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$RAREF next leg .085
$RAREF Rare Earth Metals STRONG BUY @ BARCHART https://www.barchart.com/stocks/quotes/RAREF/opinion
Canada Rare Earth $RAREF Becomes the Primary International Supplier of Monazite http://www.marketwired.com/press-release/canada-rare-earth-becomes-the-primary-international-supplier-of-monazite-tsx-venture-ll-2182469.htm
$RAREF going bizerk! http://www.canadarareearth.com/laos-refinery-gallery
RAREF Trading halt this morning;
http://otce.finra.org/TradeHaltsCurrent
Good luck.
I'm not commenting on this one until it goes down, down, down more. down.down,down and I'll make a comment.
this gold stock is garbage in a can. do not buy shares of RAREF.
the only direction this stock is going in is down, down, down and down a little more. The heading reads: "Gold up and RAREF is down, again!" get your copy free right on this message board. Updates coming soon!
trading has been "halted" for some reason.
finally some good news..........Canada Rare Earth Arranges Long
Term Supply of Rare Earth Concentrate from Brazilian Joint Venture Project
12:27p ET September 22, 2014 (Market Wire) Print
Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") ( TSX VENTURE: LL) is pleased to announce that it has entered into a long term rights agreement to purchase all of the rare earth concentrate to be produced from a property, known as the Mata Azul property, situated in Tocantins, Brazil. The mineral rights are owned by Mineracao Mata Azul S.A. ("Mata Azul"). The Mata Azul property is of significant interest to Canada Rare Earth as discussed in the news release dated February, 2014. In particular the property has been the subject of several exploration programs including sampling, regional mapping, drilling wells, trenching, auger drilling, chemical and petrographic analyzes, mineralogy and beneficiation tests.
Canada Rare Earth and Mata Azul are continuing to work collaboratively to establish a funded rare earth business which will focus on advancing exploration, mining and concentrating various minerals on the Mata Azul property. The two parties are in the process of negotiating a Definitive Joint Venture Agreement to extend and supersede the joint venture letter of intent announced in February, 2014.
Pursuant to the long term supply/sales agreement Canada Rare Earth has the rights but not the obligation to purchase all of the rare earth concentrate produced from the Mata Azul property for a base price plus a percentage of the difference between the base price and fair market value. The duration of the arrangement is for 20 years plus automatic extensions under certain situations.
The arrangement benefits the Mata Azul mining and concentrating project and enhances the ability to finance the project by providing an off-take customer. In turn, Canada Rare Earth will have secured an excellent source of rare earth concentrate for any future refinery projects CREC becomes involved in including a separation refinery proposed to be built on the Mata Azul site. Additionally, Canada Rare Earth may arrange for follow on buyers to purchase any volumes not required for Canada Rare Earth's own purposes. As per the Company's news release of February 2014 the Company is planning, pursuant to its joint venture with Mata Azul, to design and build a 6,000 metric ton per annum refinery.
The long term supply/sales arrangement is subject to the commencement of Mata Azul's mining and concentrating operations which, in turn, is subject to a number of factors including financing, regulatory approvals and viable operations.
Tracy A. Moore, CEO and President of Canada Rare Earth commented: "We are very pleased to have entered into the long term supply arrangement with Mata Azul. The Mata Azul property has excellent potential to host significant quantities of critical rare earth elements contained within workable mineralogy (monazite and xenotime). The property has the potential to support a large separation refinery business in Brazil and complements our global business strategy of establishing multiple refineries in various globally significant locations. The Company is currently in advanced negotiations with several potential investors to finance up to a 10,000 metric ton refinery in Brazil. Whether negotiations are successful with those particular potential investors the Company believes that having secured a potential long term supply of rare earths will result in end users or other conventional commercial lenders being willing to provide project financing. If financing is obtained and a concentration facility is completed the Mata Azul project will represent a rich source of rare earth concentrate well suited to our proposed refineries, in volumes that enable planning for large scale operations producing a full spectrum of rare earth oxides on a long term basis and at an advantageous price."
Canada Rare Earth cautions investors that the proposed Mata Azul project is in the conceptual stage and there is no assurance that results of exploration of the property and associated metallurgy will be sufficiently successful to warrant development or that rare earth concentrate will be produced to the standards and volumes that would be required to make the project commercially viable.
CEC Rare Earth Corp. was instrumental in facilitating this purchase agreement and, as a result, 712,500 options have become fully vested leaving a further 2,137,500 options available for vesting with the delivery of future long term contracts.
