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Rare Earth Metals Completes In-Fill Drilling on Its Two Tom Deposit in the Red Wine Belt, LabradorNovember 16, 2011 8:30 AM ET
Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINK SHEETS: RAREF)(OTCQX: RAREF) is pleased to report results from the final ten drill holes completed on the Two Tom Mineralized Zone at the Red Wine property, located approximately 110 kilometers northeast of Churchill Falls in west central Labrador. A total of 23 holes have now been drilled on the Two Tom REE/Beryllium/Niobium Zone. This total includes ten holes completed in 2010 and thirteen holes completed between June and September, 2011. All holes intersected the tabular zone. Of particular note is hole TT-15b which intersected 1.68% TREO, 0.21% Nb2O5 and 0.19% BeO over 175.5 meters including a higher grade intersection of 2.15% TREO, 0.27% Nb2O5 and 0.24% BeO over 120.0 meters. Additionally hole TT-24, near the southeast end of the zone intersected 1.26% TREO, 0.38% Nb2O5 and 0.24% BeO over 117.5 meters including a higher grade intersection of 1.89% TREO, 0.61% Nb2O5 and 0.38% BeO over 64.7 meters. The HREO/TREO ratios from these intersections range from 5.2% to 7.1%. The new results compare favourably with previous drilling which included 1.86% TREO over 121.5 meters within a larger zone of mineralization which assayed 1.46% TREO over 195.15 meters in drill hole DDH-TT-13 (see RA press release dated Sept 8, 2011). RA is earning a 100% interest in the Two Tom property which is subject to two option agreements. The northwest half of the zone is optioned from Zimtu Capital Corp. and the southeast half is optioned from Roland and Eddie Quinlan.
Drilling has now defined the Two Tom mineralization as a minimum 1.1 km long arcuate shaped zone striking northwest and steeply dipping to the northeast. Widths vary from 84 meters to greater than 200 meters and the mineralization is completely open. Emphasis to date has been on the TREO grades which contain 14% to 19% Neodymium. These latest results also show quite high Niobium and Beryllium values which may add significant value to the deposit. A total of 23 holes have now been completed on sections 100 meters apart with a nominal 50 to 100 m vertical separation between holes on the same section. Wardrop, a Tetratech Company, has helped guide the drill program and is scheduled to complete a 43-101 compliant resource calculation before the end of the year. A map of the Two Tom drill-hole locations can be found on the Company's website at www.RareEarthMetals.ca.
A table outlining the complete results of all the 2011 drill holes (TT-12 to TT-24) is presented below. The TREO results from holes TT-12 to TT-16 were released in a previous press release however the Niobium and Beryllium values were pending at the time.
-------------------------------------------------- Hole HREO(i) Depth From To Interval TREO(i) TREO(i) Y2O3 Nb2O5 BeO Drill Hole (m) (m) (m) (m) (%) (%) (%) (%) (%) -------------------------------------------------- TT-12 261 41.2 189.5 148.3 1.52 5.3 0.04 0.17 0.18 -------------------------------------------------- Inc 41.2 137.4 96.2 2.05 4.6 0.045 0.22 0.23 -------------------------------------------------- -------------------------------------------------- TT-13 258 23.4 218.5 195.1 1.46 5.6 0.04 0.19 0.18 -------------------------------------------------- Inc 49.8 171.3 121.5 1.86 5.4 0.05 0.22 0.22 -------------------------------------------------- and 194.1 218.5 24.4 1.84 5.4 0.05 0.17 0.24 -------------------------------------------------- -------------------------------------------------- TT-14 349 123 212 89 1.82 6.0 0.055 0.26 0.27 -------------------------------------------------- and 225.5 282.5 57 0.78 7.4 0.029 0.07 0.11 -------------------------------------------------- -------------------------------------------------- TT-15b 447 106.5 282 175.5 1.68 5.3 0.047 0.21 0.19 -------------------------------------------------- Inc 106.5 226.5 120 2.15 5.2 0.058 0.27 0.24 -------------------------------------------------- -------------------------------------------------- TT-16 381 21 237 216 0.87 7.0 0.032 0.20 0.14 -------------------------------------------------- Inc 21 115.5 94.5 1.14 6.6 0.039 0.39 0.21 -------------------------------------------------- Inc 49.5 97.5 48 1.66 6.4 0.056 0.24 0.21 -------------------------------------------------- -------------------------------------------------- TT-17b 276 150.2 233.9 83.7 0.91 7.2 0.029 0.17 0.20 -------------------------------------------------- Inc 151.7 185.9 34.2 1.03 7.3 0.034 1.06 0.24 -------------------------------------------------- And 203.9 221.9 18 1.06 6.3 0.03 0.27 0.19 -------------------------------------------------- -------------------------------------------------- TT-18 291 25.8 281.6 255.8 1.00 6.4 0.032 0.27 0.18 -------------------------------------------------- Inc 90.4 183.9 93.5 1.42 5.9 0.04 0.41 0.28 -------------------------------------------------- inc 109.9 183.9 74 1.55 5.6 0.041 0.32 0.27 -------------------------------------------------- And 209.9 281.6 71.7 1.30 6.3 0.043 0.11 0.15 -------------------------------------------------- inc 227.9 281.6 53.7 1.56 6.2 0.051 0.14 0.18 -------------------------------------------------- -------------------------------------------------- TT-19 127 6 121.5 115.5 0.78 6.2 0.023 0.16 0.12 -------------------------------------------------- Inc 6 30.3 24.3 2.13 3.8 0.037 0.23 0.23 -------------------------------------------------- -------------------------------------------------- TT-20 297 16.6 297 280.5 0.82 6.9 0.028 0.33 0.11 -------------------------------------------------- Inc 25.3 45.3 20 1.42 6.8 0.043 1.23 0.31 -------------------------------------------------- And 202 297 95 1.46 5.6 0.042 0.19 0.16 -------------------------------------------------- -------------------------------------------------- TT-21 204 9 153.7 144.7 0.84 6.4 0.027 0.23 0.16 -------------------------------------------------- Inc 9 48.9 39.9 1.80 5.0 0.045 0.30 0.31 -------------------------------------------------- And 104.4 125.4 21 0.87 6.6 0.028 0.40 0.34 -------------------------------------------------- -------------------------------------------------- TT-22 310.5 12 218.2 206.2 0.84 6.6 0.027 0.19 0.13 -------------------------------------------------- Inc 12 66.7 54.7 1.67 5.6 0.045 0.32 0.30 -------------------------------------------------- And 102.7 146.2 43.5 0.90 6.7 0.028 0.18 0.13 -------------------------------------------------- -------------------------------------------------- TT-23 174 29 153 124 1.03 8.0 0.043 0.37 0.21 -------------------------------------------------- Inc 29 90.7 61.7 1.49 6.7 0.049 0.57 0.33 -------------------------------------------------- -------------------------------------------------- TT-24 216 26.8 144.3 117.5 1.26 7.1 0.043 0.38 0.24 -------------------------------------------------- Inc 26.8 91.5 64.7 1.89 6.5 0.057 0.61 0.38 -------------------------------------------------- und die Aktie verliert bis 19:44 bereits 12.9 % Bewertung der Bohrergebnisse?