Rare Earth Metals Provides Update on Drilling from Lavergne-Springer Project
08 2월 2012 - 10:30PM
Marketwired
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company")
(TSX VENTURE:RA)(OTCQX:RAREF)(PINKSHEETS:RAREF) is pleased to give
an update on its Lavergne-Springer Project in northwestern Ontario,
located 70 km east of Sudbury. Forage Perfection Inc. of Notre-Dame
du Nord, QC was contracted to complete a minimum of 2500 meters of
drilling which started in mid-January.
Approximately 1600 meters within 6 holes have been completed to
date with over 650 core samples submitted for geochemical analyses.
Results have yet to be received but will be released as they become
available. A minimum of 3 additional holes are planned to further
test the Lavergne-Springer REE Mineralized Zone. The objective of
the program is to move the project forward to a 43-101 compliant
resource.
A total of seven holes were completed in the summer of 2011 to
test the Lavergne-Springer REE Mineralized Zone over a strike
length of 300 meters and produced drill widths varying from 79
meters to 360 meters with higher grade intersections up to 1.65%
TREO over 90.2 meters in the most northerly hole (see previous
press release dated Sept 15, 2011).
Reg Felix, P Geo., 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 web site 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
Corporate Communications: Rare Earth Metals Inc. Matt Witiluk, C.A.
(807) 623-6840 (807) 623-9526 (FAX)matt@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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Canada Rare Earth (PK) (USOTC:RAREF)
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