Rare Earth Metals Inc. Announces Preliminary Results On The Red Wine Project Mineralogy
70% to 100% of the individual rare earth elements report to two main minerals
Thunder Bay, ON – Rare Earth Metals Inc. (“Rare Earth Metals”, “RA” or the “Company”) ( TSX-V: RA; OTCQX: RAREF) is pleased to report that it has received results on a High Definition Mineralogy Analysis of two Composite REE Samples from the Red Wine Property, Labrador. The testwork was conducted by SGS Mineral Services of Lakefield, Ontario, Canada. The test program was designed to provide quantitative mineral speciation and distribution, as well as resolving the liberation and association characteristics by size of the REE, Nb and other minerals. Results to date indicate the LREE and HREE at Two Tom and Mann #1 are concentrated in 2 main minerals: monazite and a cerium – calcium silicate.
At Two Tom, the main REE bearing phases include m onazite (1.4% of the composite sample), Ce-Ca silicate (1.1%), barium silicate (2.6%), niobophyllite (0.1%), pyrochlore (0.1%) and synchysite/bastnasite (0.2%). On the basis of the mass of each REE phase and electron microprobe analyses, monazite and Ce-Ca silicates carry most of the La (~65% and 14%, respectively), Ce (47% and 23%), Nd (~34% and 54%, respectively), Pr (42% and 43%, respectively). The Ce-Ca silicates carry most of the Sm (98%), Y (95%), Gd (98%), and Dy (~100%). Nb is mainly carried by pyrochlore (49%), niobophyllite (18%) and a Ba-silicate (21%).
At Mann #1, REE-bearing phases include m onazite (1.9%), Ce-Ca Silicates (1.2%), barium silicates (1.5%), niobophyllite (1.2%), pyrochlore (0.1%) and synchysite/bastnasite (0.1%). On the basis of the mass of each REE phase and electron microprobe analyses, monazite and Ce-Ca silicates carry most of the La (~74% and 13%, respectively), Ce (56% and 24%), Nd (~39% and 52%, respectively), Pr (47% and 42%, respectively). The Ce-Ca silicates carry most of the Sm (95%), Y (92%), Gd (95%), and Dy (~100%). Nb is mainly carried by niobophyllite (73%) and pyrochlore (17%).
Preliminary results also indicate that relatively speaking, liberation of monazite is good (the highest liberation recorded in the -25um is 64%). Additional work is required to determine the recoverability of the REE minerals.
Going forward the Company plans to:
- Initiate a 2011 in-fill drilling program at the Two Tom prospect by mid-June towards completing a 43-101 compliant resource by last quarter 2011
- Develop further drill targets on a number of showings including Dory Pond, Playfair South, B3 South, etc. with detailed ground surveys
- Drill test 2010 discoveries with HREO enrichment. This will include Eudialyte Hill, Dory Pond and Playfair South. This will be the first drill testing of these showings
- Complete 2010 airborne survey follow-up (prospecting, mapping, lithogeochemistry and soil geochemistry) on new target areas..
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.
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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.:
President and CEO
“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.”
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.
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Rare Earth Metals Inc.
President and CEO
Phone: (807) 623-6840
Fax: (807) 623-9526
Phone: (807) 623-6840
Cell: (604) 741-4150
Fax: (807) 623-9526
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