Rare Earth Metals is a well funded company with a focus on exploring for Rare Earth Element deposits. The company presently has three advanced projects in Ontario and Newfoundland and Labrador, all exhibiting multi element potential (REEs, Niobium, Beryllium and Iron Ore) and proximity to available infrastructure. Its flagship property is the Clay-Howells which is presently the focus of a 10,000 meter drill program. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company's profile at www.sedar.com.
- 18 DIAMOND DRILL HOLES (5432.5 METRES) TESTED THE CARBONATITE - MAGNETITE ZONE
- 2010 DRILL HOLE ASSAY INCLUDE:
- CH-09 : 0.69% TREO / 0.12% Nb2O5 / 47.20% Fe2O3 / 76.6 METRES
- CH-17 : 0.85% TREO / 0.13% Nb2O5 / 37.76% Fe2O3 / 35.0 METRES
- CH-13 : 0.69% TREO / 0.14% Nb2O5 / 57.80% Fe2O3 / 105.3 METRES, INC 1.08% TREO / 0.14% Nb2O5 / 65.95% Fe2O3 / 16.9 METRES
- 100% OWNED PATENTED MINERAL AND SURFACE RIGHTS, ROAD ACCESSIBLE WITH GREAT INFRASTRUCTURE - HIGHWAY, RAILROAD AND PIPELINES WITHIN 40 KILOMETRES
- VERY SIMILAR TO THE BAYAN OBO MINE IN CHINA
- MULTIPLE MAGNETITE ZONES INTERSECTED IN DRILLING THAT INDICATE A STRIKE LENGTH OF OVER 700 METRES AND OPEN IN ALL DIRECTIONS
- NUMEROUS OTHER UNTESTED MAGNETIC ANOMALIES WITHIN THE 110 SQ KM CARBONATITE COMPLEX
2011 WINTER PROGRAM
- CONDUCT REGIONAL GRAVITY SURVEY OVER THE COMPLEX AIMED AT UNTESTED AIRBORNE MAGNETIC ANOMALIES
- DRILL TEST MAGNETIC ANOMALIES
- DRILL TEST MAGNETIC RING LIKE FEATURES WITHIN THE COMPLEX
- INTEGRATE ALL GEOTECHNICAL DATA INTO A 3D MODEL TO ALLOW FOR ADDITIONAL ROBUST EXPLORATION TARGETS
The Clay-Howells Prospect is a massive to semi-massive magnetite deposit with appreciable Rare Earth Elements and Niobium. The deposit consists of multiple bands of mineralization with a minimum strike length of 1.0 km and hosted within a Carbonatite Complex. Previous work in 1958 had partially outlined the iron resource however no analysis was done for REEs or Niobium. The 1958 drilling was the last fieldwork done prior to Rare Earth Metals acquiring the patented claims in 2009.
Since acquisition RA has carried out a regional airborne geophysical survey, drilled the Clay-Howells Prospect (5432 meters in 18 holes) and initiated a prospecting/sampling program on numerous other magnetic targets outside the main prospect. Results from the 2010 drilling include intersections up to 105.3 meters grading 57.83% Fe2O3, 0.694% TREO and 0.14% Nb2O5. Higher grade Rare Earth zones within the magnetite include 2.45% TREO over 4.9 meters. The drilling has tested a 700 meter section of the Deposit which remains open in all directions. The average cumulative drilled widths of the magnetite zone, which appears to be represented as two main lenses, is approximately 67 meters. The amount of Heavy Rare Earths within the Total Rare Earths varies from 5% to 20% with an average of 10%.
Preliminary metallurgical/mineralogical test work results have been recieved from Xstrata Process Support in Sudbury, ON. This work is being carried out on three drill composites selected from the winter drilling program. The purpose of the test work is to better understand the ore hosting minerals and to carry out preliminary magnetic separation work to better evaluate the deposit’s economics. The results to date are from the magnetic separation work only, which involves crushing and pulverizing the sample and putting the fine material through a magnetic separator to produce two fractions, a Non Magnetic fraction and a Magnetic fraction. Preliminary results from this test work indicate that a large majority of the magnetite and rare earth mineralogy is coarse grained and that there is a consistent upgrading of REE grade into the Non Magnetic fraction and a substantial upgrade of the Iron content in the Magnetic fraction. In summary 69.7% of the material reported to the Magnetic fraction and 30.3% reported to the Non Magnetic fraction.
