RAREF NEWS!!!!
Rare Earth Metals Extends the Lavergne-Springer REE Zone With 160 Meter Step Out Hole Intersecting 1.51% TREO Over 124.7 Meters
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Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX
VENTURE:RA)(PINK SHEETS:RAREF)(OTCQX:RAREF) is pleased to report preliminary
diamond drill sample results from the third drill hole on the West Lavergne REE
Mineralized Zone at the Lavergne-Springer property. The property is located 8 km
north of the Trans-Canada Highway, in Springer Township, immediately north of
the Town of Sturgeon Falls and 80 km east of Sudbury, Ontario. The results from
DDH SL-11-03 include a best intersection of 1.51% TREO over 124.7 meters within
a larger zone of mineralization which assayed 1.43% TREO over 157.5 meters.
Included in the 124.7 meter intersection are higher grade zones of
mineralization with values of 1.65% TREO over 90.2 meters and 2.00% over 10.5
meters. The HREO/TREO ratio from the 157.7 meter zone is 3.1%. The REE
mineralization is enriched with Cerium, Lanthanum and Neodymium.
Of particular note in this zone is the unusually low radioactivity associated
with the host REE mineralization. (Thorium ranges from 12 ppm to 320 ppm
averaging 57 ppm and Uranium is less than 30 ppm uranium). In addition to the
main zone intersected between 101.4 meters to 258.9 meters, there are additional
intercepts of mineralization above and below and these are included in the
Results Table below. Additional sampling is being completed to establish whether
these "outside" intervals of mineralization constitute multiple zones separate
from the main mineralized trend or are a part of a thicker main zone.
DDH SL-11-03 was collared 160 meters north of DDH SL-11-01 and 02, at a dip of
-45 degrees to test the northerly extension of the mineralization. Results from
these two earlier holes, reported in previous press releases dated August 15 and
August 31, 2011 included a zone of 1.50% TREO over 94.2 meters within a larger
zone of mineralization which assayed 0.94% TREO over 359.8 meters in hole
SL-11-01 and 1.24% TREO over 135.2 meters within a larger zone of mineralization
which assayed 0.97% TREO over 301.6 meters in hole SL-11-02. This latest hole is
the most northerly hole to date and shows that the West Lavergne Zone maintains
its widths and grades of REE in this direction. The zone remains completely open
on strike and at depth. Additional drill testing is planned during the winter,
2012 when freezing conditions will allow easier access.
A total of seven holes were completed in this first phase of drilling on the
Springer property and additional results will be released as they are received.
A location map of the drill holes can be viewed on the Company's website at
www.rareearthmetals.ca. A breakdown of these latest results is tabulated below:
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Hole HREO(i) Nd2O3
Drill Depth From To Interval TREO(i) TREO(i) Ce2O3 La2O3 Nd2O3 TREO
Hole (m) (m) (m) (m) % (%) (%) (%) (%) (%)
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SL-03 419.3 48.4 51.4 3 3.08 2.6 1.48 0.91 0.42 13.8
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78 81.0 3 1.26 1.8 0.61 0.39 0.16 13.1
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86.6 95.6 9 1.22 2.0 0.60 0.37 0.16 13.4
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101.4 258.9 157.5 1.43 3.1 0.67 0.41 0.21 14.4
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incl
101.4 226.1 124.7 1.51 3.0 0.71 0.44 0.22 14.4
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incl
102.9 113.4 10.5 2.00 2.8 0.96 0.58 0.29 14.3
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and
135.9 226.1 90.2 1.65 3.0 0.78 0.48 0.24 14.3
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282.9 330.5 47.6 0.85 4.2 0.39 0.24 0.13 15.0
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incl
315.4 323.5 8.1 1.33 3.6 0.63 0.38 0.19 14.2
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Core from the drill program was logged at Rare Earth Metals' core shack on site
and split in half using a hydraulic 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 Manitoulin Transport and shipped to Actlabs' sample
preparation facility in Thunder Bay, Ontario. Prepared samples were forwarded to
Actlabs' analytical facility in Ancaster, Ontario for analysis. The digestion
technique utilized 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 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 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.
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
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.
AI
