Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company")
(TSX VENTURE: RA)(OTCQX: RAREF)(PINK SHEETS: RAREF) is pleased to
report preliminary Rare Earth Element/Niobium/Beryllium results
from the first drill hole in 2011 on the Two Tom Mineralized Zone
at the Red Wine property located approximately 110 kilometers
northeast of Churchill Falls in west central Labrador. The results
include a best intersection of 2.05% TREO, 0.22% Nb2O3, 0.23% BeO
over 96.2 meters within a larger zone of mineralization which
assayed 1.52% TREO, 0.17% Nb2O5 and 0.18% BeO over 148.3 meters in
drill hole DDH-TT-12. The HREO/TREO ratio from the 148.3 meter
intersection is 5.3% and the 96.2 meter composite is 4.6%. DDH
TT-12 was drilled 50 meters behind TT-10 which returned results of
1.45% TREO, 0.14% Nb2O5 and 0.14% BeO over 83.25 meters within a
larger zone of mineralization which assayed 1.03% TREO, 0.10% Nb2O5
and 0.11% BeO over 168.5 meters. (See previous press release dated
Dec 6, 2010.)
As previously reported in a press release dated June 28, 2011, a
portion of the 2011 drilling will focus on infill and expansion
drill testing of the Two Tom deposit where a resource calculation
is anticipated to be completed in late 2011. The northwest striking
Two Tom Zone has been traced to date by prospecting, trenching, and
drilling for a minimum of 1.3 kilometers and is located at the
eastern end of the Red Wine Peralkaline Complex. A total of 11
holes were completed in 2010, and the main section of the Two Tom
mineralization has been defined as a lens averaging 75 - 80 meters
in thickness and completely open in all directions. A total of 6
diamond drill holes totalling 1972 meters have been completed so
far in 2011 on the Two Tom mineralized zone and all holes
intersected the REE/Nb/Be zone over substantial widths (drill
thicknesses between 50 meters and 131 meters). Twelve infill drill
holes are scheduled to be completed to test the mineralized zone on
100 meter sections and further expansion drilling is planned to
continue testing the mineralization along strike. Results from the
drill samples will be released as they are received. A map of the
Two Tom drill-hole locations can be found on the company's website
at www.RareEarthMetals.ca. Significant results from the latest
drill hole are tabulated below:
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Drill Hole
Hole Depth(m) From(m) To(m) Interval(m) TREO(i)(%)
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TT-12 261 41.2 189.5 148.3 1.52
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Inc 41.2 137.4 96.2 2.05
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Drill HREO(i) HREO TREO
Hole TREO(i)(%) Y2O3(%) (Excluding Y)(%) Nb2O5(%) BeO(%)
----------------------------------------------------------------------------
TT-12 5.3 0.04 2.7 0.17 0.18
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4.6 0.045 2.5 0.22 0.23
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(i)TREO (Total Rare Earth Oxide) includes the sum total of the Light Rare
Earth Oxides (LREO) and Heavy Rare Earth Oxides (HREO)
(i)HREO includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3,Er2O3, Tm2O3, Yb2O3,
Lu2O3 and Y2O3
LREO includes: La2O3, Ce2O3, Pr2O3, Nd2O3 and Sm2O3
The Company has been carrying out field work on the Red Wine
Belt since June, 2010, and the 2011 drilling is being targeted on
two mineralized zones - the Two Tom and the Dory Pond. Drill
testing of the Dory Pond Zone is now underway, where previous
reported prospect samples ranged up to 6.72% TREO (see press
release dated Oct 19, 2010) with very significant Heavy Rare Earth
content that varied from 2.5% to 64% HREO. Field work including
prospecting, geological mapping and geochemical sampling of
numerous other targets is being carried out in conjunction with the
drilling.
"We are quite pleased with the first drill hole of the 2011
drilling program, said Michael Stares, President of Rare Earth
Metals. "Not only does it confirm the continuity of the Two Tom
Mineralized Zone, it also demonstrates the potential for higher
grade zoning within the prospect. This is the highest grade
intersection to date in the drilling. We will continue the infill
drilling on the Two Tom prospect to bring forward a resource on the
prospect as previously reported by the first quarter of 2012. Also
a compilation of the 2010 geochemical sampling data and the 2011
geological mapping data has been completed with numerous targets
outlined on the Dory Pond (HREE) Prospect. A drilling program will
commence immediately on these targets with results available in
three to four weeks."
Core from the drill program was transported by helicopter from
the drill site, logged at Rare Earth Metals' camp and split in half
using a diamond table saw or a manual 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
Actlabs' sample preparation facility in Happy Valley-Goose Bay. The
samples were processed and representative pulps sent to Actlabs'
analytical facility in Ancaster, Ontario. The digestion technique
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, duplicates 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 Niobium assays are given as Niobium Oxide
(Nb2O5), and the Beryllium assays are given as Beryllium Oxide
(BeO). 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.
Paul Nielsen, 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 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
Consultant: Nick Vermeulen (807) 623-6840 Cell: (604) 741-4150
(807) 623-9526 (FAX) nick@rareearthmetals.ca Standard and Poor's
Customer Contact: Richard Albanese (212) 438-3647
richard_albanese@standardandpoors.com Standard and Poor's Media
Relations Contact: Michael Privitera (212) 438-6679
michael_privitera@standardandpoors.com
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