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth Corp. is developing a vertically integrated business within the global rare earth industry by focusing on establishing rare earth separation refineries. This initiative is undertaken in conjunction with CEC Rare Earth Corporation, which has access to personnel experienced with designing, building and operating rare earth separation refineries. Additionally, the Company has several exploration properties exhibiting multi element potential including rare earths. 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 Canada Rare Earth Corporation web site at www.canadarareearth.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF CANADA RARE EARTH CORP.:
Tracy A. Moore, CEO & President
"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." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining, exploration and operations; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the price fluctuation of rare earths and other commodities; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections
For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.
Contacts:
Canada Rare Earth Corp.
Tracy A. Moore
CEO & President
(604) 638-8886
www.canadarareearth.com
SOURCE: Canada Rare Earth Corp.
looks like we are taking off......
They are working on some projects. In the meantime go look at ABOT
I've been here forever. Any chance of this taking off?
where is everyone? It looks like a few folks are pecking away here........
I am looking for some action soon. Seems some of the mining stock out there are getting some attention again.
I'm having trouble getting clarification about the future of the Rare Earths market. Does anyone know anything about future damand for these minerals? And what happened to the huge stakes this company had in Canada? They still seem quite promising even with a sale to a larger company. This stock still has potential as far as I can see.
This one is definitely looking like a dud. Too bad.
Rare Earth Minerals, Inc. changed to Canada Rare Earth Corp.:
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/07/2013&mkt_ctg=NON-OTCBB
Jack Lifton hired as Advisor/Consultant to Save Company:
http://www.raremetalblog.com/2011/06/jack-lifton-hired-as-advisorconsultant-for-rare-earth-metals-inc.html
Not looking good. Avg ~ 0.25 per share. Anyone think I'll see my money back?
Thanks 'cadillac107'.-Stanner
O.T. As long as you're aware of the political risks involved for over seas corporations holding properties in Kazakhstan, I'll pass a few on that will serve as a starting point for you: Khan Resources, Alhambra Resources and Uranium One are all domiciled in Canada and trade on the Toronto Exchange, while Eurasian Natural Resources trades on the London Exchange. GLTU in your quest for "striking it rich" in this former Soviet Republic.
Does anybody know of any rare earth mineral stock(s) whose location of operation is Khazakstan.
RARE EARTH METALS REPORTS 6.17% C-GRAPHITE FROM MANITOUWADGE
PROPERTY
April 19, 2012
http://www.kitco.com/pr/1267/article_04192012083512.pdf
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(OTCQX:RAREF)(PINKSHEETS:RAREF) is pleased to announce assay results from sampling completed during a recent due diligence prospecting program on the Manitouwadge Graphite Property. The property consists of 128 staked claim units totaling 2072 hectares, located approximately 30 kilometers north of the town of Manitouwadge in northwestern Ontario. RA owns a 100% interest in the claims.
A total of six surface grab samples were taken during the prospecting program and assay values range from 0.2% to 6.17% graphite. The samples were collected from an area 900 meters by 300 meters in size and encompass the Thomas Lake Road Graphite Occurrence. Sampling at the Thomas Lake Road showing resulted in an assay of 3.62% C-Graphite and the highest value of 6.17% C-Graphite came from a possible parallel zone located 900 meters to the west. The historic Thomas Lake Road Occurrence is described as a 4 meter wide zone of flake graphite, locally up to 20% graphite and hosted by strongly metamorphosed, granulite facies sediments (ref. OGS Open File Report 5889).
The recent sampling has identified graphite mineralization along a minimum 900 meter trend coincident with two or more airborne electromagnetic (AEM) zones located within an intense magnetic low. These geophysical features were defined using information from a 1989 airborne geophysical survey completed by Dighem Surveys for Noranda Exploration Services. The new graphite showings are coincident with a 4 kilometer long AEM trend, however, the full relationship of the graphite and the airborne "conductors" remains to be ascertained. Graphite is a highly conductive mineral; however, the electromagnetic signature depends on the zones' thickness, purity and continuity of the graphite minerals. A number of other similar AEM "conductors" in the area have also been staked and will be evaluated for their graphite potential.
Additional work will be done on the prospect samples to quantify the flake size of the higher grade samples. Rare Earth Metals is also planning an exploration program which will help determine the extent of the flake graphite mineralization. An initial grassroots program consisting of geophysics/ trenching/sampling on the Thomas Lake Road Graphitic horizon and prospecting of the AEM "conductors" will be under way by early May.
In summary, the Manitouwadge Graphite Property has a number of positive elements including:
-- a known, but little worked, flake graphite horizon(s)
-- three new graphite occurrences with assays up to 6.17% C-Graphite from recent due diligence prospecting
-- a number of untested AEM "conductors", several of which are proximal to the old and newly discovered graphite showings
-- a favourable geological setting consisting of recrystallized meta-sediments which are a common host to most flake graphite deposits
-- excellent location and infrastructure
Michael Stares, President and CEO of Rare Earth Metals states, "This initial sampling program has generated some impressive graphite grades and has identified an extensive horizon of graphite mineralization within the recently staked claims. We look forward to completing the proposed field work and begin to fully evaluate the potential of this 100% owned project."
