HO2O3 ER2O3 TM2O3 YB2O3
----------------------------------------------------------------------------
Cut-off Grade Grade Grade Grade Grade Grade
----------------------------------------------------------------------------
1.40% 0.003 0.010 0.001 0.003 0.000 0.001
---------------------------------------------------------------------
1.20% 0.002 0.010 0.001 0.003 0.000 0.001
---------------------------------------------------------------------
1.00% 0.002 0.009 0.001 0.003 0.000 0.001
---------------------------------------------------------------------
TWO TOM 0.90% 0.002 0.009 0.001 0.002 0.000 0.001
---------------------------------------------------------------------
0.80% 0.002 0.009 0.001 0.002 0.000 0.001
---------------------------------------------------------------------
0.70% 0.002 0.008 0.001 0.002 0.000 0.001
---------------------------------------------------------------------
0.60% 0.002 0.008 0.001 0.002 0.000 0.001
---------------------------------------------------------------------
0.50% 0.002 0.008 0.001 0.002 0.000 0.001
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% LU2O3 Y2O3 LREO HREO TREO
----------------------------------------------------------------------------
Cut-off Grade Grade Grade Grade Grade
----------------------------------------------------------------------------
1.40% 0.000 0.049 1.556 0.095 1.651
---------------------------------------------------------------------
1.20% 0.000 0.046 1.459 0.091 1.551
---------------------------------------------------------------------
1.00% 0.000 0.044 1.348 0.086 1.434
---------------------------------------------------------------------
TWO TOM 0.90% 0.000 0.042 1.287 0.083 1.370
---------------------------------------------------------------------
0.80% 0.000 0.041 1.223 0.080 1.303
---------------------------------------------------------------------
0.70% 0.000 0.039 1.164 0.078 1.241
---------------------------------------------------------------------
0.60% 0.000 0.038 1.107 0.075 1.182
---------------------------------------------------------------------
0.50% 0.000 0.037 1.058 0.072 1.130
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% Volume Density Tonnage NB2O5 BEO
----------------------------------------------------------------------------
T per T
Cut-off M(ii)3(x000) M(ii)3 (x000t) Grade Grade
----------------------------------------------------------------------------
1.40% 2,287 2.91 6,644 0.33 0.25
---------------------------------------------------------------------
1.20% 3,492 2.89 10,097 0.32 0.23
---------------------------------------------------------------------
1.00% 5,140 2.87 14,759 0.34 0.22
---------------------------------------------------------------------
SOUTH 0.90% 6,161 2.86 17,626 0.34 0.22
---------------------------------------------------------------------
0.80% 7,409 2.85 21,108 0.33 0.21
---------------------------------------------------------------------
0.70% 8,544 2.84 24,274 0.32 0.20
---------------------------------------------------------------------
0.60% 9,675 2.83 27,419 0.31 0.19
---------------------------------------------------------------------
0.50% 10,747 2.83 30,399 0.30 0.18
----------------------------------------------------------------------------
---------------------------------------------------------------------
1.40% 2,206 2.91 6,416 0.19 0.20
---------------------------------------------------------------------
1.20% 2,835 2.90 8,225 0.18 0.19
---------------------------------------------------------------------
1.00% 3,391 2.89 9,809 0.18 0.18
---------------------------------------------------------------------
NORTH 0.90% 3,698 2.89 10,680 0.18 0.18
---------------------------------------------------------------------
0.80% 3,947 2.88 11,386 0.17 0.17
---------------------------------------------------------------------
0.70% 4,273 2.88 12,290 0.17 0.17
---------------------------------------------------------------------
0.60% 4,610 2.87 13,217 0.17 0.16
---------------------------------------------------------------------
0.50% 4,860 2.86 13,902 0.17 0.16
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% LA2O3 CE2O3 PR2O3 ND2O3_C SM2O3 EU2O3 GD2O3
----------------------------------------------------------------------------
Cut-off Grade Grade Grade Grade Grade Grade Grade