Non Magnetic fraction: Testing of the three samples produced a 46.6% to 65.2% recovery of the Rare Earth Elements to the Non Magnetic fraction. The lower recovery of 46.6% resulted in a Non Magnetic fraction grade of 1.4% TREO with the Heavy REO representing 11.8% of the Total. The highest recovery of 65.2% resulted in a Non Magnetic fraction grade of 3.9% TREO with the Heavy REO representing 7.1% of the Total. A breakdown of the more abundant REO’s in the higher grade Non Magnetic fraction includes 1.79% Ce2O3, 1.08% La2O3, 0.52% Nd2O3 and 0.13% Y2O3. Further upgrading of Rare Earth Elements to the Non Magnetic fraction will require optimization of the grind size as well as testing different settings on the magnetic separator. It is anticipated that, after initial magnetic separation, additional REE concentration of the Non Magnetic fraction could be done with conventional flotation methods if the mineralogy is favourable.
Magnetic fraction: Analysis of the Magnetic fraction showed a recovery of between 86.1% and 93.1% of total Iron (Fe2O3). The amount of Fe2O3 reporting to the Magnetic fraction increased by an average of 35% from feed grade of the composites. The Iron grade of the Magnetic fraction ranged from 55.8% to 71.7% Fe2O3 and it is thought that a magnetite concentrate of similar grade is possible from this deposit.
These test results demonstrate that magnetic separation will result in two products being produced, one a high grade iron concentrate and the second being a higher grade REE product that may be amenable to further upgrading. The results are very preliminary in nature and a larger sample will be required to follow up with the next phase of test work that would include a further upgrading of the non magnetic fraction.
Drill Hole Plan - TREO (%)
- Largest alkalic complex in North America (580 Km Square).
- Great infrastructure that includes: major highways, port and the town of Marathon, all within kilometers of the property.
- 12 known occurances of Niobium, Zirconium, Yittrium with rare earth elements.
- Very limited exploration work done for rare earth elements.
- No radiometric survey has been flown over the complex to date.
- The largest rare earth element deposits in Canada are hosted in alkalic complexes, such as: the Nechalacho deposit (Avalon Rare Metals), the Strange Lake deposit (Quest Rare Minerals), and Rare Earth Metal's own Red Wine Property.
- Rare Earth Metals is actively seeking a JV partner for this project
Red Wine Complex
Total claim group is 1340 claim units covering 340 square kilometres, five historic rare metal showings and two new rare earth element occurrences:
- Mann # 1 (Historic)
- Mann # 2 (Historic)
- Michelin Showing (Historic)
- Two Tom Lake (Historic)
- North Red Wine # 2 (Historic)
- Dory Pond (2010 discovery)
- Playfair South Block (2010 discovery)
2010 Aeromagnetic Map
All located within the Red Wine peralkaline complex that has a potential strike length 53km.
All weather road access to within 20 - 50km of the various showings.
Radiometric zone traced up to 2 km long and 100m wide.
Rio Tinto outlined a Beryllium resource in 1961, however, the mineralization was never systematically assayed for REEs.
In 2009 Rare Earth Metals took 16 grab samples from a number of old blast trenches and obtained Beryllium values up to 0.97% BeO, Niobium values up to 2.35% Nb2O5, and TREO values up to 4.99%.
2010 channel sampling of old blast trenches returned assay values of 1.35% TREO / 0.52% Nb2O5 / 0.35% BeO over 30 metres.
Diamond drilling activities in 2010 tested the mineralized zone over a strike length of 600m with 6 drill holes.
Best intersection returned a value of 1.71% TREO / 0.24% Nb2O5 / 0.20% BeO over 27 metres within a wider zone of 1.04% TREO over 70.5 metres.
Mineralized zone has been traced on surface by prospecting for 1500 metres.
Mann #1 Drill Plan
Mann #1 Longitudinal Section
Located approximately 5.6 kilometres southwest along strike of the Mann #1 Beryllium deposit.