The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades on the property. The samples were delivered to Actlabs sample prep facility in Thunder Bay, ON., where they were prepped and analyzed for their organic carbon (graphite) content using internal lab QA/QC protocols.
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.
This one is depressing. Taking a real beating - for no apparent reason. Am I missing something?
good volumme today.....not too shabby
Today is the day!!!
Home Country News Release - Rare Earth Metals Reports Positive Metallurgical Test Results and Follow-Up Drill Program on Lavergne-Springer Mineralization GOOD NEWS ON TEST RAREF WILL BREAKOUT NEWS NEWS JAN 17 2012
unlikely, although it would definitely be welcomed.
Break out day maybe today on Rare Earth!
A little insider buying on Nov 22 and registered on Jan 2nd
Glad to know I'm not alone. Waiting patiently but definitely disappointing so far.
yes still here. I can't remember who or exactly what was said except he is a geologist who had another well known geologist check out their samples and was really impressed.
I know that sounds kinda dumb, but my memory for telephone conversations is very challenged. Anyways I'm watching to buy more on dips and hanging in there.
Regards, Allan
This one is such a bummer! Everything super green today, and this continues to drop.
You are missing NOTHING. When China pulls the trigger and cuts off the rest of th world from REE's,we will look like prophets(but with money)I am buying this and QREDF small chunks at a time.A modern electronics economy simply CANNOT FUNCTION without these litle whisps of metals with funny names.Can't be done.As an aside,me and an environmental engineer friend got into a discussion about where the largest concentration of REE"s were-His suprising answer?-"Garbage dumps"He believes we have thrown away so much old electronic equipment that the percentage per ton may one day make it economically feasable to go back and mine these dumps for REE's,among other things.Imagine finding Jimmy Hoffa,encased in niobium...Stay strong,Opto.We will do very well in the long run.Biggest problem is refining-the USA has so many regulations that it might be easier to enrich the ore and send it somewhere else for purification.Imagine the hoops and paperwork involved in starting up a brand-new refining plant..Hell,we cant even refine more OIL.Perhaps someone in Congress will see the light,and push for a plant based on the importance of REE's to our national security.I ramble..glta
Averaged down today by 50%. This thing is way undervalued IMO, especially with China insisting they will keep 90% of its rare mineral finds.
Wish I could average down right about now.
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
print
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:
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole HREO(i) Nd2O3
Drill Depth From To Interval TREO(i) TREO(i) Ce2O3 La2O3 Nd2O3 TREO
Hole (m) (m) (m) (m) % (%) (%) (%) (%) (%)
----------------------------------------------------------------------------
SL-03 419.3 48.4 51.4 3 3.08 2.6 1.48 0.91 0.42 13.8
----------------------------------------------------------------------------
78 81.0 3 1.26 1.8 0.61 0.39 0.16 13.1
----------------------------------------------------------------------------
86.6 95.6 9 1.22 2.0 0.60 0.37 0.16 13.4
----------------------------------------------------------------------------
101.4 258.9 157.5 1.43 3.1 0.67 0.41 0.21 14.4
----------------------------------------------------------------------------
incl
101.4 226.1 124.7 1.51 3.0 0.71 0.44 0.22 14.4
----------------------------------------------------------------------------
incl
102.9 113.4 10.5 2.00 2.8 0.96 0.58 0.29 14.3
----------------------------------------------------------------------------
and
135.9 226.1 90.2 1.65 3.0 0.78 0.48 0.24 14.3
----------------------------------------------------------------------------
282.9 330.5 47.6 0.85 4.2 0.39 0.24 0.13 15.0
----------------------------------------------------------------------------
incl
315.4 323.5 8.1 1.33 3.6 0.63 0.38 0.19 14.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
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.
See if the news moves it today.
RAREF is one of my longterm holds.
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The Company is: identifying existing and potential rare earth sources that can provide reliable long term supply; developing pre-treatment facilities and full capability rare earth separation facilities in strategic locations; and enhancing relationships with major international manufacturing companies and their supply networks.
Our team has extensive experience with designing, building and, very importantly, operating rare earth separation refineries; mineral exploration and mining and processing; and international business and finance.
Canada Rare Earth is currently involved with projects in North America, the Caribbean, South America, Africa, Asia and Southeast Asia.
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.
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.
Total claim group is 1340 claim units covering 340 square kilometres, five historic rare metal showings and two new rare earth element occurrences:
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 #2
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.
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.
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%. Michelin1 Prospecting
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.
2010 Labrador Exploration Summary
Photos 2010 Exploration Program
*** See Canada Rare Earth Corp. Website
Hinton Coal Project
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