----------------------------------------------------------------------------
1.40% 0.398 0.749 0.076 0.253 0.042 0.004 0.025
---------------------------------------------------------------------
1.20% 0.370 0.697 0.071 0.237 0.040 0.004 0.024
---------------------------------------------------------------------
1.00% 0.332 0.634 0.065 0.220 0.038 0.003 0.023
---------------------------------------------------------------------
SOUTH 0.90% 0.313 0.602 0.062 0.210 0.036 0.003 0.022
---------------------------------------------------------------------
0.80% 0.293 0.567 0.059 0.199 0.035 0.003 0.021
---------------------------------------------------------------------
0.70% 0.276 0.537 0.056 0.189 0.033 0.003 0.020
---------------------------------------------------------------------
0.60% 0.261 0.509 0.053 0.180 0.032 0.003 0.019
---------------------------------------------------------------------
0.50% 0.247 0.484 0.050 0.172 0.030 0.003 0.019
----------------------------------------------------------------------------
---------------------------------------------------------------------
1.40% 0.441 0.781 0.079 0.255 0.039 0.004 0.024
---------------------------------------------------------------------
1.20% 0.419 0.742 0.075 0.242 0.037 0.003 0.023
---------------------------------------------------------------------
1.00% 0.397 0.703 0.071 0.230 0.036 0.003 0.022
---------------------------------------------------------------------
NORTH 0.90% 0.384 0.681 0.069 0.223 0.035 0.003 0.021
---------------------------------------------------------------------
0.80% 0.373 0.663 0.067 0.218 0.034 0.003 0.021
---------------------------------------------------------------------
0.70% 0.359 0.639 0.065 0.210 0.033 0.003 0.020
---------------------------------------------------------------------
0.60% 0.345 0.615 0.062 0.203 0.032 0.003 0.019
---------------------------------------------------------------------
0.50% 0.334 0.597 0.060 0.197 0.031 0.003 0.019
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% TB2O3 DY2O3 HO2O3 ER2O3 TM2O3
----------------------------------------------------------------------------
Cut-off Grade Grade Grade Grade Grade
----------------------------------------------------------------------------
1.40% 0.003 0.010 0.001 0.003 0.000
---------------------------------------------------------------------
1.20% 0.003 0.010 0.001 0.003 0.000
---------------------------------------------------------------------
1.00% 0.002 0.009 0.001 0.002 0.000
---------------------------------------------------------------------
SOUTH 0.90% 0.002 0.009 0.001 0.002 0.000
---------------------------------------------------------------------
0.80% 0.002 0.008 0.001 0.002 0.000
---------------------------------------------------------------------
0.70% 0.002 0.008 0.001 0.002 0.000
---------------------------------------------------------------------
0.60% 0.002 0.008 0.001 0.002 0.000
---------------------------------------------------------------------
0.50% 0.002 0.007 0.001 0.002 0.000
----------------------------------------------------------------------------
---------------------------------------------------------------------
1.40% 0.002 0.010 0.001 0.003 0.000
---------------------------------------------------------------------
1.20% 0.002 0.010 0.001 0.003 0.000
---------------------------------------------------------------------
1.00% 0.002 0.009 0.001 0.003 0.000
---------------------------------------------------------------------
NORTH 0.90% 0.002 0.009 0.001 0.003 0.000
---------------------------------------------------------------------
0.80% 0.002 0.009 0.001 0.003 0.000
---------------------------------------------------------------------
0.70% 0.002 0.009 0.001 0.003 0.000
---------------------------------------------------------------------
0.60% 0.002 0.009 0.001 0.003 0.000
---------------------------------------------------------------------
0.50% 0.002 0.008 0.001 0.002 0.000
----------------------------------------------------------------------------
Resource Estimate including all REOs for the Two Tom Deposit
----------------------------------------------------------------------------
TREO% YB2O3 LU2O3 Y2O3 LREO HREO TREO
----------------------------------------------------------------------------