Mineralized outcrop and boulders appear to follow a northeast - southwest trending magnetic low.
The newly discovered Green Arrow Zone is located 250 to 1200m southwest along strike from the main Mann # 2 occurrence.
Grab samples from the Green Arrow Zone collected during 2010 prospecting activities returned assay values up to 9.08% TREO, 1.42% Nb2O5, 1.36% BeO
Over 6 kilometres of potential strike length between the Mann # 1 and # 2 mineralized trends will be targeted for drill testing in 2011.
Mann1-Mann2-Green Arrow Prospecting
Two Tom Lake
The Two Tom Lake showing occurs within a highly prospective 2000 meter diameter circular peralkaline syenite pluton.
Discovered by Brinex in 1967
Grab samples collected during 2010 prospecting activities returned values up to 2.00% Be0, 8.71% Nb2O5 and up 6.78% TREO.
Diamond drilling activities in 2010 tested the Two Tom Mineralized Zone over a strike length of approximately 900m with 10 drill holes.
DDH TT-01 intersected 1.35% TREO / 0.31 Nb2O5% / 0.36% BeO over 105.7m
DDH TT-10 was drilled 900 meters northwest of DDH TT-01 and intersected 1.03% TREO / 0.10% Nb2O5 / 0.11% BeO over 168.5m.
Two Tom Drill Results
Two Tom Longitudinal Section
Radioactive anomaly up to 75m wide and traced along strike for a distance of 2 kilometre.
Historic government grab samples returned values grading up to 0.79% Ce, 0.096% Y, 0.24% Nb, 0.16% Zr, and 0.14 % Be within a 1000 meter by 75 meter radioactive mineralized zone.
2010 prospecting activities collected 67 grab samples that returned assay values that ranged from 0.17% up to 5.29% TREO, 0.005% up to 2.18% Nb2O5 and 0.003% up to 0.56% BeO.
The distribution of the heavy rare earth oxides (HREO) as a percentage of the TREO composition (HREO/TREO) ranged from 1 to 40%.
North Red Wine #2
Mineralization consists of up to 40% Eudialyte, a Zirconium-Na-Ca-Silicate mineral with appreciable REEs and Y. The Company took seven grab samples from different parts of the zone resulting in ZrO2 up to 4.93% and Total Rare Earth Oxides (TREO) up to 1.04%. The rear earth oxide composition is comprised of up to 53% HREO as a percentage of the TREO.
A new rare earth element occurrence discovered during 2010 prospecting activities on airborne radiometric anomalies in the area of the North Red Wine #2 Showing.
The occurrence is delineated by a 1000 metre long boulder terrain. Grab samples collected in 2010 returned assay values up to 6.72% TREO and 1.23% ZrO2.
The Dory Pond occurrence represents a new style of mineralization that is enriched in heavy rare earth elements. Up to 64% HREO a percentage of the TREO.
Reconnaissance soil sampling in 2010 successfully delineated coincident rare earth element anomalies over the target area.
South Playfair Block
3 new rare earth element occurrences discovered during 2010 prospecting activities on airborne radiometric anomalies:
- PLY-S-2 (800 metre long airborne radiometric anomaly). Assay values from grab samples range from 0.11% to 1.38% TREO with between 37% to 43% HREO as a percentage of the TREO.
- PLY-S-05 (1000 metre long airborne radiometric anomaly). Assay values from grab samples range from 0.51% to 2.41% TREO with between 5% to 20% HREO as a percentage of the TREO.
- PLY-S-10 (3 metre wide pegmatite zone). Assay values from grab samples rages from 0.19% to 5.37% TREO with between 26% and 85% HREO as a percentage of TREO.
The South Playfair Block occurrences have a similar style of mineralization to that of the Dory Pond occurrence and is also enriched in heavy rare earth elements.
2010 Labrador Exploration Summary
- Completed and airborne radiometric - magnetic survey that lead to the discovery of new rare earth element showings.
- Conducted prospecting, mapping, trenching on all priority targets.
- Diamond drilling on the Mann #1 prospect extended the mineralized zone for 700 metres along strike.
- Diamond drilling on the Two Tom Showing extended the mineralized zone for 900 metres.
