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Rare Earth Metals Announces 2011 Exploration Plans for Clay-Howells and Red Wine Projects
Feb. 16, 2011 (Filing Services Canada) -- Rare Earth Metals Inc. (RA - TSX Venture), ("Rare Ear...
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"\nRare Earth Metals Announces 2011 Exploration Plans for Clay-Howells and Red Wine Projects\n\n\n Feb. 16, 2011 (Filing Services Canada) -- \nRare Earth Metals Inc. (RA - TSX Venture), (\"Rare Earth Metals\" or the \"Company\")is pleased to announce exploration plans for 2011. The Company will focus on further testing areas of significant rare earth element mineralization on its Red Wine and Clay-Howells properties for near surface resources.A 2000 meter drill program is scheduled to commence this week on its Clay-Howells property in Northern Ontario. Field crews have prepared thirteen sites and the drilling will test a number of high priority magnetic targets and ring structures within the 10 kilometer diameter Carbonatite Complex. Rare Earth Metals' 2011 drill program is focused entirely on testing new areas of the 110 square kilometer property known to contain rare earth element, niobium and iron ore mineralization. A map of the 2011 drill hole locations can be found on the Company's website at www.RareEarthMetals.ca. Drilling is also planned on the Red Wine project in Labrador and should commence in June, once break-up is over. Drilling at the Two Tom and Mann #1 sites will be carried out with the intention of compiling a 43-101 compliant indicated resource. A summary of the Red Wine targets follows:- The Two Tom prospect was drill tested and trenched over a strike length of 1100 meters. A total of 11 holes were completed and the main section of the Two Tom mineralization has been defined as a lens averaging 75 - 80 meters in thickness and completely open in all directions. The best result assayed 1.45% TREO, 0.14% Nb2O5 and 0.14% BeO over 83.25 meters within a larger zone of mineralization which assayed 1.03% TREO, 0.10% Nb2O5 and 0.11% BeO over 168.5 meters. A 3000 meter fill-in and expansion drilling program is planned to develop a resource. - At the Mann #1 prospect, six holes were completed in 2010 and all intersected the REE/Niobium/Beryllium Zone over a 600 meter strike length with a best result of 1.71% TREO, 0.24% Nb2O5, and 0.20% BeO over 27 meters within a wider zone of 1.04% TREO over 70.5 meters. The zone is also open in all directions where trenching and prospecting have expanded the strike extent of the zone to over 1000 meters. The Mann #1 mineralization is very similar to the mineralization encountered at th...