Cut-off Grade Grade Grade Grade Grade Grade
----------------------------------------------------------------------------
1.40% 0.001 0.000 0.048 1.518 0.096 1.614
---------------------------------------------------------------------
1.20% 0.001 0.000 0.045 1.414 0.091 1.505
---------------------------------------------------------------------
1.00% 0.001 0.000 0.042 1.289 0.085 1.374
---------------------------------------------------------------------
SOUTH 0.90% 0.001 0.000 0.041 1.223 0.081 1.304
---------------------------------------------------------------------
0.80% 0.001 0.000 0.039 1.151 0.078 1.229
---------------------------------------------------------------------
0.70% 0.001 0.000 0.037 1.092 0.075 1.167
---------------------------------------------------------------------
0.60% 0.001 0.000 0.036 1.035 0.072 1.107
---------------------------------------------------------------------
0.50% 0.001 0.000 0.035 0.983 0.070 1.053
----------------------------------------------------------------------------
---------------------------------------------------------------------
1.40% 0.001 0.000 0.049 1.595 0.095 1.690
---------------------------------------------------------------------
1.20% 0.001 0.000 0.048 1.515 0.092 1.607
---------------------------------------------------------------------
1.00% 0.001 0.000 0.046 1.437 0.088 1.525
---------------------------------------------------------------------
NORTH 0.90% 0.001 0.000 0.045 1.392 0.086 1.478
---------------------------------------------------------------------
0.80% 0.001 0.000 0.044 1.355 0.085 1.439
---------------------------------------------------------------------
0.70% 0.001 0.000 0.043 1.306 0.082 1.388
---------------------------------------------------------------------
0.60% 0.001 0.000 0.042 1.256 0.080 1.336
---------------------------------------------------------------------
0.50% 0.001 0.000 0.041 1.220 0.078 1.298
----------------------------------------------------------------------------
Notes:
-- Light Rare Earth Oxides (LREO) includes: La2O3,Ce2O3, Pr2O3, Nd2O3,
Sm2O3
-- Heavy Rare Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Tb2O3,
Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
-- Total Rare Earth Oxides (TREO) includes: La2O3,Ce2O3, Pr2O3, Nd2O3,
Sm2O3, Eu2O3, Gd2O3, Tb2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3,
Lu2O3, Y2O3
-- The resource estimate has been classified as an Inferred Resource based
on drill hole spacing and sample population
-- The effective date of the Resource Estimate is December 8, 2011
The Resource Estimate is based on:
-- A database of 26 drill holes totalling 5,518.65 m of diamond drilling;
of which 22 drill holes intersect the Two Tom deposit
-- Samples were composited on 3.0 m lengths.
-- Average specific gravity 2.85 g/cc
-- Geological models are constrained by two 0.5% TREO gradeshells.
-- Block model was estimated by Ordinary Kriging interpolation method on
blocks 25m x 25m x 10m. No recoveries have been applied to the
interpolated estimates.
The "qualified person" as such term is defined in NI 43-101, who
prepared the mineral resource estimates disclosed in this press
release, is Mr. Paul Daigle, P.Geo. Mr. Daigle is an employee of
Tetra Tech, and registered with the Association of Professional
Geoscientists of Ontario. Mr. Daigle has reviewed and approved the
sections of this press release relating to the resource
calculation. Reg Felix, P.Geo., is a qualified person as defined in
National Instrument 43-101, and has reviewed and approved the
background information described in this 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) Rare Earth Metals Inc. Nick
Vermeulen Consultant (807) 623-6840 or Cell: (604) 741-4150 (807)
623-9526 (FAX)nick@rareearthmetals.cawww.RareEarthMetals.ca
Standard and Poor's Customer Contact: Richard Albanese (212)
438-3647richard_albanese@standardandpoors.com Standard and Poor's
Media Relations Contact: Michael Privitera (212)
438-6679michael_privitera@standardandpoors.com
Canada Rare Earth (PK) (USOTC:RAREF)
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부터 5월(5) 2024 으로 6월(6) 2024
Canada Rare Earth (PK) (USOTC:RAREF)
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부터 6월(6) 2023 으로 6월(6) 2024