- Total budget for exploration activities including property acquisition, airborne survey, prospecting, mapping, trenching and drilling was approximately $2,000,000.
REE Distribution 2010 Drill Holes
REE Distribution TT-07, 09, 10
Photos 2010 Exploration Program
2010 Base Camp
Mann 1 Aerial View Channel Sampling
Mann 1 New Channel Sample Cuts
Mann 1 New Trench
Michelin 1 Ready For Channel Sampling
Michelin 1 New Occurrence
Hinton Coal Project
- Rare Earth Metals owns a 100% interest in eleven coal leases covering 6.88 square kilometers
- Located 19 km northwest of Hinton, Alberta with easy access using existing resource roads
- Sheritt International's producing OBED Coal Mine is located 25 km to the northeast of the property
- Total resources at 106,700,000 tonnes of measured and indicated in-place coal from surface down to 12:1 strip ratio
- Coal grade - Thermal coal with colorific value of between 5,710 and 6,000 kcal/kg. Ash levels in the range of 35% to 40%
- Preliminary development option study with positive results
- Rare Earth Metals is working towards divesting it's interest in this non-core asset. Any interested parties should contact:
Michael Stares, President & CEO Mr. Stares is a successful entrepreneur who runs the day to day operations of Stares Contracting of which he is a 50% owner. With over 20 years experience prospecting, including 8 years with Noranda Exploration, Michael has been instrumental in finding various new discoveries, including Linear Metals' recently discovered moly-copper deposit on their Kilometre 61 Property. Michael is also a member of the board of directors of Benton Resources Corp. and Metals Creek Resources Corp. In March of 2007, Michael and Stephen Stares, along with the rest of the Stares/Keats family, were the proud recipients of the Prospectors and Developers Association ("PDAC") Bill Dennis, Prospector of the Year Award. This prestigious award recognizes the contributions of this family to the industry over the past 40 years
Reginald A. Felix, VP Exploration Mr. Felix is a geologist with more than thirty years of exploration experience, including 20 years with Noranda Exploration. He spent most of his professional career exploring for base metals, gold, uranium, and potash deposits spanning a number of geologic terrains from New Brunswick to British Columbia. Prior to joining the Rare Earth Metals , Mr. Felix worked on Inter-Citic’s Dachang gold project in western China. Mr. Felix holds a BSc. in Geology from the University of New Brunswick.
Wayne Reid, PGeo, Director Mr. Reid has in excess of 30 years experience in exploration and mining geology, spanning a variety of geological terrains, from Newfoundland to Northern B.C. and Alaska. He has held senior positions with Noranda Exploration, Hemlo Gold Mines, Echo Bay Mines and St. Andrew Goldfields. Mr. Reid holds a BSc. in Geology from Memorial University in Newfoundland and has a Professional Geologist designation from the Association of Professional Geologists of Ontario. He is currently Vice President of Corporate Development and a director with Metals Creek Resources and a technical advisor with Ucore Uranium.
Stephen Stares, Director Mr. Stares is a successful entrepreneur with over 18 years experience in mineral exploration. Stephen's first five years were spent prospecting for Noranda on such projects as the Hemlo and Eagle River gold deposits and the Geco and Mattabi base metal camps. The next ten years of Stephen's career were spent managing the operations of Stares Contracting Corp., along with his brother Michael. Stares Contracting is a successful mineral exploration services company in Thunder Bay, Ontario with a large client base that includes major companies such as Noranda, Falconbridge, Teck Cominco, Inco and as well as numerous junior companies. Mr. Stares has discovered several major mineral occurrences in Canada that have been the subject of extensive exploration programs. In 2004 Stephen and Michael started Benton Resources Corp., a publicly listed exploration company listed on the TSX Venture Exchange of which Stephen holds the position of President and CEO. Stephen also holds Board of Director positions with several other junior mining companies.
William S. Harper, Director William S. Harper, M.B.A., C.A., is a professional accountant with more than 30 years experience in corporate finance and administration, including senior management positions with public companies listed in both Canada and the United States, primarily in mining and high technology industries. Mr. Harper is currently CFO of a biotechnology company listed on the TSX. He is also a director of several other public companies in the mining industry that are listed on the TSX Venture Exchange.